215 N Alhambra AV
Monterey Park, CA, 91755
$1,850,000
12 Beds
9 Baths
5,767 SqFt
0.39 Acres
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We are pleased to present a six-unit, single-story apartment complex in a prime Monterey Park location. The property sits on a 16,833-square-foot R3-zoned lot, offering both current income and future redevelopment potential. The asset consists of three single-story duplexes. The front duplex includes a three-bedroom, three-bath front unit and a two-bedroom, one-bath rear unit. The three-bedroom unit is currently configured and leased to three separate tenants as a 1-bedroom/1-bath ($1,200), 2-bedroom/2-bath ($1,850), and studio ($965).The middle duplex, comprised of a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, sustained significant fire damage and will require substantial reconstruction. Rents shown assume the units are rebuilt and leased at market rates. The third duplex features two 2-bedroom/1-bath units and a shared on-site laundry room. The property offers 13 on-site parking spaces, including three two-car garages and six open surface spaces, providing strong parking for the submarket. Located just blocks from the Garvey and Garfield Avenue corridors and a short distance from Downtown Monterey Park, the property benefits from convenient access to retail, dining, and neighborhood amenities. The site also presents potential redevelopment opportunities, including PUDs, townhomes, or condominiums, subject to zoning and municipal approvals. Buyer to conduct their own due diligence to verify development feasibility and allowable uses.

Property Details

Price:
$1,850,000
MLS #:
25629057
Status:
Pending
Beds:
12
Baths:
9
Type:
Single Family
Neighborhood:
641montereypark
Listed Date:
Jan 13, 2026
Finished Sq Ft:
5,767
Total Sq Ft:
5,767
Lot Size:
16,833 sqft / 0.39 acres (approx)
Year Built:
1953
641 – Monterey Park641montereypark

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Schools

Interior

Exterior

Parking Spots
13

Financial

Gross Operating Income
$158,537
Net Operating Income
$110,947

Map

Community

Market Summary

Current real estate data for Single Family in Monterey Park as of Jan 20, 2026
48
Single Family Listed
36
Avg DOM
509
Avg $ / SqFt
$966,501
Avg List Price

Property Summary

    215 N Alhambra AV Monterey Park CA is a Single Family for sale in Monterey Park, CA, 91755. It is listed for $1,850,000 and features 12 beds, 9 baths, and has approximately 5,767 square feet of living space, and was originally constructed in 1953. The current price per square foot is $321. The average price per square foot for Single Family listings in Monterey Park is $509. The average listing price for Single Family in Monterey Park is $966,501.

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215 N Alhambra AV
Monterey Park, CA