333 N Chapel Avenue, Alhambra, CA 91801

$2,350,000

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List Price
$2,350,000
Status
ACTIVE
MLS#
PW26132504
Year Built
1970
Lot Size
7,943
Acres
0.18
Lot Location
0-1 Unit/Acre
Days on Market
40
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

Exceptional investment opportunity to own a fully updated five-unit income property with multiple value-add features and excellent cash-flow potential. In addition to the five residential units, the property includes a community laundry room providing additional income and a bonus studio with its own bathroom, currently used as storage but offering flexibility for a variety of uses. The unit mix consists of two spacious 3-bedroom, 2-bathroom units, each featuring a primary suite with its own private bathroom and walk-in closet, along with generously sized secondary bedrooms. A third unit offers 2 bedrooms plus a den that can easily serve as a third bedroom, along with one full bathroom. The remaining two units each feature 1 bedroom and 1 bathroom. All units have been tastefully updated and offer private laundry hookups, vinyl flooring, abundant natural light, granite countertops, remodeled kitchens and bathrooms, and individual wall heating and cooling units. The property also features a gated entrance and a total of nine parking spaces, providing convenience and privacy for residents. Centrally located near public transportation, parks, shopping centers, schools, and major freeways, this prime location offers easy access to Pasadena, San Marino, and Downtown Los Angeles. Whether you are a seasoned investor or looking to expand your portfolio, this turnkey property presents an outstanding opportunity to own a well-maintained asset in a highly desirable and convenient location with strong income potential.

Additional Information

Pool Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Garage Spaces Total
9
Sewer
Private Sewer
Water
Private
Attached Structure
Detached
Number Of Units Total
5
Gross Scheduled Income
$14,200
Operating Expense
546

Listing courtesy of Listing Agent: Angel&Pat Hernandez (angel@angelandpatty.com) from Listing Office: Synergy Real Estate.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.