738 Chapel Ave S 15, Alhambra, California 91801, Alhambra, 91801 - 0 bed, 1 bath
Loading property details...
Alhambra, California 91801
This Bachelor-style Condominium represents a Strong Value Opportunity with a List Price of $319,000—positioned well below the $338,506 Fair Market Value by 5%. This valuation gap provides $19,506 in Instant Equity. Currently tenant-occupied, the asset offers immediate rental income and features an exceptionally low $135 monthly HOA fee, maximizing cash flow. While maintaining a Fair Condition Rating with restricted "drive-by only" showings, its prime location near Top-Rated Schools like Mark Keppel High School ensures long-term demand. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-overhead entry into the Alhambra market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 738 Chapel Ave S 15 Subject | $319,000* List Price | 0 | 1 | 588 | $576 | - |
A 210 N Atlantic Boulevard A Active | $369,000 List Price | 1 | 1 | 565 | $653 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this property falls into the age category where systems and interiors are likely aged. The listing lacks interior photos and restricts showings to 'drive-by only,' suggesting the unit has not undergone recent high-end renovations and likely maintains functional but outdated features consistent with a fair rating.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
Listed at $359,000, this property represents a highly affordable entry point into the Alhambra real estate market, making it ideal for first-time buyers or budget-conscious investors.
The monthly association fee of $135 is significantly lower than the regional average for condominiums, greatly enhancing the property's monthly cash flow and overall affordability.
The 'drive-by only' showing restriction and requirement for an accepted offer prior to interior inspection creates a significant barrier for traditional buyers and complicates the initial due diligence process.
With only 588 square feet of living space, the unit is quite compact, which may limit its appeal to individuals or couples requiring more storage or room for home offices.
Built in 1971, the building may lack modern energy-efficient features and could require more frequent maintenance or updates compared to newer residential developments.
Great opportunity to own a 3rd story, Bachelor style, 1-bath condo offering 588 sq ft of comfortable living space in the heart of Alhambra. Perfect for investors or first-time buyers, this charming unit is situated in a convenient location close to dining, shopping, and commuter routes. Tenant-occupied—showings are drive-by only and all offers are subject to interior inspection.
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 | 0.0 | 2.0 | 3% |
| Baths | 1.0 | 3.0 | 14% |
| Square foot | 588 | 1,295 | 3% |
| Lot Size | - | 34,567 | 10% |
| Price | $319.0K | $755.0K | 3% |
| Price per sq ft | $543 | $563 | 34% |
| Built year | 1971 | 1987 | 17% |
| HOA | $135.0 | $300 | 7% |
| Days on market | 69 | 179 | 3% |
Mar 13, 2026
$319,000
$359,000
-11% Price Drop
Initial Listing
Feb 12, 2026
$359,000
Initial Listing