14-Unit Garden-Style Apartment
411 N Chapel, Alhambra, CA 91801
For Sale
$4,250,000
Residents have individually metered electric service, shared laundry, and a mix of covered, open, and tandem parking.
Property Size13,744 SF
Lot Size0.37 Acres
Price / SF$309.23
Days on Market40
Property Features for 411 N Chapel
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
laundry room
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Growth Investment Group Pasade
(626) 594-4900
Listed By:
Handoko Chen · License CA #01749321
(626) 224-2495
Source:
Kellidebbsrealty
Added: Oct 7
Changed: Nov 14
Last Checked: Nov 14 at 2:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Growth Investment Group Pasade
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Investment Insights
Based on property information with market context.
Built in 1963, this two-story apartment property contains 14 units across 13,744 SF. The unit mix comprises one 3-bedroom, 1.5-bath unit; three 2-bedroom, 1.5-bath units; six 2-bedroom, 1-bath units; and four 1-bedroom, 1-bath units. Each apartment has through-the-wall air conditioning, radiant heat, ceiling fans, and a dining area. Electrical subpanels have been replaced in each unit, and electricity is separately metered. Shared laundry is provided, with laundry service leased. The property has 21 parking spaces: 18 covered, two open, and one tandem.
The 16,018-SF parcel is across from Story Park and within walking distance of Downtown Alhambra. South Pasadena and San Marino are adjacent communities, and I-10 and I-110 are identified as nearby transit corridors. The property is in Alhambra, where the remarks state there are no local rent control restrictions.
The 16,018-SF parcel is across from Story Park and within walking distance of Downtown Alhambra. South Pasadena and San Marino are adjacent communities, and I-10 and I-110 are identified as nearby transit corridors. The property is in Alhambra, where the remarks state there are no local rent control restrictions.
Key Highlights
- 14 apartments in a two‑story building constructed in 1963
- 13,744 SF building on a 16,018‑SF lot
- Unit mix: one 3‑bedroom/1.5‑bath, three 2‑bedroom/1.5‑bath, six 2‑bedroom/1‑bath, and four 1‑bedroom/1‑bath apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,152
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,423,040
$4.4M
Cap Rate 7%
$3,159,314
$3.2M
Cap Rate 9%
$2,457,244
$2.5M
Market Conditions
NOI Build-Up for 13,744 SF
Gross rent
$437.1K $31.80/SF
− Vacancy
−$35.0K −$2.54/SF
EGI
$402.1K $29.26/SF
− OpEx
−$180.9K −$13.17/SF
NOI
$221.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,423,040
Cap Rate 7%
$3,159,314
Cap Rate 9%
$2,457,244
Alternative Uses
Best Use
Apartment 5plus
$3.16M
$2.76M – $3.69M
NOI $221,152 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.36M
$6.44M – $8.58M
NOI $515,094 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
14
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,418
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
Properties on Market for Apartment buildings in Alhambra
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have individually metered electric service, shared laundry, and a mix of covered, open, and tandem parking.
Where is this apartment building located?
The property is located at 411 N Chapel Alhambra, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 14 apartments in a two‑story building constructed in 1963; 13,744 SF building on a 16,018‑SF lot; Unit mix: one 3‑bedroom/1.5‑bath, three 2‑bedroom/1.5‑bath, six 2‑bedroom/1‑bath, and four 1‑bedroom/1‑bath apartments
