333 N Chapel Avenue A, Alhambra, CA 91801

• 5,699 sqft

Property Description

Located in high-demand North Alhambra, this exceptional fully updated 5-unit multifamily + bonus studio with laundry room is currently generating $24,000/month in Airbnb income with $204,000/year net income after expenses—offering a solid 6.85% CAP rate. Two 3+2ba, One 2+Den + 1Ba, Two 1+1, One Bonus Studio w/ Bathroom (non-conforming; storage or staff use). Gated entry with 9 On-Site Parking Spaces (7 covered carports and 2 oversize uncovered spaces). No existing lease contracts – new owner can set market rents. L.A. City Rent control exempt making it a secure investment in an evolving market. Sold fully furnished with stylish, updated interiors. Airbnb listings included – turnkey transition for investor. Positive cash flow from Day 1. A rare find just minutes from South Pasadena, San Marino, and Downtown LA, the property is conveniently walking distance to Main Street & easy transportation, IMAX Theater, 99 Ranch Market, Sprouts Farmers Market, and sits across from Story Park, tennis courts, and Alhambra High School. Positioned for strong income growth with 2026 FIFA World Cup and 2028 Olympics. Great for User & Investor.

Listing Status:

Active

Date Added:

April 12, 2025 at 05:00AM

Listing Office:

HORIZON REAL ESTATE SERVICES : 310-574-1348

Listing Agent:

HORIZON HOM : 310-574-1348

MLS ID:

WS25064082

Interior

• Laundry: Common Area

Exterior

• Pool: None
• Parking: Parking spaces: 9

Construction

• General: 2

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: ALRPD*5337004017

Utilities

• Sewer: Public Sewer

Financial

• Source: CRMLS

This listing courtesy of HORIZON HOM, HORIZON REAL ESTATE SERVICES