Multi-Tenant Office
For Sale
$3,500,000
205 S Chapel Avenue, Alhambra, CA 91801
Commercial Sale, Alhambra, CA
Property Size7,894 SF
Lot Size0.36 Acres
Price / SF$443.37
Days on Market194
Property Features for 205 S Chapel Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
Corner of E Bay State Street and S Chapel Ave
Subdivision
601 - Alhambra
Standard status
Active
APN
5345006089
Lot size
0.36 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Year built
1990
Buildings
1
Listing Agency:
High Ten Partners, Inc. · Coldwell Banker Real Estate
Listed By:
Peter Kam · License #01041240
(626) 289-6660
Added: Apr 24
Changed: Nov 2
Last Checked: Nov 3 at 7:06AM
MLS# AR26089529
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property is a two-story office building completed in 1990, containing 7,894 square feet on a 0.36-acre corner lot. Its 36 individual suites accommodate professional, medical, legal, and administrative tenants within a multi-occupant layout. Parking includes 24 on-site surface spaces and 8 additional spaces in the structure directly across the street.
The building is near Valley Boulevard, Atlantic Boulevard, and the 10 Freeway. Downtown Alhambra retail, dining, and transit amenities are also nearby, adding convenient access to established commercial and community services.
The building is near Valley Boulevard, Atlantic Boulevard, and the 10 Freeway. Downtown Alhambra retail, dining, and transit amenities are also nearby, adding convenient access to established commercial and community services.
Key Highlights
- 7,894 SF two‑story office building on a 0.36‑acre corner lot
- 36 individual office suites
- 24 on‑site surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,557
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,451,140
$3.5M
Cap Rate 7%
$2,465,100
$2.5M
Cap Rate 9%
$1,917,300
$1.9M
Market Conditions
NOI Build-Up for 7,894 SF
Gross rent
$303.1K $38.40/SF
− Vacancy
−$73.1K −$9.25/SF
EGI
$230.1K $29.15/SF
− OpEx
−$57.5K −$7.29/SF
NOI
$172.6K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,451,140
Cap Rate 7%
$2,465,100
Cap Rate 9%
$1,917,300
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $172,557 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.23M
$3.70M – $4.93M
NOI $295,849 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
36
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story commercial property with individual suites suited to professional, medical, legal, and administrative occupancy.
Where is this office building located?
The property is located at 205 S Chapel Avenue Alhambra, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 7,894 SF two‑story office building on a 0.36‑acre corner lot; 36 individual office suites; 24 on‑site surface parking spaces
