501 S. CHAPEL AVENUE
6 UNITS IN ALHAMBRA, CA 91801
Realty Investment Advisors is 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 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. 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 within walking distance of 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!
Alhambra continues to be the “gateway” to lucrative business opportunities in the west San Gabriel Valley and beyond, as well as a highly desirable community to live and work as substantiated by Livability.com, which named Alhambra in 2014 to its “Top 100 Best Places to Live” in the United States.
Alhambra continues to be the “gateway” to lucrative business opportunities. Alhambra placed 21st nationally and fifth among all of California’s 482 cities and towns in the Livability.com ranking. The city was noted for its strength of diversity resulting from a strong business environment including a popular international restaurant row, vibrant Asian business district, award-winning schools, and the best attributes of urban living.