411 N Chapel
Alhambra, CA 91801
Listing broker / agent: Growth Investment Group Pasade · Handoko Chen · han.chen@growthinvestmentgroup.com · CRMLS
MLS # AR26218487 · Last checked Oct 22, 2026 08:12 UTC
About this property
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.
Property details
- MLS number
- AR26218487
- Status
- Active Under Contract (Backup)
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.3678 acres
- County
- Los Angeles
- Year built
- 1963
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 0
Building
- Year built
- 1963
- Year built source
- Assessor
- Architectural style
- Traditional
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
- Construction
- Stucco
- Roof
- Shingle
- Condition
- Repairs Cosmetic
Rooms & interior
- Appliances
- Electric Range
- Flooring
- Carpet, Vinyl, Wood
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
- Fireplace
- None
- Laundry
- Common Area
Exterior & parking
- Total parking spaces
- 21
- Garage spaces
- 0
- Carport spaces
- 18
- Parking
- Assigned
- Pool
- None
- Spa
- None
- Lot features
- Lawn, Landscaped, Level, Near Park, Near Public Transit, Rectangular Lot, Street Level
- Lot size source
- Assessor
- Fencing
- None
- Property outlook
- None
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Community features
- Suburban, Valley, Park
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Garfield Elementary (school website, opens in a new tab) Alhambra Unified · Alhambra | K–8 | 0.3 mi |
| Alhambra High (school website, opens in a new tab) Alhambra Unified · Alhambra | 9–12 | 0.6 mi |
| Granada Elementary (school website, opens in a new tab) Alhambra Unified · Alhambra | K–8 | 0.6 mi |
| Options for Youth San Gabriel (school website, opens in a new tab) San Gabriel Unified · San Gabriel | 7–12 | 0.9 mi |
| Park Elementary (school website, opens in a new tab) Alhambra Unified · Alhambra | K–8 | 1.0 mi |
| Coolidge Elementary (school website, opens in a new tab) San Gabriel Unified · San Gabriel | K–5 | 1.0 mi |
| William Northrup Elementary (school website, opens in a new tab) Alhambra Unified · Alhambra | K–8 | 1.1 mi |
| San Gabriel High (school website, opens in a new tab) Alhambra Unified · San Gabriel | 9–12 | 1.2 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $4,250,000
- MLS-reported original asking price
- $4,250,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 11, 2026 05:01 | $4,250,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
- MLS-reported annual tax (year not provided)
- $51,599
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Alhambra
Active residential homes for sale in Alhambra, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
16 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-22 08:48 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗