For sale
  • Listing Provided by: 

    HORIZON HOM DRE #00975323 310-213-3216,

    HORIZON REAL ESTATE SERVICES

    Price cut: $55K (6/7)
    $2,925,000

    333 N Chapel Ave APT A, Alhambra, CA 91801

    10beds
    7baths
    5,699sqft
    : 
    Multi Family
    Built in 1970
    -- sqft lot
    $2,834,000 Zestimate®
    $513/sqft
    $-- HOA

    What's special

    Stylish updated interiorsAcross from story parkGated entry
    Located in high-demand North Alhambra, this exceptional fully updated 5-unit multifamily + bonus studio with laundry room is currently generating $24,000/month in Airbnb income with $204,000/year net income after expenses—offering a solid 6.85% CAP rate. Two 3+2ba, One 2+Den + 1Ba, Two 1+1, One Bonus Studio w/ Bathroom (non-conforming; storage or staff use). Gated entry with 9 On-Site Parking Spaces (7 covered carports and 2 oversize uncovered spaces). No existing lease contracts – new owner can set market rents. L.A. City Rent control exempt making it a secure investment in an evolving market. Sold fully furnished with stylish, updated interiors. Airbnb listings included – turnkey transition for investor. Positive cash flow from Day 1. A rare find just minutes from South Pasadena, San Marino, and Downtown LA, the property is conveniently walking distance to Main Street & easy transportation, IMAX Theater, 99 Ranch Market, Sprouts Farmers Market, and sits across from Story Park, tennis courts, and Alhambra High School. Positioned for strong income growth with 2026 FIFA World Cup and 2028 Olympics. Great for User & Investor.
    115 days
    on Zillow
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    169
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    3
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