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745 S Chapel Ave 4 Unit Apartment Building $2,270,103 CAD ($567,526 CAD/Unit) Alhambra, CA 91801
Investment Highlights
- Positioned in a strong rental market with consistent demand for multi-family housing.
- Located in a desirable Alhambra neighborhood near schools, parks, and local amenities.
- Situated on a 10,825-square-foot lot, providing ample outdoor space and parking capacity for up to six vehicles.
- Convenient access to major transportation routes, including nearby freeways, supporting connectivity to the greater Los Angeles area.
- Built in 1928, offering classic architectural character with potential for modernization or value-add improvements.
Executive Summary
Epitome CRE is proud to present a unique value-add or redevelopment opportunity up to 10 units in the heart of Alhambra. This stabilized asset offers a 4.5%+ Pro Forma Cap Rate due to a significant upside potential through rental increases. The property features 1 detached unit and 3 attached units. Front House: 942 square feet 2 bed / 1.25 bath with a detached 2-car garage. Middle Units (2): Identical 1 bed / 1 bath layouts mirror image to each other. Rear Unit: Fully remodeled 2 bed / 1 bath also the largest floorplan. The rear three attached units totals 2,164 square feet. Roof is 2 year old.
Property Facts
| Price | $2,270,103 CAD | Building Class | C |
| Price Per Unit | $567,526 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 3,106 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | ||
| Zoning | RM - Medium Density Residential | ||
| Price | $2,270,103 CAD |
| Price Per Unit | $567,526 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,106 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1928 |
| Zoning | RM - Medium Density Residential |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+4.5 | 4 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5347-017-002 | Improvements Assessment | $200,398 CAD |
| Land Assessment | $438,592 CAD | Total Assessment | $638,990 CAD |
Property Taxes
Parcel Number
5347-017-002
Land Assessment
$438,592 CAD
Improvements Assessment
$200,398 CAD
Total Assessment
$638,990 CAD
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745 S Chapel Ave
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