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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Office buildings
506 Garfield Ave, Alhambra, CA 91801-2490
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7766198
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
TILT-UP CONCRETE
Total area
11,056 SF
Lot
0.47 ac (20,602 SF)
Zoning code
ALCPD*
APN
5337-007-030
UPID
US09-7766198
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mic Tuning, Inc. CORPORATION Auto Parts Store
-
StoneBridge Paving & Landscaping General Contractor Construction Company
-
한인부동산 Real Estate Agency
-
Vera Angel Home Health Care Service
-
Omnimabs Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.43M
Owner & transaction history
Alhambra Plaza LLC · 1 yrs held
Alhambra Plaza LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
ALCPD* · Alhambra, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alhambra submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alhambra submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,445,000
ML approach
$1,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.26M (Feb 14 2025)
Last sale anchor
$1.26M
Feb 14 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$35,394
Tax year 2024
Assessed value
$2,756,344
Assessed 2024
Previous assessed
$2,756,344
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,406,545
Assessed improvement
$1,349,799
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
6
Total area
11,056 SF
Lot
0.47 ac (20,602 SF)
Zoning code
ALCPD*
APN
5337-007-030
UPID
US09-7766198
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ALCPD* · Alhambra, CA
Zoning ALCPD* · permitted uses
ALCPD* · Alhambra, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alhambra. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
6
Lot
0.47 ac
Current owner
From public records · entity-resolved
Alhambra Plaza LLC
Entity
Mailing address
797 OAK GRV CT, OJAI, CA 93023-9717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
$1,260,000
Alhambra Plaza LLC
Alhambra 506 LLC
Grant Deed
$1,000,000 · Alhambra 506 LLC
Apr 26, 2024
—
Alhambra 506 LLC
Todd E Mills
Intrafamily Transfer
related
—
Sep 11, 2023
—
Alhambra Plaza LLC
Jonathan J Lo
Grant Deed
—
Sep 14, 2021
—
Jonathan J Lo
Michael Yin Yam Lo
Intrafamily Transfer
related
—
Jan 16, 2008
—
Lo Family Trust
Lo,michael Y & Tai L
Quit Claim Deed
related
—
Nov 6, 1992
—
Lo Michael Y
—
Deed Of Trust
related
—
Oct 18, 1991
$57,000
Lo Lawrence Y
Alhambra Plaza
Grant Deed
related
—
Jun 7, 1989
$810,000
United Mercantil
Riboli Steve&mad
Grant Deed
—
—
—
Plaza Alhambra
—
Deed Of Trust
related
$415,000 · Far East National Bank
—
—
Michael Y Lo
—
Deed Of Trust
related
$1,000,000 · United National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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