209 Monterey Street

Alhambra, CA 91801

$4,680,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $1,701 / sqft

1910

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 209 Monterey Street
City Alhambra
State CA
Zip 91801
County Los Angeles
Listing Agent Linda Yang DRE#01911223
Courtesy Of IRN Realty
MLS AR24057107
List Price $4,680,000
Status Active
Type Residential Income
Subtype Triplex
Structure Size N/A
Lot Size 17,870
Year Built 1910
DOM 4

Exterior Information

Maps

Listing information courtesy of: Linda Yang, IRN Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 28th, 2024 at 6:14 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.