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.
For sale
Listing Provided by:
HORIZON HOM DRE #00975323 310-213-3216,
HORIZON REAL ESTATE SERVICES
Price cut: $55K (6/7)
$2,925,000
333 N Chapel Ave APT A, Alhambra, CA 91801
10beds
7baths
5,699sqft
Est.:
Multi Family
Built in 1970
-- sqft lot
$2,825,200 Zestimate®
$513/sqft
$-- HOA
What's special
Stylish updated interiorsAcross from story parkGated entry
- 67 days
- on Zillow |
- 209 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: June 06, 2025 at 05:01pm
Listing Provided by:
HORIZON HOM DRE #00975323 310-213-3216,
HORIZON REAL ESTATE SERVICES
Source: CRMLS,MLS#: WS25064082
Originating MLS: California Regional MLS

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Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 7
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,699
- Total interior livable area: 5,699 sqft
Property
Parking
- Total spaces: 9
- Parking features: Carport
- Carport spaces: 7
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Street
- Pool features: None
Lot
- Size: 7,943 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5337004017
- Zoning: ALRPD*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Street Lights
Location
- Region: Alhambra
Financial & listing details
- Price per square foot: $513/sqft
- Date on market: 4/12/2025
- Listing terms: Cash to New Loan
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