Two-Building Flex
For Sale
Contact for pricing
624 Palm Ave, Alhambra, CA 91803
Street-facing office and retail space is paired with a rear warehouse for varied commercial operations.
Property Size4,276 SF
Price / SF$327.41
Days on Market164
Property Features for 624 Palm Ave
General Information
Standard status
Active
Size
4,276 SF
Class
C
Property subtype
Office, Industrial
Zoning
ALMPD*
Investment Type
Owner/User
Building Details
Year Built
1936
Stories
1
Tenancy
Single
Listing Agency:
Pinnacle Real Estate Group
Listed By:
Johnny Wong · License #01244457
(626) 964-5500
Source:
Crexi
Added: May 6
Changed: Oct 4
Last Checked: Oct 16 at 6:39AM
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 Pinnacle Real Estate Group
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Investment Insights
Based on property information with market context.
This two-building flex property combines street-facing office and retail space with a separate rear warehouse. The front portion supports showroom, retail, or office functions, while the warehouse provides space for storage and operational needs. The property sits on a 9,997-square-foot lot and was constructed in 1936.
Located at 624 Palm Ave in Alhambra, California, the asset is identified with ALMPD* zoning. Its configuration brings customer-facing commercial space and warehouse functionality together in one property, offering a practical arrangement for an owner-user or commercial occupant. The street-oriented frontage provides direct exposure for the office and retail component, while the rear building separates warehouse activity from the front-facing area.
Located at 624 Palm Ave in Alhambra, California, the asset is identified with ALMPD* zoning. Its configuration brings customer-facing commercial space and warehouse functionality together in one property, offering a practical arrangement for an owner-user or commercial occupant. The street-oriented frontage provides direct exposure for the office and retail component, while the rear building separates warehouse activity from the front-facing area.
Key Highlights
- Two‑building configuration combining office, retail, and warehouse space
- 9,997‑square‑foot lot at 624 Palm Ave, Alhambra, CA 91803
- Front building includes 2,026 SF of street‑facing office/retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,470
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,869,400
$1.9M
Cap Rate 7%
$1,335,286
$1.3M
Cap Rate 9%
$1,038,556
$1.0M
Market Conditions
NOI Build-Up for 4,276 SF
Gross rent
$164.2K $38.40/SF
− Vacancy
−$39.6K −$9.25/SF
EGI
$124.6K $29.15/SF
− OpEx
−$31.2K −$7.29/SF
NOI
$93.5K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,869,400
Cap Rate 7%
$1,335,286
Cap Rate 9%
$1,038,556
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,470 @ 7.0% cap · market cap 6.68%
Second Best
Warehouse
$794.8K
$695.5K – $927.3K
NOI $55,639 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,255 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,748
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91803, CA
29,374
Population
10,439
Households
2.8
Avg Household Size
42
Median Age
37%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
8,901
Density / Sq Mi
$84,537
Median Household Income
$47,579
Median Earnings
$1,790
Median Rent
$831,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Kogi Truck — 1400 W Main St, Alhambra, CA 91801
Frequently Asked Questions
What type of property is this?
Flex space - Street-facing office and retail space is paired with a rear warehouse for varied commercial operations.
Where is this flex space located?
The property is located at 624 Palm Ave Alhambra, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two‑building configuration combining office, retail, and warehouse space; 9,997‑square‑foot lot at 624 Palm Ave, Alhambra, CA 91803; Front building includes 2,026 SF of street‑facing office/retail space
