Medical/Office Condo in
320-330 S Garfield Ave Suite 210 Alhambra, CA 91801
For Sale
Contact for pricing
Medical/office condo near hospitals with SBA financing potential.
Property Size1,385 SF
Price / SF$451.26
Days on Market777
Property Features for 320-330 S Garfield Ave Suite 210
General Information
- Standard status
- Active
- Size
- 1,385 SF
- Property subtype
- Office
Building Details
- Year Built
- 1988
Listing Agency:
SVN | Rich Investment Real Estate Partners Los Angeles
(818) 324-5386
Listed By:
Michael Chang · License #CA 01880895
Source:
Crexi
Added: Jun 8, 2024
Changed: Jul 10
Last Checked: Jul 23 at 3:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Rich Investment Real Estate Partners Los Angeles
Investment Insights
Based on property information with market context.
Located in The Garfield Center, this medical/office condominium offers an attractive investment opportunity in the West San Gabriel Valley market. The building features two elevators and three levels of parking with 256 spaces. The property is ideally suited for medical businesses due to its strategic location near three major hospitals. New owners may be able to capitalize on up to 90% SBA financing. The location in Alhambra provides access to diverse dining options, including Asian cuisine and trendy cafes. The Alhambra Place Shopping Center and the historic Garfield Theatre are nearby. The area offers convenient access for employees and clients, with proximity to major freeways and public transportation. The property has low Owners Association Dues of $8.58 PSF/Year. The unit is approximately 1385 square feet.
Key Highlights
- Strategic location near three major hospitals, ideal for medical businesses.
- Up to 90% SBA financing available.
- Low Owners Association Dues of $8.58 PSF/Year.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.2k | $38.40 |
| − Vacancy | −$12.8k | −$9.25 |
| EGI | $40.4k | $29.15 |
| − OpEx | −$10.1k | −$7.29 |
| NOI | $30.3k | $21.86 |
1,385 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$432.5K
$378.4K – $504.6K
NOI $30,275 @ 7.0% cap · market cap 4.84%
Second Best
Healthcare Medical
$375.2K
$328.3K – $437.8K
NOI $26,265 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$741.5K
$648.8K – $865.1K
NOI $51,907 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Vet Villa Animal Hospital — 2140 Huntington Dr, South Pasadena, CA 91030
FAQs
What type of property is this?
Medical Office Space - Medical/office condo near hospitals with SBA financing potential.
Where is this medical office space located?
The property is located at 320-330 S Garfield Ave Suite 210 Alhambra, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Strategic location near three major hospitals, ideal for medical businesses.; Up to 90% SBA financing available.; Low Owners Association Dues of $8.58 PSF/Year.
