Multi-Tenant Office Building with
For Sale
$3,500,000
205 S Chapel Avenue, Alhambra, CA 91801
SINGLE_FAMILY - Alhambra, CA
Property Size7,894 SF
Lot Size0.36 Acres
Price / SF$443.37
Days on Market99
Property Features for 205 S Chapel Avenue
General Information
Property type
Residential
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
Building Details
Year built
1990
Listing Agency:
High Ten Partners, Inc. · Coldwell Banker Real Estate
(626) 289-6660
Listed By:
Shumei Kam · License #00798181
(626) 202-6446
Added: Apr 24
Changed: Jul 6
Last Checked: Jul 31 at 11:06PM
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.
Investment Insights
Based on property information with market context.
Well-maintained, two-story multi-tenant office building built in 1990, offering 36 individual office suites. The property is situated on a corner lot and includes 24 on-site surface parking spaces plus 8 additional spaces located in a structure across the street.
Located at 205 S Chapel Avenue in Alhambra, the building is near Valley Blvd, Atlantic Blvd, and the 10 Freeway, providing convenient access to Downtown Alhambra’s retail, dining, and transit amenities.
With its suite-based layout and existing tenancy, the building is designed to accommodate a range of professional and administrative uses.
Located at 205 S Chapel Avenue in Alhambra, the building is near Valley Blvd, Atlantic Blvd, and the 10 Freeway, providing convenient access to Downtown Alhambra’s retail, dining, and transit amenities.
With its suite-based layout and existing tenancy, the building is designed to accommodate a range of professional and administrative uses.
Key Highlights
- 1990‑built, 2‑story multi‑tenant office building with 7,894 SF on a 0.36‑acre corner lot
- 36 individual office suites suitable for professional, medical, legal, and administrative tenants
- 24 on‑site surface parking spaces plus 8 additional spaces in the structure directly across the street
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $303.1k | $38.40 |
| − Vacancy | −$73.1k | −$9.25 |
| EGI | $230.1k | $29.15 |
| − OpEx | −$57.5k | −$7.29 |
| NOI | $172.6k | $21.86 |
7,894 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $172,557 @ 7.0% cap · market cap 4.93%
Second Best
Healthcare Medical
$2.14M
$1.87M – $2.50M
NOI $149,701 @ 7.0% cap · market cap 4.28%
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.
Property Analytics
Property Profile
Current Use
Lease Details
36
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,131
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story, multi-tenant office building with 36 suites and 24 on-site parking spaces.
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: 1990‑built, 2‑story multi‑tenant office building with 7,894 SF on a 0.36‑acre corner lot; 36 individual office suites suitable for professional, medical, legal, and administrative tenants; 24 on‑site surface parking spaces plus 8 additional spaces in the structure directly across the street
