Linda Yang
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.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1064816933 | 1 | 1 | 1 | 0 |
2 | 1064816933 | 2 | 1 | 1 | 0 |
3 | 1064816933 | 1 | 2 | 1 | 0 |
Water Source : Public
Sewer : Public Sewer
Year Built: 1910
Building Area Total: 2,751
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.4102
Lot Size Source: Assessor
Lot Size Square Feet: 17870
Original List Price: 4,680,000
Listing Contract Date: 2024-03-24
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5337022030
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 601 - Alhambra
Postal Code Plus 4: 2564
Directions: West and North of Chapel ave and Main St.
Zoning: ALRPD*
Source Property Type: Residential Income
Area: 601 - Alhambra
Property SubType: Triplex
Property Age: 114
Common Walls: 2+ Common Walls
Structure Type: Triplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: Ground
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
437 S 1st Street, Alhambra, CA,91801 | $1,950,000 | 7 | 7 | 3,662 | 7499 Sqft |
989 E Beacon Street, Alhambra, CA,91801 | $530,000 | -- | -- | -- | 8400 Sqft |
1121 N Hidalgo Avenue, Alhambra, CA,91801 | $2,720,000 | 4 | 3 | 3,676 | 9268 Sqft |
1904 Pepper Street, Alhambra, CA,91801 | $1,888,000 | -- | -- | 3,440 | 8298 Sqft |
200 206 Elgin Street, Alhambra, CA,91801 | $3,499,999 | 16 | 12 | 7,424 | 6413 Sqft |
112 N Huntington Drive, Alhambra, CA,91801 | $2,450,000 | -- | -- | 3,784 | 10574 Sqft |
420 S 6th Street, Alhambra, CA,91801 | $824,999 | 3 | 2 | 1,496 | 7934 Sqft |
214 N Bushnell Avenue, Alhambra, CA,91801 | $1,599,000 | 4 | 4 | 3,516 | 7614 Sqft |
833 S Sierra Vista Avenue, Alhambra, CA,91801 | $968,000 | 4 | 2 | 1,415 | 5600 Sqft |
204 Palatine Drive, Alhambra, CA,91801 | $600,000 | -- | -- | -- | 7035 Sqft |
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ByOwner last updated this listing 05/31/2024 @ 12:04
MLS: AR24057107
LISTED BY: Linda Yang, IRN Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.