Active
209 N Monterey Street
Alhambra CA, 91801
$4,680,000
$1,701.20 per sqft
Active
2,751 sqft
Multi-family
Built in 1910
Listed by Linda Yang with IRN Realty 626-447-5100
Attention Builders and Investors! A unique opportunity presents itself with this expansive lot, nearly 18,000 square feet, located in the prime area of downtown Alhambra. This property falls within the RESIDENTIAL HIGH DENSITY ZONE, ALLOWING THE CONSTRUCTION OF UP TO 64 UNITS PER ACRE WITH HEIGHT OF UP TO 75 FEET AND UP TO 6 STORIES. Its prime location offers walking distance convenience to the Edwards movie theater, numerous restaurants, and shops along the main street of downtown Alhambra, all while being situated in a peaceful neighborhood. Easy access to the 10 Freeway, Costco, and Home Depot. Currently, the site hosts two buildings. The front house at 209 Monterey features 2 bedrooms and 1 bathroom, while the back house, labeled 209 1/2, contains two units, each with 1 bedroom and 1 bathroom. Both are occupied by tenants. Prospective buyers are encouraged to verify all pertinent information, including zoning and building codes, with the Alhambra Community Development Department or other departments to ensure it meets their specific requirements. Investors, seize this rare gem in Alhambra--lease now with the potential to build more in the future. Seller is motivated. Almost land value ONLY. Looking forward to showing you this exceptional property soon.
AR24057107
MLSⓇ ID
March 24, 2024
Listed
March 28, 2024
Updated
Map
209 N Monterey Street
Alhambra CA, 91801
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.41 Acres
Sewer
Public Sewer
Other Property Details
Area Name
601 - Alhambra
Days on Market
4
Garage
Yes
Garage Spaces
3
Parking Total
3
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
ALRPD*
Buyer Agency Compensation
2%
Listing Contact: 626-447-5100
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:20 PM UTC