716 S Chapel Ave Alhambra, CA 91801
Alhambra Acres NeighborhoodEstimated payment $13,623/month
Highlights
- No Units Above
- Cooling System Mounted To A Wall/Window
- Rectangular Lot
- Martha Baldwin Elementary School Rated A
- Laundry Room
About This Home
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.
Listing Agent
Pinnacle Real Estate Group Brokerage Phone: 626-877-6866 License #01523172 Listed on: 01/07/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 9,003 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Rectangular Lot
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,394 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Parking
- 6 Open Parking Spaces
- 12 Parking Spaces
- 6 Carport Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 66
- Tax Tract Number 4816
- Assessor Parcel Number 5347021014
- $2,386 per year additional tax assessments
Community Details
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $456
- Fuel Expense $192
- Insurance Expense $8,000
- Maintenance Expense $2,400
- Trash Expense $2,675
- Water Sewer Expense $4,327
- New Taxes Expense $25,200
- Operating Expense $43,250
- Gross Income $141,480
- Net Operating Income $98,230
Additional Features
- 6 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/07/2026 01/07/26 | For Sale | $2,160,000 | -- | $400 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS25282115
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 multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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Ask me questions while you tour the home.