1840 S Chapel, Alhambra, California 91801, Alhambra, 91801 - 0 bed, 0 bath
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Alhambra, California 91801
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $1,100,000—positioned well below the $1,333,143 Fair Market Value by 17%. This valuation gap provides $233,143 in Instant Equity. With a Fair Condition Rating, the property features a remodeled front unit and a spacious rear unit on a 10,001 SF lot with ADU development potential. Located near Top-Rated Schools like Mark Keppel High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term wealth and rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1840 S Chapel Subject | $1,100,000* List Price | 0 | 0 | 2,538 | $525 | - |
A 1844 S Stoneman Avenue Sold | $900,000 | 0 | 0 | 1,755 | $513 | 0.1 mi |
B 1820 S Sierra Vista Avenue Active Under Contract | $1,150,000 List Price | 0 | 0 | 2,297 | $501 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of two homes with disparate conditions. While the 1929 front unit has a remodeled kitchen and bath, the 1971 rear unit features very dated finishes, including 1970s-era square tile and cabinetry in the bathroom. Given the age of the structures and the need for cosmetic updates to the secondary unit, it fits the fair criteria.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
The massive 10,001 SF lot provides a rare opportunity to add up to two ADUs, significantly increasing the property's cash flow and long-term equity beyond the existing two detached homes.
The property is zoned for the highly-regarded Mark Keppel High School (Rating 9), a California Distinguished School, which serves as a major draw for high-quality tenants and supports strong resale value.
The front residence was built in 1929, which may require more frequent maintenance of older plumbing and electrical systems compared to modern builds, despite recent cosmetic updates.
While the lot is large enough for ADU expansion, increasing the unit count to four could lead to parking congestion and a loss of private yard space, potentially impacting the appeal for premium renters.
Beautiful duplex opportunity in the desirable Ramona Acres neighborhood of Alhambra featuring two separate homes on a large 10,001 SF lot with excellent income and multi-generational living potential. Ideal for investors or owner-occupants looking to live in one unit and rent the other for additional income. The front home, built in 1929, offers 2 bedrooms and 1 bathroom with a functional layout, remodeled kitchen and bathroom, and a convenient laundry area located off the kitchen side entrance. The rear home, built in 1971, is freshly painted and features 3 bedrooms and 2 bathrooms, plus a spacious living room, separate family room, and dedicated laundry room, providing comfortable and flexible living space. Additional property highlights include a long driveway, detached two-car garage, and durable brick walls along the sides of the property for added privacy and security. The expansive lot may offer potential to add up to two ADUs (buyer to verify with city), creating even greater value and future income possibilities. Each house has its own address and separate water meter. Conveniently located north of the 10 Freeway with easy access to Downtown Los Angeles, freeways, shopping, dining, markets, and entertainment. Situated within the highly regarded school district including Mark Keppel High School, a California Distinguished School. A rare Alhambra duplex opportunity with strong rental potential, flexible living options, and future development possibilities.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades K-6 • 1.5 mi
Grades K-6 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,538 | 2,144 | 85% |
| Lot Size | 10,001 | 7,560 | 85% |
| Price | $1.10M | $1.20M | 46% |
| Price per sq ft | $433 | $523 | 15% |
| Built year | 1929 | 1924 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 144 | 8% |
May 16, 2026
$1,100,000
Initial Listing
Mar 6, 2008
$650,000
Public Record