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716 S Chapel Avenue

Alhambra, CA 91801
  • $2,160,000
  • STATUS: Active
  • ON SITE: 66 Days
  • ID#: WS25282115
UPDATED: 225 min ago
$2,160,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent(s): Doresa Wang of Pinnacle Real Estate Group (626-888-9808)


Description

Appealing investment opportunity in the City of Alhambra, located in a prime location! First time on the market in 30 years. High rental demand desirable 6-Units, all units are two-story of 2 bedrooms and 1.5 bathrooms. Living area is ± 5,394 sqft, lot size is ± 9,000 sqft, each unit has ± 900 sqft. Current rent is $11,740/month. It has 6 carports and 6 outdoor parking spaces, so each unit has 2 parking spaces. On-site laundry room with leased machines, individual electric & gas meters, and individual water heaters. Per seller’s info, all units have been changed to double-pane windows, the roof condition is good, and some units have updates. Rents can be increased. Stable tenants and easy manage.Just two blocks away to Alhambra Golf Course, and Almansor Park with Tennis Courts, Soccer Fields, baseball Field, Playground, Gym, etc. It has easy access to Freeways 10 & 710, just 4 miles to Cal State LA University, 6.5 miles to USC Health Sciences Campus, 9 miles to Downtown LA. City of Alhambra is vibrant and convenient to supermarkets, banks, schools, various restaurants, sports, entertainments, strip malls, and many more. Alhambra is adjacent to Pasadena, South Pasadena, San Marino, San Gabriel, and Monterey Park, these Cities come together as a prosperous region. This property is such a great real estate asset to own! Drive by only please, do not talk to any tenants. Interior inspection only provide to the buyer after his/her offer has been accepted.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-16T00:26:03.207. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/171820451
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716 S Chapel Avenue Alhambra, CA 91801

  • Price: $2,160,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 225 min ago
  • ID#: WS25282115
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1965
Built
Neighborhood:
601 - Alhambra
County:
Los Angeles
Area:
601 - Alhambra
Property Description
Appealing investment opportunity in the City of Alhambra, located in a prime location! First time on the market in 30 years. High rental demand desirable 6-Units, all units are two-story of 2 bedrooms and 1.5 bathrooms. Living area is ± 5,394 sqft, lot size is ± 9,000 sqft, each unit has ± 900 sqft. Current rent is $11,740/month. It has 6 carports and 6 outdoor parking spaces, so each unit has 2 parking spaces. On-site laundry room with leased machines, individual electric & gas meters, and individual water heaters. Per seller’s info, all units have been changed to double-pane windows, the roof condition is good, and some units have updates. Rents can be increased. Stable tenants and easy manage.Just two blocks away to Alhambra Golf Course, and Almansor Park with Tennis Courts, Soccer Fields, baseball Field, Playground, Gym, etc. It has easy access to Freeways 10 & 710, just 4 miles to Cal State LA University, 6.5 miles to USC Health Sciences Campus, 9 miles to Downtown LA. City of Alhambra is vibrant and convenient to supermarkets, banks, schools, various restaurants, sports, entertainments, strip malls, and many more. Alhambra is adjacent to Pasadena, South Pasadena, San Marino, San Gabriel, and Monterey Park, these Cities come together as a prosperous region. This property is such a great real estate asset to own! Drive by only please, do not talk to any tenants. Interior inspection only provide to the buyer after his/her offer has been accepted.
Exterior Features

Carport Spaces 6 Carport YN Yes Entry Level 1 Entry Location front door Lot Features Rectangular Lot Number Of Separate Electric Meters 7 Open Parking Spaces 6 Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common WallsNo One AboveNo One Below Cooling Wall/Window Unit(s) Cooling YN Yes

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Electric Expense 456 Fuel Expense 192 Garage YN No Gross Income 141480 Gross Scheduled Income 141480 Insurance Expense 8000 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 2400 Net Operating Income 98230 New Construction YN No New Taxes Expense 25200 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 43250 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Total Actual Rent 11740 Trash Expense 2675 Water Sewer Expense 4327 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-16T00:26:03.207. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Doresa Wang of Pinnacle Real Estate Group (626-888-9808)