$3,900,000
-$60,000209 N Monterey Street, Alhambra CA 91801
Multi-Family (Triplex)
Property type
118 days
On market
$1,418
Price per sqft
3 cars
Garage
1910
Year built
17,870 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Linda Yang DRE #01911223, IRN Realty
Listing updated: Apr 29, 2026 at 10:23pm.
Last checked: Jun 13, 2026 at 12:31am
Source: CRMLS #AR26023820
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 1 | $2,400 | $2,400 | $3,000 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,300 | $1,300 | $1,700 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,300 | $1,300 | $1,700 | Unfurnished |
# of Buildings: 2
# of Units Total: 3
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 2
Rent Control: Yes
Units Leased: 1
Total Actual Rent: $2,400
Financial Snapshot
Gross Rent Multiplier
65.0x
List Price / Annual Gross Rent
Cap Rate
1.36%
NOI / List Price
Gross Scheduled Income: $60,000
Operating Expense: $7,000
Net Operating Income: $53,000
Annual Operating Expenses
Electric: $0
Gardener: $2,400
Fuel: $0
Insurance: $1,500
Maintenance: $3,100
Trash: $0
Water / Sewer: $0
Interior
Laundry: Common Area, Laundry Room
Entry Location: Ground
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 3
Parking Total: 3
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5337022030
Additional Parcels: No
Tax Lot: 7
Zoning: ALRPD*
Tax Block: A
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban