$3,960,000

209 N Monterey St Alhambra, CA 91801

Downtown Alhambra Neighborhood

Estimated payment $22,957/month

4 Beds
3 Baths
2,751 Sq Ft
$1,439 Price per Sq Ft

Highlights

  • 0.41 Acre Lot
  • No HOA
  • 4-minute walk to Story Park
  • San Gabriel High School Rated A-
  • Laundry Room

About This Home

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 (2091⁄2 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.

Listing Agent

Linda Yang

IRN Realty Brokerage Phone: 626-367-7887 License #01911223 Listed on: 02/18/2026

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.41 Acre Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,751 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 7 / A
  • Tax Tract Number 4803
  • Assessor Parcel Number 5337022030

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $2,400
  • Insurance Expense $1,500
  • Maintenance Expense $3,100
  • Operating Expense $7,000
  • Gross Income $53,000
  • Net Operating Income $53,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: ALRPD*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 5337022030
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 1439.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17870.00
  • Lot Size Acres: 0.4102

Multi Family

  • Gross Income: 53000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 17870.0000 Square Feet
  • Maintenance Expense: 3100.00
  • Net Operating Income: 53000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 7000.00
  • Rent Control: Yes
  • Total Actual Rent: 2400.00
  • Total Expenses: 7000.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 4803.02
  • Tax Lot: 7
  • Tax Tract Number: 4803.02

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,724 $2,400,550 $1,552,976 $847,574
2024 $28,724 $2,353,481 $1,522,526 $830,955
2023 $28,288 $2,307,335 $1,492,673 $814,662
2022 $26,895 $2,262,094 $1,463,405 $798,689
2021 $26,626 $2,217,740 $1,434,711 $783,029
2020 $26,485 $2,238,900 $1,448,400 $790,500
2019 $26,158 $2,195,000 $1,420,000 $775,000
2018 $2,168 $103,460 $101,374 $2,086
2016 $1,926 $99,445 $97,439 $2,006
2015 $1,903 $97,952 $95,976 $1,976
2014 $1,908 $96,034 $94,096 $1,938
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2026 02/18/26 For Sale $3,960,000 0.0% $1,439 / Sq Ft
05/02/2019 05/02/19 Rented $2,400 0.0% --
04/12/2019 04/12/19 For Rent $2,400 0.0% --
12/28/2018 12/28/18 Sold $2,195,000 0.0% $798 / Sq Ft View Prior Sale
12/04/2018 12/04/18 Pending -- -- --
11/08/2018 11/08/18 For Sale $2,195,000 -- $798 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Accommodation
Grant Deed $2,195,000 Fidelity National Title Guar
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR26023820

California Regional Multiple Listing Service (CRMLS)

APN: 5337-022-030

California Los Angeles County Alhambra 91801 Downtown Alhambra

209 N Monterey St, Alhambra, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Linda Yang
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IRN Realty
(626) 550-2136
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