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411 N Chapel

Alhambra, CA 91801
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Bed 0

Bed

Bath 0

Bath

SqFt13,744

Sqft

SqFt16,022

Sqft(Lot)

First Time for Sale in 32 years - Prime 14-unit north Alhambra Value-add Opportunity - NO Local Rent Control | Walk to Downtown Alhambra | South Pasadena + San Marino Adjacent | Superb Demographics | Outstanding Unit Mix. 50% of the units are due for 8% rent increases in the next 2 months. 411 N Chapel Ave., a prime 14-unit value-add apartment community in highly sought-after North Alhambra (NO Local Rent Control). Offered for the first time in 32 years, this property sits just steps from the vibrant dining and entertainment of Downtown Alhambra and across from the popular Story Park. Bordering the premium communities of San Marino and South Pasadena, the location offers tenants unparalleled access to major retail centers, excellent schools, and key transit corridors (I-10 and I-110). This garden-style community provides investors with a straightforward value-add opportunity that is easy to manage and ready to be taken to the next level. Surrounded by newer townhouse subdivisions that provide a strong home-ownership atmosphere, the property features a stable base of long-term tenants. With no local rent control restrictions and almost all units due or about due for immediate 8% rent increases, the asset offers a clear path to stabilization at a very attractive 6.80% Proforma CAP Rate. The property is a two-story garden style apartment that was built in 1963. It has a large building size of ±13,744 SF which translates to large average unit size of ±980 SF/unit. It is on a large ±16,018 SF lot crossing Alhambra Rd. It has an excellent unit mix of one (1) x large 3bed+1.5bath, three (3) x 2bed+1.5bath, six (6) x 2bed+1bath, and four (4) x 1bed+1bath units. Each unit has through the wall A/C, radiant heating, plenty of linen cabinets, ceiling fans, dining area, and so much more. Recent capital improvements including New electrical subpanels in each unit. The property has a total of 21 parking spaces (18 covered + 2 open + 1 tandem). There is no parking soft story retrofit requirement in Alhambra. Each unit is separately metered for electricity (all electric units). There is a shared laundry room (laundry leased) and 2 master gas water heaters. The property has 1 gas meter for the laundry and water heaters. The property is strategically located in the north Alhambra area, considered to be one of the best locations in Alhambra. This area is adjacent to the City of South Pasadena and City of San Marino.

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Detail Ic Property Details

Property Type : Residential Income

Price : $4,250,000

AD Id : 76808001

MLS Id : AR26073541

Lot Size : 16,022 Sqft

Living Area Size : 13,744

Year Built : 1963

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Shingle Property Appliances: Electric Range Fireplace: None Flooring: Carpet,Vinyl,Wood
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Wall Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1963 Building Area Total: 13,744 Construction: Stucco Roof: Shingle
  • Pool Features

    None

    Laundry Features

    Common Area

    Fencing

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3678
  • Lot Size Source: Assessor Lot Size Square Feet: 16022

  • Listing Price Information

    Original List Price: 4,250,000 Listing Contract Date: 2026-04-06
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5337003027 Annual Tax: 51599

  • Garage and Parking

    Garage Description: Assigned

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 601 - Alhambra Directions: from Huntington Dr go south on Garfield Ave, then left on Alhambra Road and right on Chapel Ave Source Property Type: Residential Income Area: 601 - Alhambra Property SubType: Apartment
  • Building and Construction

    Property Age: 63 Common Walls: 2+ Common Walls Property Condition: Repairs Cosmetic Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
204 N Vega Street, Alhambra, CA, 91801 $1,598,000 4 3 2,824 2,824 SqFt
101 S El Molino Street, Alhambra, CA, 91801 $1,249,000 3 1 1,567 1,567 SqFt
1404 Violeta, Alhambra, CA, 91801 $1,190,000 5 3 1,711 1,711 SqFt
999 E Valley Boulevard .., Alhambra, CA, 91801 $698,000 2 -- 1,052 1,052 SqFt
308 S Almansor Street, Alhambra, CA, 91801 $1,588,000 4 2 2,430 2,430 SqFt
909 S Almansor, Alhambra, CA, 91801 $1,088,000 3 2 1,377 1,377 SqFt
937 N Granada, Alhambra, CA, 91801 $1,598,000 3 2 2,190 2,190 SqFt
311 N Almansor, Alhambra, CA, 91801 $1,298,888 6 3 2,237 2,237 SqFt
745 S Chapel Ave, Alhambra, CA, 91801 $1,590,000 6 4 3,106 3,106 SqFt
104-106 E Linda Vista A.., Alhambra, CA, 91801 $1,695,000 6 2 2,793 2,793 SqFt

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ByOwner last updated this listing 06/11/2026 @ 03:53

MLS: AR26073541 LISTED BY: Handoko Chen, Growth Investment Group Pasade 626-594-4900 SOURCE: CRMLS

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