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For sale
Manufacturing properties
CA
Alhambra
91803
429 S Palm Ave

Alhambra Office, Warehouse, Kitchen Facility

429 S Palm Ave, Alhambra, CA 91803

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For Sale

$6,500,000

Two-story building with office, warehouse, and central kitchen.

Type:Commercial

Property size:

15,029 SF

Lot size:

0.69 Acres

Price / SF:

$432/SF

HighLights

Fully built‑out office, warehouse, and central kitchen facility ideal for food production, distribution, catering, or industrial operations.
Professionally equipped commercial kitchen with extensive stainless‑steel prep areas, ventilation hoods, and walk‑in refrigeration/freezer.
Functional warehouse component with two loading docks for efficient logistics and distribution.
Located on a +/-30,000 SF lot with a +/-15,029 SF two‑story building in a central San Gabriel Valley location.
Wide Palm Avenue frontage providing excellent access for box trucks and delivery vehicles.
Includes multiple private offices, conference rooms, and administrative spaces for a complete operational ecosystem.

We can help!

Listing Contact

Shumei Kam

Learn more

For Sale

$6,500,000

Two-story building with office, warehouse, and central kitchen.

Type:Commercial

Property size:

15,029 SF

Lot size:

0.69 Acres

Price / SF:

$432/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 6:06 pm

Property Features for 429 S Palm Ave

General Information

Standard status: Active
Size: 15,029 SF
Lot size: 0.69 Acres
Property subtype: Commercial

Building Details

Year Built: 1968

We can help!

Listing Contact

Shumei Kam

Listing agent Shumei Kam License #00798181

Listing office ColdwellBanker George Realty

Listing date Apr 24, 2026

Source Elliman

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 ColdwellBanker George Realty

HighLights

Fully built‑out office, warehouse, and central kitchen facility ideal for food production, distribution, catering, or industrial operations.
Professionally equipped commercial kitchen with extensive stainless‑steel prep areas, ventilation hoods, and walk‑in refrigeration/freezer.
Functional warehouse component with two loading docks for efficient logistics and distribution.
Located on a +/-30,000 SF lot with a +/-15,029 SF two‑story building in a central San Gabriel Valley location.
Wide Palm Avenue frontage providing excellent access for box trucks and delivery vehicles.
Includes multiple private offices, conference rooms, and administrative spaces for a complete operational ecosystem.

Overview

Located in Alhambra, the property at 429 S Palm Ave offers a two-story building with approximately 15,029 square feet of space on a lot of approximately 30,000 square feet. The property is suitable for food production, distribution, catering, ghost kitchens, or owner-user industrial operations. It features a professionally equipped commercial kitchen with stainless-steel prep areas, ventilation hoods, walk-in refrigeration/freezer capacity, and multiple production rooms. A functional warehouse component includes two loading docks for logistics, deliveries, and distribution. The wide Palm Avenue provides access for box trucks and delivery vehicles. The site also includes private offices, conference rooms, and administrative spaces. The flexible layout allows for food manufacturing, catering headquarters, commissary kitchens, cold storage, e-commerce fulfillment, or hybrid office-industrial operations. Located in a central San Gabriel Valley location, the property is near major thoroughfares and population centers. The property is designed to handle daily operations and future growth.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$508.6k	$33.84
− Vacancy	−$33.6k	−$2.23
EGI	$475.0k	$31.61
− OpEx	−$118.8k	−$7.90
NOI	$356.3k	$23.70

15,029 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$5.09M

$4.45M – $5.94M (±1% cap)

NOI $356,261 @ 7.0% cap · market cap 5.48%

Second Best

Office B

$4.69M

$4.11M – $5.48M (±1% cap)

NOI $328,522 @ 7.0% cap · market cap 5.05%

Theoretical Best

Office A

$8.05M

$7.04M – $9.39M (±1% cap)

NOI $563,253 @ 7.0% cap · market cap 8.67%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Central Prep High School

Suggested Use

Location Insight

Map
Local Demand

City: Alhambra
County: Los Angeles
State: California
Longitude: -118.1470209
Latitude: 34.0852656

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For sale
Manufacturing properties
CA
Alhambra
91803
429 S Palm Ave

What type of property is this?

Manufacturing property - Two-story building with office, warehouse, and central kitchen.

Where is this manufacturing property located?

The property is located at 429 S Palm Ave Alhambra, CA.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: Fully built‑out office, warehouse, and central kitchen facility ideal for food production, distribution, catering, or industrial operations.; Professionally equipped commercial kitchen with extensive stainless‑steel prep areas, ventilation hoods, and walk‑in refrigeration/freezer.; Functional warehouse component with two loading docks for efficient logistics and distribution.