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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. 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 straightforw ard 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, the asset offers a clear path to stabilization at a very attractive 7.12% Proforma CAP Rate (SELF MANAGE). 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 : ResidentialIncome

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

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Feature Features

  • Interior Features

    Roof: Shingle
    Appliances: Electric Range
    Laundry Features: Common Area
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1963
    Building Area Total: 13744
    Construction Materials: Stucco
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 16022 Lot Size Acres: 0.3678 Lot Size Source: Assessor Lot Size Square Feet: 16,022 Lot Description: Lawn,Landscaped,Level,Near Park,Near Public Transit,Rectangular Lot,Street Level

  • Listing Price Information

    Listing Price: $4250000
    Original Price: $4400000
    Cash, Cash to New Loan

  • Tax Information

    Parcel Number: 5337003027 Tax Lot: 22 Tax Block: C Annual Tax: $51599

  • Utility Information

    Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Location Information

    Direction: from Huntington Dr go south on Garfield Ave, then left on Alhambra Road and right on Chapel Ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
515 Alahmar Street, Alhambra, CA, 91801 $1,995,000 3 3 2,488 2,488 SqFt
101 S El Molino Street, Alhambra, CA, 91801 $1,249,000 3 1 1,567 1,567 SqFt
1421 E Norwood, Alhambra, CA, 91801 $1,050,000 3 2 1,737 1,737 SqFt
1108 S Vega, Alhambra, CA, 91801 $1,250,000 3 1 1,238 1,238 SqFt
1404 Violeta, Alhambra, CA, 91801 $1,190,000 5 3 1,711 1,711 SqFt
109 S Cordova Street, Alhambra, CA, 91801 $1,288,000 5 6 3,241 3,241 SqFt
308 S Almansor Street, Alhambra, CA, 91801 $1,588,000 4 2 2,430 2,430 SqFt
909 S Almansor S, Alhambra, CA, 91801 $1,035,000 3 2 1,377 1,377 SqFt
400 San Pasqual Drive, Alhambra, CA, 91801 $980,000 3 1 1,080 1,080 SqFt
745 S Chapel Ave, Alhambra, CA, 91801 $1,590,000 6 4 3,106 3,106 SqFt

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ByOwner last updated this listing 07/27/2026 @ 04:27

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

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