209 N Monterey Street, Alhambra, CA 91801
209 N Monterey Street, Alhambra, CA 91801
209 N Monterey Street, Alhambra, CA 91801
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Margaret DeLao

Margaret DeLao

+1(858) 229-8016
$3,960,000
Est. payment /mo
4 Beds
3 Baths
0.41 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26023820

Bedrooms 4

Lot Size 0.410 Acres

Property Sub-Type Res Income 2-4 Units

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 Alhambras 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 (209 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. Dont miss this exceptional opportunity to secure a high-density development site in one of Alhambras most desirable locations.

Location

State CA

County Los Angeles

Zoning Assessor

Direction West and North of Chapel ave and Main St.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5337022030

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MLS Router / San Diego MLS
Listed by Linda Yang, DRE#01911223 IRN Realty 

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Margaret DeLao

Margaret DeLao

+1(858) 229-8016

Realtor | License ID: 01377428

Realtor License ID: 01377428

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