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ANGELINA NGUYEN

angelinannhan@gmail.com +1(408) 952-9437

Listed by Handoko Chen, DRE #01749321 • Growth Investment Group Pasade

$ 4,250,000

Est. payment | -/mo

0.37 Acres Lot

Save

$ 4,250,000

Est. payment | -/mo

Save

0.37 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR26073541

Style Traditional

Year Built 1963

Lot Size 0.368 Acres

Source California Regional MLS

Property Description

First Time for Sale in 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. 50% of the units are due for 8% rent increases in the next 2 months. 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 and almost all units due or about due for immediate 8% rent increases, the asset offers a clear path to stabilization at a very attractive 6.80% Proform

Location

State CA

County Los Angeles

Area 601 - Alhambra

Rooms

Kitchen Oven Range - Electric

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Laundry Laundry Area, Washer/Dryer - Leased, Community Facility

Exterior

Parking Features Assigned Spaces

Garage Spaces 21.0

Pool 31, None

View None

Roof Type Shingle

Building

Lot Description Grade - Level

Water District - Public

Architectural Style Traditional

Others

Tax ID 5337003027

Special Listing Condition Not Applicable

Schools and Properties Nearby

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+1(408) 952-9437

angelinannhan@gmail.com

Learn More About LPT Realty

411 N Chapel Alhambra, CA 91801