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$ 3,960,000
Est. payment | /mo
0.41 Acres Lot
$ 3,960,000
Est. payment | /mo
0.41 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26023820
HOA Y/N No
Year Built 1910
Lot Size 0.410 Acres
Property Sub-Type Triplex
Property Description
Attention builders and investors, this is a rare opportunity to acquire an expansive lot of nearly 18,000 square feet in a prime downtown Alhambra location with exceptional future upside. THE PROPERTY IS LOCATED IN A RESIDENTIAL HIGH-DENSITY ZONE, ALLOWING THE POTENTIAL DEVELOPMENT OF UP TO 64 UNITS PER ACRE, UP TO 75 FEET IN HEIGHT, AND UP TO 6 STORIES (BUYER TO VERIFY).Ideally situated within walking distance to the Edwards Theater, restaurants, and shops along downtown Alhambra's main street, the property offers both urban convenience and a peaceful neighborhood setting. Enjoy easy access to the 10 Freeway, Costco, and Home Depot.
This gated community currently features two buildings with three total units, providing immediate rental income. Front house (209 Monterey): 2 bedrooms, 1 bathroom. Rear building (209½ Monterey): Two units, each with 1 bedroom and 1 bathroom. All three units were recently upgraded in 2026 and vacant for sale, making this a solid lease-now, build-later investment.
Buyers are advised to verify zoning, development potential, and building requirements with the Alhambra Community Development Department or appropriate agencies.Motivated seller. Don't miss this exceptional opportunity to secure a high-density development site in one of Alhambra's most desirable locations.
This gated community currently features two buildings with three total units, providing immediate rental income. Front house (209 Monterey): 2 bedrooms, 1 bathroom. Rear building (209½ Monterey): Two units, each with 1 bedroom and 1 bathroom. All three units were recently upgraded in 2026 and vacant for sale, making this a solid lease-now, build-later investment.
Buyers are advised to verify zoning, development potential, and building requirements with the Alhambra Community Development Department or appropriate agencies.Motivated seller. Don't miss this exceptional opportunity to secure a high-density development site in one of Alhambra's most desirable locations.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Zoning ALRPD*
Interior
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Suburban
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5337022030
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Linda Yang IRN Realty 626-367-7887, DRE #01911223
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