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.
Property Details
Property Features
Property Information:
Year Built: 1910
Stories: 2
Listing Office:
Office Name: IRN Realty
Office Phone: (626) 367-7887
Listing Agent: Linda Yang
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 3 spaces
Lot Features
Lot Information:
Lot Size: 0.41 Acres
School Info
Assigned Schools Information:
San Gabriel High School, Public District Grades 9-12
Granada Elementary School, Public District Grades KG-8
Other
Directions Information:
Directions: West and North of Chapel ave and Main St.
Price Information
Listing Price Info
Price Summary:
List Price: $4,680,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Alhambra, CA.
This property is $3.8M more than the Median Sold Price in Alhambra, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #AR24057107
Listing Office:
Office Name: IRN Realty
Office Phone: (626) 367-7887
Listing Agent: Linda Yang
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/3/2024, 4:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$23.4K
Per Month
Principal & Interest
$23.3K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$14K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
4
/10
Granada Elementary School
100 S Granada Ave
Distance between this listing and this school0.53 miles
Public District Grades KG-8
High School
7
/10
San Gabriel High School
801 S Ramona St
Distance between this listing and this school1.01 miles
Public District Grades 9-12
Nearby Schools
7
/10
Coolidge Elementary School
421 N Mission Dr
Distance between this listing and this school1.10 miles
Public District Grades KG-5
9
/10
Marengo Elementary School
1400 Marengo Ave
Distance between this listing and this school1.39 miles
Public District Grades KG-5
7
/10
Washington Elementary School
300 N San Marino Ave
Distance between this listing and this school1.41 miles
Public District Grades KG-5
Assigned Schools
4
/10
Granada Elementary School
100 S Granada Ave
Distance between this listing and this school0.53 miles
Public District Grades KG-8
Nearby Schools
7
/10
Garfield Elementary School
110 W Mclean St
Distance between this listing and this school0.46 miles
Public District Grades KG-8
6
/10
William Northrup Elementary School
409 S Atlantic Blvd
Distance between this listing and this school0.97 miles
Public District Grades KG-8
Assigned Schools
7
/10
San Gabriel High School
801 S Ramona St
Distance between this listing and this school1.01 miles
Public District Grades 9-12
Nearby Schools
8
/10
Alhambra High School
101 S 2nd St
Distance between this listing and this school0.41 miles
Public District Grades 9-12
9
/10
South Pasadena Senior High School
1401 Fremont Ave
Distance between this listing and this school1.78 miles
The neighbors living near this home have an average income of $37,308. The majority of Alhambra, CA residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 209 N Monterey St in Alhambra, CA and zip code 91801 in the The San Gabriel Valley neighborhood. This home, which was built in 1910, sits on a 0.41 acre lot. It has been listed on Rocket Homes since March 25, 2024 and is currently priced at $4,680,000.
Alhambra, CA housing market in April 2024 saw over 16 listings sold above listed price, more than 2 sold at listed price and over 4 sold below. The number of listings in Alhambra, CA increased by 20% between March 2024 and April 2024. In April 2024, listings were on the market for 14 days. During the same period, the median list price in this real estate market was $842,500.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Major League Soccer (MLS)
Major League Soccer (MLS)
Art Museums
Music Concerts
Banana Republic
Bloomingdales
H&M
Jack In The Box
Starbucks
Chipotle
Toyota
Audi
Volkswagen
Jazz
News
Rhythmic Contemporary Hits