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Listed by: Han Chen (626) 224-2495 DRE #01749321 | Growth Investment Group Pasade (626) 594-4900
$4,250,000
Monthly Est:$21,154
8 Beds
6 Baths
13,744sqft
411 N Chapel, Alhambra, CA 91801
$4,250,000
$21,154/moEst:
Get Pre-Approved
Apartment
Built in 1963
$-- HOA
16,022 sqft lot
$309/sq.ft
Description
Owner for 32 years! Prime 14-unit north Alhambra Value-add Opportunity - NO Local Rent Control | Walk to Downtown Alhambra | South Pasadena + San Marino Adjacent | Superb Demographics | Outstanding Unit Mix.
411 N Chapel Ave., a prime 14-unit value-add apartment community in highly sought-after North Alhambra (NO Local Rent Control). Offered for the first time in 32 years, this property sits just steps from the vibrant dining and entertainment of Downtown Alhambra and across from the popular Story Park. Bordering the premium communities of San Marino and South Pasadena, the location offers tenants unparalleled access to major retail centers, excellent schools, and key transit corridors (I-10 and I-110).
This garden-style community provides investors with a straightforward value-add opportunity that is easy to manage and ready to be taken to the next level. Surrounded by newer townhouse subdivisions that provide a strong home-ownership atmosphere, the property features a stable base of long-term tenants. With no local rent control restrictions, the asset offers a clear path to stabilization at a very attractive 7.12% Proforma CAP Rate (SELF MANAGE).
The property is a two-story garden style apartment that was built in 1963. It has a large building size of ±13,744 SF which translates to large average unit size of ±980 SF/unit. It is on a large ±16,018 SF lot crossing Alhambra Rd. It has an excellent unit mix of one (1) x large 3bed+1.5bath, three (3) x 2bed+1.5bath, six (6) x 2bed+1bath, and four (4) x 1bed+1bath units. Each unit has through the wall A/C, radiant heating, plenty of linen cabinets, ceiling fans, dining area, and so much more.
Recent capital improvements including New electrical subpanels in each unit.
The property has a total of 21 parking spaces (18 covered + 2 open + 1 tandem). There is no parking soft story retrofit requirement in Alhambra. Each unit is separately metered for electricity (all electric units). There is a shared laundry room (laundry leased) and 2 master gas water heaters. The property has 1 gas meter for the laundry and water heaters.
The property is strategically located in the north Alhambra area, considered to be one of the best locations in Alhambra. This area is adjacent to the City of South Pasadena and City of San Marino.
- Houzeo last checked: 7 minutes ago
- Listing updated: October 8, 2026 at 2:06 am
- Source: California Regional MLS-CA | MLS#: AR26218487
Part of
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1963
HOA Fees
-
Finished Area
13,744 sqft
Lot Size
16,022 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
AR26218487
MLS Status
ActiveUnderContract
Days on Market
2
Cumulative Days on Market
158
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 6
Interior
Cooling
Wall Window Units
Appliances
Electric Range
Flooring
Carpet, Vinyl, Wood
Sewer
Public Sewer
Heating
Wall Furnace
Construction
Year Built
Year Built: 1963
Home type
Apartment
Property Condition
Repairs Cosmetic
Construction Materials
Stucco
Roof
Shingle
Architectural Style
Traditional
Utilities & Energy
Electric
Standard
Laundry Features
Common Area
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Pool Features
None
Fireplace Features
None
Parking Features
Assigned
Water Source
Public
Other Features
Lot Features
Lawn, Landscaped, Level, Near Park, Near Public Transit, Rectangular Lot, Street Level
Tenant Pays
Electricity
Community Features
Suburban, Valley, Park
Price History
| Date | Event | Price |
|---|---|---|
10/07/2026 Source: | Contingent (Active Under Contract) | $4,250,000 $309/sqft |
06/10/2026 Source: | Listed for Sale | $4,250,000 $309/sqft |
04/06/2026 Source: | Off Market | $4,250,000 -3.41% $309/sqft |
04/06/2026 Source: | Listed for Sale | $4,400,000 $320/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 10, 2026, 01:15PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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