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.
Property Details
Price:
$2,925,000
MLS #:
WS25064082
Status:
Active
Baths:
0
Address:
333 N Chapel Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
601alhambra
City:
Alhambra
Listed Date:
Apr 8, 2025
State:
CA
ZIP:
91801
Lot Size:
7,943 sqft / 0.18 acres (approx)
Year Built:
1970
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Schools
Interior
Laundry Features
Community
Exterior
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Street Lights
Parking Spots
9.00
Financial
Map
Community
- Address333 N Chapel Avenue Alhambra CA
- Area601 – Alhambra
- CityAlhambra
- CountyLos Angeles
- Zip Code91801
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333 N Chapel Avenue
Alhambra, CA
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