Medical/Office Condo in
320-330 S Garfield Ave Suite 102 Alhambra, CA 91801
320-330 S Garfield Ave Suite 102, Alhambra, CA, 91801
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For Sale
Contact for pricing
Medical/office condo near hospitals with SBA financing potential.
Property Size1,664 SF
Price / SF$498.80
Days on Market772
Property Features for 320-330 S Garfield Ave Suite 102
General Information
- Standard status
- Active
- Size
- 1,664 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 Checked: Jul 19 at 9:35 am
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.
This medical/office condominium is located in The Garfield Center, which features two elevators and three levels of parking with 256 spaces. Its strategic location near three major hospitals makes it ideal for medical businesses. New owners may be able to capitalize on up to 90% SBA financing. The property is located in Alhambra, an area known for diverse dining options, including Asian cuisine and trendy cafes. The Alhambra Place Shopping Center and the historic Garfield Theatre are nearby. The location provides convenient access for employees and clients, with proximity to major freeways, public transportation, and hospitals. The property is professionally managed, with Owners Association dues of $8.58 PSF/Year. This 1664 square foot condominium offers an investment opportunity in the Office/Medical sector.
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.
Local 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 | $63.9k | $38.40 |
| − Vacancy | −$15.4k | −$9.25 |
| EGI | $48.5k | $29.15 |
| − OpEx | −$12.1k | −$7.29 |
| NOI | $36.4k | $21.86 |
1,664 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$519.6K
$454.7K – $606.2K
NOI $36,374 @ 7.0% cap · market cap 4.38%
Second Best
Healthcare Medical
$450.8K
$394.5K – $525.9K
NOI $31,556 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$890.9K
$779.5K – $1.04M
NOI $62,363 @ 7.0% cap · market cap 7.51%
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
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- 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 102 Alhambra, CA.
What is the asking price?
The asking price for this property is $830,000.
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.
