745 S Chapel Ave, Alhambra, California 91801, Alhambra, 91801 - 6 bed, 5 bath
ACTIVE$1,650,000
745 S Chapel Ave, Alhambra, California 91801
6Beds
5Baths
3,106Sqft
10,824Lot
Year Built
1928
Close
-
List price
$1.65M
Original List price
$1.75M
Price/Sqft
$531
HOA
-
Days on market
-
Sold On
-
MLS number
WS25083267
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $1.65M(83th), sqft - 3106(92th), beds - 6(92th), baths - 5(92th).
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.
Nearby schools
6/10
Dewey Avenue Elementary School
Public,•K-6•1.7mi
7/10
Emerson (Ralph Waldo) Elementary School
Public,•K-6•1.7mi
9/10
Marengo Elementary School
Public,•K-5•2.2mi
3/10
Cesar Chavez Elementary School
Public,•K-6•2.7mi
8/10
Monterey Hills Elementary School
Public,•K-5•2.8mi
5/10
Sierra Park Elementary School
Public,•K-6•2.8mi
6/10
City Terrace Elementary School
Public,•K-5•3.6mi
7/10
Ramona Elementary School
Public,•K-8•0.9mi
5/10
Granada Elementary School
Public,•K-8•0.9mi
5/10
William Northrup Elementary School
Public,•K-8•1.0mi
7/10
Garfield Elementary School
Public,•K-8•1.2mi
6/10
Marguerita Elementary School
Public,•K-8•1.3mi
8/10
Martha Baldwin Elementary School
Public,•K-8•1.4mi
7/10
Park Elementary School
Public,•K-8•1.4mi
7/10
Ynez Elementary School
Public,•K-8•1.8mi
6/10
Emery Park Elementary School
Public,•K-8•2.0mi
6/10
Garvey (Richard) Intermediate School
Public,•7-8•2.0mi
4/10
Fremont Elementary School
Public,•K-8•2.1mi
9/10
South Pasadena Middle School
Public,•6-8•2.2mi
6/10
Jefferson Middle School
Public,•6-8•2.7mi
8/10
Monterey Highlands Elementary School
Public,•K-8•3.0mi
5/10
El Sereno Middle School
Public,•6-8•3.4mi
7/10
Alhambra High School
Public,•9-12•0.8mi
8/10
San Gabriel High School
Public,•9-12•0.8mi
9/10
Mark Keppel High School
Public,•9-12•1.3mi
3/10
Del Mar High School
Public,•10-12•1.4mi
8/10
Gabrielino High School
Public,•9-12•1.7mi
9/10
South Pasadena Senior High School
Public,•9-12•2.4mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•3.9mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•4.9mi
Price History
Date
Event
Price
09/17/25
Price Change
$1,650,000-12.9%
08/13/25
Price Change
$1,895,000
04/26/25
Listing
$1,750,000
Condition Rating
Fair
Built in 1928, this multi-unit property presents a mixed bag of conditions. While the rear unit has been 'fully remodeled' with modern white shaker cabinets, stainless steel appliances, subway tile backsplash, and updated bathrooms with contemporary vanities and tiled showers, the other units appear significantly dated. Their kitchens feature older wood cabinets, laminate countertops, and basic white appliances, while bathrooms show older vanities and fixtures. Flooring in these units is a mix of older laminate and carpet. The exterior shows some wear, though the roof is noted as being 2-3 years old, which is a positive. The property is described as a 'value-add opportunity,' indicating that while livable, most units require substantial updates to meet current market standards and maximize rental potential. The overall condition, balancing one remodeled unit against several older ones, places it in the 'Fair' category, suggesting minor to moderate updates are needed across the majority of the property.
Pros & Cons
Pros
Significant Value-Add Potential: The property is explicitly marketed as a 'unique value-add opportunity' with a '5%+ Pro Forma Cap Rate due to a significant upside potential through rental increases,' appealing to investors seeking growth.
Multi-Unit Income Property: As a quadruplex with one detached and three attached units, it offers diversified rental income streams and enhanced investment stability.
Recent Roof Replacement: The roof is only 2-3 years old, indicating a major capital expenditure has been recently addressed, reducing immediate maintenance concerns for a buyer.
Partially Remodeled Unit: The rear unit is 'fully remodeled,' providing a modern, move-in ready option that can command higher rental income immediately.
Desirable Alhambra Location: Located 'in the heart of Alhambra,' a well-regarded city known for its amenities, accessibility, and good school districts, enhancing tenant appeal and property value.
Cons
Age of Property: Built in 1928, the property is nearly a century old, which may imply potential for aging infrastructure (plumbing, electrical) and higher long-term maintenance costs.
Unspecified Condition of Most Units: While one unit is remodeled, the condition of the other three units (front house, two middle units) is not detailed, suggesting they may require significant updates to maximize rental income and achieve the pro forma cap rate.
Substantial Renovation Investment Implied: The 'value-add' nature strongly suggests that a new owner will need to invest significant capital into renovations across multiple units to realize the full rental upside, which could be a substantial upfront cost and effort.