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.
Property Details
Price:
$4,560,000
MLS #:
AR24057107
Status:
Active
Baths:
0
Address:
209 N Monterey Street
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
601alhambra
City:
Alhambra
Listed Date:
Mar 24, 2024
State:
CA
ZIP:
91801
Lot Size:
17,870 sqft / 0.41 acres (approx)
Year Built:
1910
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Suburban
Garage Spaces
3.00
Lot Features
Lot 10000-19999 Sqft
Parking Spots
3.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address209 N Monterey Street Alhambra CA
- Area601 – Alhambra
- CityAlhambra
- CountyLos Angeles
- Zip Code91801
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Courtesy of IRN Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
209 N Monterey Street
Alhambra, CA
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