28 S Chapel Ave, Alhambra, CA 91801

Property Description

A seven condo portfolio multifamily opportunity located in the City of Alhambra! 28-32 S. Chapel Avenue is located on South Chapel Avenue between East Main Street and East Bay Street in the heart of Alhambra. The property offers walkable access to Alhambra Place, a 120,000-square-foot retail center with popular shops and restaurants. The highly convenient location offers easy access to the 10 and 210 freeway and is located near several elementary, middle and high schools. The area also offers convenient access to the San Gabriel Valley Medical Center, Cal State LA, The Westfield Santa Anita, East Los Angeles College and the Alhambra Golf Course. 28-32 S. Chapel Avenue is a rare, non-rent controlled, three-story, seven-unit portfolio of condos that are individually parceled. Built in 1984, the property is situated on a ±35,741 square foot lot with a total building size of ±11,711 square feet. The property offers an excellent unit mix of seven total units averaging 1,673 square feet. Alhambra is a city located in the western San Gabriel Valley region of Los Angeles County. It is ideally located by offering convenient access to the neighboring cities within the San Gabriel Valley, Los Angeles County and San Bernardino County. The property is less than 30 miles from LAX and a short drive from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20-mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. 28-32 S. Chapel Avenue features tri-level spacious units with central air and heating, washer and dryer hook-up, kitchen with appliances, a formal dining area, carpet, stone, tile and vinyl flooring, master bedroom with walk-in closet, a fireplace, and attached two-car garage. 28-32 S. Chapel Avenue is a great long-term investment. The property is in a highly desirable, non-rent-controlled area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.