745 S Chapel Ave, Alhambra, California 91801, Alhambra, 91801 - 6 bed, 5 bath
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Alhambra, California 91801
This Residential Income Quadruplex presents a Strong Value Opportunity, listed at $1,590,000—positioned well below the $1,727,608 Fair Market Value by 7%. This valuation gap offers $137,608 in Instant Equity. With a Condition Rating of 4, the property features a newer roof and one remodeled unit, while offering significant upside through modernizing the remaining three units. Located near top-rated schools like Marengo Elementary and South Pasadena High, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 745 S Chapel Ave Subject | $1,590,000* List Price | 6 | 5 | 3,106 | $556 | - |
A 1415 S 2nd Street Sold | $1,400,000 | 7 | 4 | 2,192 | $639 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1928, this quadruplex is a classic value-add opportunity. While the roof is nearly new (2-3 years old) and one rear unit has been fully remodeled, the remaining three units are significantly dated. Images show original or older cabinetry, aged tile, and older appliances in the majority of the kitchens and baths, requiring modernization to reach market potential.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
This stabilized quadruplex offers a 5%+ Pro Forma Cap Rate, providing investors with substantial value-add potential through future rental increases in a high-demand Alhambra submarket.
The property features a newer roof (2-3 years old) and a fully remodeled rear unit, which helps minimize immediate capital expenditure and attracts higher-quality tenants.
Built in 1928, the property may require ongoing maintenance and potential upgrades to aging plumbing, electrical, and foundational systems typical of homes from this era.
With only a detached 2-car garage serving four units and a total of six bedrooms, the property may face parking constraints that could impact tenant satisfaction and retention.
Epitome CRE is proud to present a unique value-add opportunity in the heart of Alhambra. This stabilized asset offers a 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 2-3 years old.
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 | 6.0 | 0.0 | 77% |
| Baths | 5.0 | 0.0 | 85% |
| Square foot | 3,106 | 2,144 | 85% |
| Lot Size | 10,824 | 7,560 | 92% |
| Price | $1.59M | $1.22M | 92% |
| Price per sq ft | $512 | $523 | 31% |
| Built year | 1928 | 1924 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 144 | 8% |
Jun 3, 2026
$1,590,000
Initial Listing