- 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
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5 UNITS + 1 NCU | PLAYA DEL REY
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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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MOBIL GAS STATION | LOS ANGELES
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6 UNITS | MONTEREY PARK
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5 UNITS | HERMOSA BEACH
Welcome to this exceptional investment opportunity in the highly desirable Hermosa Beach sand section! This high income producing was meticulously renovated with no expense spared. All five units feature in-unit washer/dryers, brand new dual-pane windows, beautiful modern entry doors, recessed lighting and luxury vinyl plank flooring throughout. Gorgeous top of the line finishes in all…
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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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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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LAND | TOPANGA
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