Well-Maintained Duplex
For Sale
$1,495,000
912 S Garfield, Alhambra, CA 91801
Duplex on an oversized 9,000+ sq. ft. lot with parking, featuring a 2-bed/2-bath front unit and 3-bed/2-bath rear unit.
Property Size2,517 SF
Days on Market61
Property Features for 912 S Garfield
General Information
Standard status
Active
Size
2,517 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Building Size
2,517 SF
Year Built
1948
Listing Agency:
William Bingley, Broker
Listed By:
William Bingley · License #01940351
(949) 315-9059
Source:
Archetyperealty
Added: Jul 7
Changed: Aug 31
Last Checked: Sep 4 at 12:41PM
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 William Bingley, Broker
Investment Insights
Based on property information with market context.
This well-maintained duplex sits on an oversized 9,000+ sq. ft. lot and offers two distinct residential units. The front unit features 2 bedrooms and 2 bathrooms, while the rear unit offers 3 bedrooms and 2 bathrooms, creating a flexible layout for a variety of owner-occupant or rental use.
The property provides plenty of parking and is conveniently located near shopping, dining, schools, parks, and major freeways, supporting everyday accessibility for residents.
As a residential income property, the duplex configuration provides two separate unit options within one ownership, combining established unit sizes with a practical parking setup on a larger lot.
The property provides plenty of parking and is conveniently located near shopping, dining, schools, parks, and major freeways, supporting everyday accessibility for residents.
As a residential income property, the duplex configuration provides two separate unit options within one ownership, combining established unit sizes with a practical parking setup on a larger lot.
Key Highlights
- Duplex in Alhambra on an oversized 9,000+ sq. ft. lot
- Front unit layout: 2 bedrooms and 2 bathrooms
- Rear unit layout: 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,956
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$879,120
$879.1K
Cap Rate 7%
$627,943
$627.9K
Cap Rate 9%
$488,400
$488.4K
Market Conditions
NOI Build-Up for 2,517 SF
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.
Gross rent
$68.0K $27.00/SF
− Vacancy
−$5.2K −$2.05/SF
EGI
$62.8K $24.95/SF
− OpEx
−$18.8K −$7.48/SF
NOI
$44.0K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$879,120
Cap Rate 7%
$627,943
Cap Rate 9%
$488,400
Alternative Uses
Best Use
Multifamily LT 5
$627.9K
$549.5K – $732.6K
NOI $43,956 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$578.6K
$506.3K – $675.0K
NOI $40,501 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,331 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,866
Businesses Nearby
Explore this area
Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on an oversized 9,000+ sq. ft. lot with parking, featuring a 2-bed/2-bath front unit and 3-bed/2-bath rear unit.
Where is this duplex located?
The property is located at 912 S Garfield Alhambra, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Duplex in Alhambra on an oversized 9,000+ sq. ft. lot; Front unit layout: 2 bedrooms and 2 bathrooms; Rear unit layout: 3 bedrooms and 2 bathrooms
