$4,680,000 Price Analysis   ♡   Alhambra, CA 91801 4 bed 4 bath 2,751 SqFt ($1701/SqFt) 0.41 acre lot. Built 1910 Listed 2024-03-25, Taxes $26,895 | Ⓧ USDA Ineligible due to price & location near Alhambra |
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 t 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 Alhambralease 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.
Presented by Linda Yang at
Irn Realty.
Property MLS #AR24057107 from CRMLS
Lot Size Acres: 0.4102
Lot Size Source: Assessor
Lot Size Square Feet: 17870
Parking Total: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Gardener Expense: 2400.00
Maintenance Expense: 3100.00
Rent Control: Yes
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1500.00
Area: 601 - Alhambra
Source Neighborhood: 601 - Alhambra
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 2
Parcel Number: 5337022030
Postal Code Plus 4: 2564
Zoning: ALRPD
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $798,689 + $1,463,405 $2,262,094 | $26,895 |
| 2021 | $783,029 + $1,434,711 $2,217,740 | $26,626 |
| 2020 | $790,500 + $1,448,400 $2,238,900 | $26,485 |
| 2019 | $775,000 + $1,420,000 $2,195,000 | $26,157 |
| 2018 | $2,086 + $101,374 $103,460 | $2,167 |
| 2017 | $2,046 + $99,387 $101,433 | $2,054 |
| 2016 | $2,006 + $97,439 $99,445 | $1,926 |
| 2015 | $1,976 + $95,976 $97,952 | $1,903 |
| 2014 | $1,938 + $94,096 $96,034 | $1,907 |
| 2013 | $1,930 + $93,671 $95,601 | $1,902 |
| 2012 | $1,893 + $91,835 $93,728 | $1,881 |
| 2010 | $1,856 + $90,035 $91,891 | $1,822 |
| 2009 | $1,848 + $89,576 $91,424 | $1,774 |
| 2009 | $1,843 + $89,363 $91,206 | $1,774 |
| 2008 | $1,812 + $87,820 $89,632 | $1,724 |
| 2007 | $1,777 + $86,099 $87,876 | $1,678 |
$4,680,000
CRMLS
Listing removed 2024-01-20
$0
CRMLS
Listed 2023-10-30
$3,190,000
CRMLS
Listing removed 2019-10-03
$2,400
CRMLS
Listing removed 2019-10-03
$2,600
CRMLS
Listed for rent 2019-04-12
$2,400
CRMLS
Listed for rent 2019-04-12
$1,500
CRMLS
Sold 2018-12-28
$2,195,000
CRMLS
Listed 2018-11-08
$2,195,000
CRMLS
Sold 1982-03-26
$100,000
Public Record
Sold 1975-10-31
$49,000
Public Record
Year Built: 1910
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Ground
Property Age: 114
Property Attached: Yes
Building Total Stories: 2
Structure Type: Triplex
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.