- Summary
- Location
- Amenities
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+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 (delivered vacant) 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!
- First Time on the Market in Over 45 Years!
- Significant Rental Upside Potential
- No Local Rent Control; Subject to AB1482 (5% + CPI Annual Increases)
- 1967 Construction
- Excellent Alhambra Location
- Individually Metered for Gas and Electricity
- Updated with Newer Windows
- 13 Parking Spaces
- 2 Bedroom 1.5 Bath+den Two-Story Townhouse Style Owner’s Unit
Current Listings
12 UNITS | WESTCHESTER | 7.00% CAP RATE
• True 7.00% cap rate on current in-place income • Sub-10 GRM (9.95x) in prime Westchester pocket • 12 units on a rare double lot • Two side-by-side parcels under single ownership • Comprehensive 2025 property-wide redevelopment • Four newly constructed units delivered in 2025 • All major systems replaced or upgraded, no near-term capex • In-unit washers and dryers throughout • Desirable unit mix: 8 two-bedroom, 4 three-bedroom • Quiet tree-lined street near Loyola Marymount University, Playa Vista, LAX
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5 UNITS + 1 NCU | PLAYA DEL REY
Truly rare Playa Del Rey multifamily Five legal units plus one non-conforming unit Prime coastal Westside beach neighborhood Unique owner user lifestyle opportunity Private rooftop deck with scenic views Thoughtfully updated coastal style residences Diverse unit mix with character Separately metered electricity throughout Gated on site parking included Irreplaceable location near beach and lagoon
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Bellflower Auto Repair (Land + Business), Office and SFR
First time on the market in over 20 years. Two side-by-side Bellflower assets offered together or individually: 15111 Clark Ave – Auto Repair (Land + Business) • ±1,170 SF building on ±12,878 SF lot (0.30 AC) • BFCG zoning – Bellflower General Commercial • Asking Price: $2,500,000 • Includes established auto repair business and real…
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10 UNITS | WEST LA | 2001 CONSTRUCTION
Realty Investment Advisors is pleased to present 1625 S Butler Avenue, a rare opportunity to acquire a 2001 construction multifamily asset in the heart of West Los Angeles. Priced at only $391 per square foot, this property combines desirable unit layouts, modern amenities, and a highly sought-after location, making it an exceptional long-term investment. With…
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131 UNIT FULLY ENTITLED ED1 PROJECT IN ECHO PARK
801-807 Waterloo Street is a fully entitled affordable housing development site in the heart of Echo Park. Two adjacent parcels totaling 12,613 square feet. Approved entitlements for 131 income-restricted units and letter of Compliance already in hand. The plan calls for a seven-story mid-rise using Type III over Type I construction. At roughly 65,000 buildable…
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20 UNITS | ALHAMBRA
We are pleased to offer for sale a well-located 20-unit courtyard-style apartment community in the City of Alhambra, just north of Valley Blvd. The property features spacious units with a desirable mix of 5 – 3Bed+1.5bath, 4 – 2Bed+1.5bath, 8 – 2Bed+1bath, and 3 – 1Bed+1bath units appealing to long-term tenants and supporting strong, stable…
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8 UNITS | SILVER LAKE
• 8-Unit Apartment Community in Prime Silver Lake • Offered at a Current 6.20% Cap Rate • 7 of 8 Units Fully Renovated or Newly Constructed in 2023 • Two New-Construction Units NOT Subject to Rent Control • Modern Unit Interiors with High-End Finishes and In-Unit Laundry • Major Systems Replaced: Electrical, Plumbing, Drain Lines, Windows, Doors • Three-Building Layout with Smooth Stucco Exteriors • Two Buildings with New Roofs • 7 On-Site Parking Spaces • Exceptional Location Near Silver Lake Reservoir and Sunset Boulevard
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GAS STATION | AGOURA HILLS
Unbranded Gas Station – Land & Business Sale Fuel Volume (2025): ~70,000 gallons/month at $1+ margin Mart Sales (2025): ~$85,000/month (includes ~$50,000 in lotto) Lot Size: ~26,000 SF across two parcels Expansion Potential: Room to expand the c-store and add a car wash Prime Location: Excellent visibility and access just off the 101 Freeway
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22 UNITS | PASADENA
TURN-KEY, FULLY UPDATED PROPERTY!! Rarity of 22 units, South of Del Mar Blvd. at $267K per unit and 5.34% Cap Rate and METICULOUSLY MAINTAINED…Turn-Key Investment just north of San Marino border. The property features updated windows, electrical and plumbing systems, newer roof, refreshed landscaping, and secured gated parking, offering a low-maintenance profile for investors seeking…
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THREE TENANT RETAIL CENTER GLASSELL PARK
Three Tenant Retail Center: Chevron, EZ Stop Liquor, and The Heights Deli & Bottle Shop 2 All tenants have 3-5% annual rent increases 5% in place cap rate Chevron gas station has about 5 years remaining on the lease agreement and fuel supply agreement EZStop Liquor and The Heights Deli both feature renewal options
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