NOT LISTED FOR SALE

501 N Chapel Ave Alhambra, CA 91801

15 Beds
11 Baths
8,336 Sq Ft
8,106 Sq Ft Lot

Last Sold January 11, 2019

Last sale price $2,380,000 $286 Per Sq Ft

23 Days on Market

About This Home

As of January 2019

We are pleased to present 501 N. Chapel Ave - A prime 8 unit property in a perfect part of Alhambra! Boasting high walk and transit scores, and a location that is unrivaled for Alhambra, this property is sure to attract an array of tenants wanting to settle in a clean and friendly neighborhood. North of Main St and under $300 per square foot, you do not want to miss out on this investment opportunity!This property also possesses a fantastic unit mix of 1, 2 & 3 bedroom units, with ample living space, in an aesthetically pleasing building. From working professionals and students to families just starting off, the property provides an attractive living opportunity for the area's demographics. Do not miss this opportunity to own a prime investment, situated in one of the best areas of Alhambra!

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 12/11/2018

Co-Listed By

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652

Last Buyer's Agent

Hao Ding

MacroReal Inv Grp Inc. License #02024511

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,106 Sq Ft Lot

Interior Spaces

  • 8,336 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 11 Bathrooms

Parking

  • 8 Parking Spaces
  • Covered Parking

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5337-003-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8336
  • Price Per Unit: 312500.00
  • Stories: 2
  • Year Built: 1960
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 11.00
  • Den: 0
  • Price Per S Q F T: 299.90

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 8

Fee Information

  • Insurance Expense: 3751.00
  • Maintenance Expense: 5949.00
  • Other Expense: 1000.00
  • Trash Expense: 8000.00

Lot Info

  • Assessed Improvement Value: 858575
  • Assessed Land Value: 374375
  • Assessor Parcel Number: 5337-003-015
  • Geocode Override: No
  • Lot Size Area: 8106

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 21.01
  • Number Of Units: 8
  • Rent Control: 0
  • Total Annual Expense: 49900
  • Type Of Units: Apartments
  • Vacancy Rate: 3

Tax Info

  • Tax Expense: 30000.00

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2019 01/11/19 Sold $2,380,000 -4.8% $286 / Sq Ft
01/03/2019 01/03/19 Pending -- -- --
12/11/2018 12/11/18 For Sale $2,500,000 -- $300 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Seller's Agent in 2019

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    72 Total Sales

    Benjamin Hsiang
    Section Image
  • Alexander Metaxas

    Seller Co-Listing Agent in 2019

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    35 Total Sales

    Alexander Metaxas
    Section Image

  • H

    Buyer's Agent in 2019

    Hao Ding

    MacroReal Inv Grp Inc.

See All Agents

Map

Source: The MLS

MLS Number: 18-415032

The MLS
California Los Angeles County Alhambra 91801

501 N Chapel Ave, Alhambra, CA

This home is located at 501 N Chapel Ave, Alhambra, CA 91801 since 11 December 2018. This property was built in 1960. 501 N Chapel Ave is a home located in Los Angeles County with nearby schools including Garfield Elementary School, Alhambra High School, and Saint Therese Carmelite School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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