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209 N Monterey St, Alhambra, CA 91801
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209 N Monterey St Alhambra, CA 91801

$4,680,000
  • 4 Beds
  • 3.75 Baths
  • 2,751 Sq.Ft.
For Sale
$4,680,000 Get Pre-Qualified
Map preview of 209 N Monterey St, Alhambra, CA 91801

Property Overview: 209 N Monterey St Alhambra, CA has 4 bedrooms, 3.75 bathrooms, 2,751 living square feet and 17,870 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Linda Yang | BRE #01911223 | IRN Realty
Last checked: 8 minutes ago | Last updated: May 2nd, 2024 | Source CRMLS | DOM: 64
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Home details

Lot Sq. Ft
17,870
HOA Dues
$0/mo
Year built
1910
Garage
3 Car
Property Type:
Triplex
Status
Active
MLS#
AR24057107
City
Alhambra
County
Los Angeles
Time on Site
69 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $60,000
  • Net Operating Income: $53,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $2,400
  • Insurance: $1,500
  • Maintenance: $3,100
  • Water/Sewer: $0

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Property Details for 209 N Monterey St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 5337022030
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West and North of Chapel ave and Main St.
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Alhambra Agent

Sale History for 209 N Monterey St

Last sold on August 15th, 2019

  • March, 2024

  • Mar 24, 2024

    Date

    Active

    CRMLS: AR24057107

    $4,680,000

    Price

  • January, 2024

  • Jan 19, 2024

    Date

    Canceled

    CRMLS: AR23197826

    $3,190,000

    Price

  • Oct 30, 2023

    Date

    Active

    CRMLS: AR23197826

    $3,190,000

    Price

  • Listing provided courtesy of CRMLS

    BUILDER AND INVESTOR ATTENTION PLEASE! Rarely find a piece of a huge R3 lot with 17,870 Sqft that is located at the most prime area nearby downtown Alhambra. Walking distance to the movie theater, all of the restaurants and shops on main street, but in a very quiet neighborhood. Entitlement was approved from Alhambra city planning. Approved plan with approval stamps, including total 9 units and 1166 Sqft each unit. Currently there are two buildings on site.  209 Monterey, the front house, has 2 bedrooms and 1 bathroom. 209 1/2, the back house , has two units , including 1bed/1 bath each unit. Fully tenant occupant. A must-see, and it definitely won't stay for long!

  • August, 2019

  • Aug 15, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2019

  • May 3, 2019

    Date

    Leased

    CRMLS: AR19082084

    $2,600

    Price

  • May 1, 2019

    Date

    Price Change

    CRMLS: AR19082084

    $2,600

    Price

  • Apr 13, 2019

    Date

    Active

    CRMLS: AR19082084

    $1,500

    Price

  • Listing provided courtesy of CRMLS

    Located in the heart of Alhambra with a couple of blocks from all of the restaurants, theaters, and activity of Main Street. This is the back house of the gated triplex, with downstairs unit 1 bed/1 bath and upstairs unit 1 bed/ 1 bath. Owner prefers to leased the back house together. Call L/A to discuss more details. Big and bright living room and kitchen with breakfast area . Each unit will have two parking spaces in the yard. Laundry on the site. Make this nice and clean house as your home.

  • May, 2019

  • May 3, 2019

    Date

    Leased

    CRMLS: AR19081659

    $2,400

    Price

  • Apr 13, 2019

    Date

    Active

    CRMLS: AR19081659

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    Located in the heart of Alhambra with a couple of blocks from all of the restaurants, theaters, and activity of Main Street. This is the front house of the gated triplex without any common walls. The record has two bedrooms and one bathroom. Actually three bedrooms are shown on the property. And one office provides you extra space for your family. Big and bright kitchen with breakfast area and formal dinning room. Tenant will have one single-door garage and two extra parking spaces in the yard. Laundry on the site. Make this nice and clean house as your home. 2 units in the back house are for lease too.

  • December, 2018

  • Dec 29, 2018

    Date

    Sold

    CRMLS: BB18265414

    $2,195,000

    Price

  • Dec 5, 2018

    Date

    Pending

    CRMLS: BB18265414

    $2,195,000

    Price

  • Nov 8, 2018

    Date

    Active

    CRMLS: BB18265414

    $2,195,000

    Price

  • Listing provided courtesy of CRMLS

    Development opportunity OR family compound in prime Alhambra location! Single family home that was built in 1910 at the front of the lot and two one bedroom apartments that were built later at the rear of the property. All are occupied by family members so no rental income and/or expenses is available or will be provided. Note the large lot. Per the City of Alhambra, a maximum of 9 units could be constructed on the property. Located directly across the street from a newer, well-designed condominium project and a couple of blocks from all of the restaurants, theaters, and activity of Main Street. Existing units can be leased while completing the entitlement process.

  • December, 2018

  • Dec 28, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,195,000

    Price

Show More

Tax History for 209 N Monterey St

Assessed Value (2020): $2,238,900
Year Land Value Improved Value Assessed Value
2020 $1,448,400 $790,500 $2,238,900

Home Value Compared to the Market

This property vs the competition

209 N Monterey St is listed 420.58% higher than the median list price for the city of Alhambra which has a median list price of $899,000. The median price per/sqft for Alhambra is $640 and this home is listed at $1701.2 per/sqft which puts the price per square foot 165.81% higher than the median price per square foot for the city of Alhambra.

About 209 N Monterey St

Detailed summary of property

209 N Monterey St is a triplex located in Alhambra, CA 91801 and is currently for sale. This triplex offers 4 bedrooms, 3.75 bathrooms, roughly 2,751 living square feet, and sits on an approximately 17,870 square foot lot. 209 N Monterey St was first listed on ArdentRealEstateGroup.com on March 25, 2024. The homeowner is currently asking $4,680,000. The median priced home in Alhambra is $899,000 with a median price per square foot of $640. Based on Ardent Real Estate Group's Alhambra Market Data, this home is listed 420.58% higher than the median priced home. Local competing homes currently for sale include 2320 Glendale Blvd, 2512 Berkeley Ave and 2506 W Sunset Blvd. While the average home in Alhambra, CA is selling in 48 days, 209 N Monterey St has a days on market of 64 days. There are currently 79 homes for sale in the Alhambra real estate market and 43 of them are single family homes while 20 of them are condos and 16 are townhomes. For more information on this home for sale at 209 N Monterey St Alhambra, CA 91801 contact Ardent Real Estate Group and we will put you in touch with one of our Alhambra agents.

Public Facts for 209 N Monterey St

Public county record property details
Beds
4
Baths
3
Year built
1910
Sq. Ft.
2,751
Lot Size
17,940
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,7
APN
5337-022-030

The source for these homes facts are from public records.

91801 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$888,888
Median List Price/Sq.Ft.
$631
Median Sold Price
$888,000
Median Sold Price/Sq.Ft.
$633
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
18
Loan Type
Conventional (38.46%), FHA (0%), VA (0%), Cash (30.77%), Other (23.08%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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