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Alhambra Multifamily Investment Opportunity

716 S Chapel Avenue Alhambra, CA 91801

716 S Chapel Avenue, Alhambra, CA, 91801
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Six-unit property in prime Alhambra location with high rental demand.

Property Size5,394 SF
Lot Size0.21 Acres
Price / SF$389.32
AddedDec 15, 2025
Days on Market213
Last RefreshJul 15 at 10:28 pm

Property Features for 716 S Chapel Avenue

General Information

Standard status
Active
Size
5,394 SF
Lot size
0.21 Acres
Property subtype
Multifamily

Listing office Pinnacle Real Estate Group

Listing date Dec 15, 2025

Source Crexi

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 Pinnacle Real Estate Group


Investment Insights

Based on property information with market context.

This multifamily property presents an appealing investment opportunity in a prime Alhambra location. The property features six two-story units, each with 2 bedrooms and 1.5 bathrooms. The total living area is 5,394 square feet, situated on a 9,000-square-foot lot. Each unit is approximately 900 square feet. The property includes 6 carports and 6 outdoor parking spaces, providing 2 parking spaces for each unit. Additional amenities include an on-site laundry room with leased machines, individual electric and gas meters, and individual water heaters. According to the seller, all units have double-pane windows, the roof is in good condition, and some units have been updated. The property is located just two blocks from the Alhambra Golf Course and Almansor Park, which features tennis courts, soccer fields, a baseball field, a playground, and a gym. It offers convenient access to Freeways 10 and 710, and is located 4 miles from Cal State LA University, 6.5 miles from the USC Health Sciences Campus, and 9 miles from Downtown LA. The City of Alhambra provides convenient access to supermarkets, banks, schools, various restaurants, sports, entertainment venues, and strip malls. Alhambra is adjacent to Pasadena, South Pasadena, San Marino, San Gabriel, and Monterey Park.

Key Highlights

  • Prime Alhambra location with high rental demand.
  • Six 2‑bedroom, 1.5‑bathroom units, totaling 5,394 sqft on a 9,000 sqft lot.
  • Significant rental upside potential (current rent $11,740/month).

Local Financial Insights For Apartment 5plus

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 $171.5k $31.80
− Vacancy −$13.7k −$2.54
EGI $157.8k $29.26
− OpEx −$71.0k −$13.17
NOI $86.8k $16.09
5,394 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.24M
$1.08M – $1.45M (±1% cap)
NOI $86,794 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M (±1% cap)
NOI $202,155 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Wine and Liquor Store (Bike/Boat/Book/etc) Store Storage Facility Butcher Catering Service Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Six-unit property in prime Alhambra location with high rental demand.
Where is this apartment building located?
The property is located at 716 S Chapel Avenue Alhambra, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Prime Alhambra location with high rental demand.; Six 2‑bedroom, 1.5‑bathroom units, totaling 5,394 sqft on a 9,000 sqft lot.; Significant rental upside potential (current rent $11,740/month).
Contact an agent
(626) 877-6866 Call to check price and availability
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