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    Alhambra Multifamily Investment Opportunity Title is generated by Realmo AI

    716 S Chapel Avenue, Alhambra, CA 91801

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    Six-unit property in prime Alhambra location with high rental demand.

    Type:Multifamily
    Property size:
    5,394 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $400/SF
    Added:
    Dec 15, 2025
    Days on Market:
    167
    Last Refresh:
    Mar 19 at 9:30 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

    We can help!

    Listing Contact
    Doresa Wang
    Doresa Wang

    Listing agent Doresa Wang License #CA 01523172

    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

    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).
    • Ample parking: 6 carports and 6 outdoor spaces (2 per unit).
    • Convenient location near Alhambra Golf Course, Almansor Park, freeways (10 & 710), and universities (Cal State LA, USC Health Sciences Campus).
    • Individual electric & gas meters, individual water heaters, double‑pane windows, and on‑site laundry.

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Alhambra
    County
    Los Angeles
    State
    California
    Longitude
    -118.1193416
    Latitude
    34.0885021

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    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 $2,160,000.
    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).
    (626) 877-6866 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Doresa Wang
    Doresa Wang
    Real Estate License ID: CA 01523172
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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