736 S Chapel Avenue 1, Alhambra, California 91801, Alhambra, 91801 - 2 bed, 1 bath
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Alhambra, California 91801
This Ground-Level Value-Add Condominium presents a High-Potential Investment Opportunity with a List Price of $518,000, positioned near its $511,509 Fair Market Value. Offered for the first time since the 1970s, the property holds a Condition Rating of 5, requiring a complete rehabilitation to unlock its full equity potential. Situated in a prime Alhambra location with access to Top-Rated Schools like Marengo Elementary, the unit offers significant upside through forced appreciation. This asset is an ideal project for Fix-and-Flip Investors or Contractors seeking a high-demand rental or resale product.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 736 S Chapel Avenue 1 Subject | $518,000* List Price | 2 | 1 | 918 | $557 | - |
A 1716 S 2nd Active | $575,000 List Price | 2 | 2 | 855 | $673 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is in largely original 1971 condition and requires a complete rehabilitation to meet modern standards. The kitchen features original dark wood cabinetry, highly dated patterned vinyl flooring, and old appliances, while the bedrooms contain heavily stained, aged carpeting. The listing itself characterizes the home as a 'blank canvas' for investors and notes that it requires substantial capital investment to update its systems, fixtures, and finishes.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
Situated in the heart of Alhambra, this property offers exceptional walkability to Main Street’s vibrant dining and shopping scene, along with quick commuter access to Pasadena and Downtown Los Angeles.
Offered for the first time since the 1970s, this unit serves as a rare blank canvas for investors or DIY buyers looking to build equity through a full modern renovation.
Having been held by the same owner for decades, the interior likely requires a substantial capital investment to update systems, fixtures, and finishes to meet current market expectations.
The lack of in-unit laundry facilities and the single-bathroom configuration for a two-bedroom residence may limit appeal for buyers prioritizing modern convenience and privacy.
First time on the market since the 1970s! Welcome to this charming and well-located condo in the heart of Alhambra. This 2-bedroom, 1-bath residence offers 918 square feet of comfortable living space and is part of a classic 1971-built complex. The unit features a single car-port parking spot and storage, along with a community Laundry Room. This inviting unit provides a functional layout with bright living areas, well-sized bedrooms, and great potential for a buyer looking to be in a home in a highly desirable neighborhood. As a ground-level unit, it offers convenient access and a practical floor plan ideal for both everyday living and entertaining. Located in the vibrant San Gabriel Valley, the home places you just minutes from the excellent dining, shopping, and entertainment options that Alhambra is known for. Enjoy easy access to Main Street’s popular restaurants, cafes, and local shops, as well as nearby markets, parks, and everyday conveniences. The property is also ideally positioned for commuters with quick access to major freeways and close proximity to Pasadena, San Gabriel, and Downtown Los Angeles. Whether you're a first-time buyer, investor, or someone looking to create your dream space in a prime location, this rare offering is a fantastic opportunity to own in one of the most convenient and sought-after areas of the San Gabriel Valley.
No exterior & parking available.
Grades K-6 • 1.7 mi
Grades K-6 • 1.7 mi
Grades K-5 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 3.0 | 14% |
| Square foot | 918 | 1,295 | 14% |
| Lot Size | 27,011 | 34,567 | 41% |
| Price | $518.0K | $755.0K | 10% |
| Price per sq ft | $564 | $564 | 50% |
| Built year | 1971 | 1987 | 17% |
| HOA | $210.0 | $300 | 28% |
| Days on market | 31 | 179 | 3% |
Mar 22, 2026
$518,000
Initial Listing