Updated Apr 22, 2026
Steve Chang Of Chang Investment Group Acquires Multifamily Portfolio In Alhambra For $12.775M
835 Chapel Avenue, 5821 Baldwin Avenue & 11355 Lambert Avenue
$12,775,000
$317/SF
Building Size
14,649 SF
Asset Type
MultiFamily
Closing
Apr 17, 2026
About this deal
AI
The transaction involves a multifamily property portfolio consisting of three assets located at 835 Chapel Avenue, 5821 Baldwin Avenue, and 11355 Lambert Avenue. The total sale price for the properties is $12,775,000, which accounts for 64 units across a total square footage of 40,253. The price per unit is $199,609, and the price per square foot is $317, situated within the markets of Alhambra, Temple City, and El Monte.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,775,000
- Units: 64
- Square Footage: 40,253
- Price Per Unit: $199,609
- Price Per Square Foot: $317
- Buyer's Representative: Steve Chang - Chang Investment Group
Steve Chang, representing the buyer, facilitated the acquisition of this off-market portfolio. The transaction was completed smoothly, with escrow closing in just 17 days. Congratulations were extended to both the buyer and the seller for their successful agreement.
On the Map
$12,775,000
$317/SF
MultiFamily
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Alhambra MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93