SOLD 03/08/2024
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Commercial sold for $1,790,000 in 116 days
501 S Chapel Ave Alhambra, CA, 91801
Off the market Other
$149,000 PRICE REDUCTION!!! We are pleased to present 501 S. Chapel Avenue, a charming six-unit apartment complex in the heart of Alhambra. Situated on a 7,652 square foot lot, the property features an ideal unit mix consisting of a two-bedroom, one-and-a-half-bath + den two-story townhouse-style owner's unit, two two-bedroom, one-bath units, two one-bedroom, one-bath units, and one non-conforming studio with one bath (delivered vacant). One of the one-bedroom units received a complete renovation in 2023, and the non-conforming studio was remodeled in 2021. Newer windows enhance the property's overall appeal. This is the first time in over 45 years that this property has come to market, offering 13 generous parking spaces, individual gas and electricity meters and an on-site laundry room. The property is ideally located minutes from Almansor Park, the Alhambra Golf Course, Alhambra Place, and the vibrant shops and restaurants lining Main Street in downtown Alhambra. Don't miss out on this outstanding investment opportunity!
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Property details
4,043 sqft interior area
Land area
7,654 sqft (0.18 acres)
Address
501 S Chapel Ave, Alhambra, CA, 91801
City of California
Alhambra
County
Los Angeles
Previous price
$2,099,000
Year Built
1967
District
Listing
Nearby major retailers
Costco
Trader Joe's
BMW
Whole Foods Market
Albertsons
T-Mobile
Aldi
Walmart Supercenter
Wholesale: 2
Supermarket: 9
Car: 1
Mobile phone: 3
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Interior Features
—
Garage & Parking
Other
Listed by
Benjamin J. Hsiang, Realty Investment Advisors, Inc.
Name
Benjamin J. Hsiang
License number
01438644
Brokerage company
Realty Investment Advisors, Inc.
MLS #
CL23330295
Buyer agent
Name
Out Of Area
Brokerage company
OUT OF AREA
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Calculate your monthly payments
Mortgage
$5,496
Taxes
$0
HOA dues
$0
Mortgage
$358,000 / 20%
2.28%
30 years
Your amount
$5,496 / month
Lot details
TMK #5345011023
Parcel nr.
5345011023
91801 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 91801
39%
Families with children
National average: 39%
27%
Non family households
421,718
Population
$100,479
Average Income
Age & gender
Median age 41 years
More info
Commute types
87% commute by car
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Education level
23% have high school education
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Number of employees
2% work in education and healthcare
More info
Vehicles available
39% have 2 vehicle
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Vehicles by gender
39% have 2 vehicle
More info
Housing market insights for
$1.4m
Neighborhood average
sales price*
sales price*
$1.07m
Neighborhood median
sales price*
sales price*
459
Number
of sales*
of sales*
Housing type
52% are single detacheds
More info
Rooms
44% of the houses have 4 or 5 rooms
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Bedrooms
66% have 2 or 3 bedrooms
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Owners vs Renters
50% are owners
More info
15 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Mar 8, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 8, 2024 | Sold | $1,790,000 | 0 | Public Record |
| Mar 8, 2024 | Price Decrease | $1,790,000 -8.21% | 0 | MLS #CL23330295 |
| Feb 26, 2024 | Pending | $1,950,000 | 0 | MLS #CL23330295 |
| Dec 13, 2023 | Price Decrease | $1,950,000 -7.1% | 0 | MLS #CL23330295 |
| Nov 14, 2023 | New Listing | $2,099,000 | 0 | MLS #CL23330295 |
Taxes of 501 S Chapel Ave, Alhambra, CA, 91801
ALRP zoning / MLS #CL23330295
Zoning
ALRP
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Frequently Asked Questions about 501 S Chapel Ave
What is 501 S Chapel Ave?
501 S Chapel Ave is a Commercial/Industrial propertywith 4,043 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
501 S Chapel Ave, Alhambra, CA, 91801.
What comparable properties are nearby?
Comparable nearby commercial properties include 511 S Garfield Ave, 528 Howard St, 241 S Curtis Ave, 1904 Pepper St, 2208 Larch St, 112 N Huntington Dr.
Based on information from the bridgeMLS as of 05-15-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Mar 09, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Valley Supermarket 光華超市, 0.93 miles away and 168 market, 0.97 miles away.
The 91801 zip area has a population of 421,718, and 39% of the families have children. The median age is 41.66 years and 87% commute by car. The most popular housing type is "single detached" and 50% is owner.
