1411 Garfield AveAlhambra, CA 91801

Property Details for 1411 Garfield Ave

Year built

2017

Construction

CONCRETE

Lot size

0.58 AC

Property size (Sq ft)

25,731 SF

Zone code

ALCPD-CO*

Property type

Office properties

Property subtype

Office buildings

APN

5357-009-037

APU

5357009037

Description

Regent Plaza, located at 1411 S Garfield Ave, Alhambra, CA 91801, presents a unique investment opportunity. This three-story, 26,964 square foot building, constructed in 2015, offers a blend of retail and office space in a multiple-tenancy configuration. The property sits on a 0.58-acre lot and includes a substantial 132-space parking garage, ensuring ample parking for tenants and visitors. The building's reinforced concrete structure provides a durable and secure environment for its diverse tenant base, which currently includes medical, office, and retail businesses. The building features elevators for convenient access to all three floors. Its zoning is ALCPD*. The Assessor's Parcel Number (APN) is 5357-009-031. Regent Plaza benefits from its strategic location near various retail amenities, including Garden Cafe, Savoy Kitchen, Phoenix Dessert, and Taco Bell, enhancing its appeal and convenience. The property is situated in Alhambra, a prosperous suburb with an average household income exceeding $100,000 within a ten-mile radius, indicating a strong potential for sustained occupancy and rental income. The cross street is Valley Blvd. This property offers a compelling combination of modern construction, ample parking, and a desirable location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $6,894,848

  6.5%

  $6,364,475

  7%

  $5,909,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,872,634

  Geo Method

  $4,893,007

• Alternative Use

  Use

  Valuation

  Residential

  $7,891,949

  Hospitality

  $7,228,983

  Educational

  $6,014,429

  Medical

  $6,221,274

  Retail

  $9,355,778

Location Insight

City

Alhambra

County

Los Angeles

State

California

Latitude

34.0779

Longitude

-118.123

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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