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Listed by HORIZON HOM • HORIZON REAL ESTATE SERVICES
$ 2,925,000
Est. payment /mo
Price Dropped by $55K
333 North Chapel Avenue Alhambra, CA 91801
5,699 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,699 sqft
Price per Sqft $513
MLS Listing ID WS-25064082
Year Built 1970
Lot Size 7,943 Sqft
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Zoning ALRPD*
Interior
Laundry Community
Exterior
Parking Features Gated
Pool None
Community Features Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer