Monterey Park, CA 91755,215 N Alhambra Ave
Monterey Park, CA 91755,215 N Alhambra Ave
Monterey Park, CA 91755,215 N Alhambra Ave
53
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$1,850,000
Est. payment /mo
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12 Beds
9 Baths
5,767 SqFt
Active

215 N Alhambra Ave Monterey Park, CA 91755

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,767 sqft

Price per Sqft $320

MLS Listing ID 25629057

Bedrooms 12

Construction Status Repairs Major

Year Built 1953

Lot Size 0.386 Acres

Acres 0.3865

Property Sub-Type Multi-Family

Property Description

We are pleased to present a six-unit, single-story apartment complex in a prime Monterey Park location. The property sits on a 16,833-square-foot R3-zoned lot, offering both current income and future redevelopment potential. The asset consists of three single-story duplexes. The front duplex includes a three-bedroom, three-bath front unit and a two-bedroom, one-bath rear unit. The three-bedroom unit is currently configured and leased to three separate tenants as a 1-bedroom/1-bath ($1,200), 2-bedroom/2-bath ($1,850), and studio ($965).The middle duplex, comprised of a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, sustained significant fire damage and will require substantial reconstruction. Rents shown assume the units are rebuilt and leased at market rates. The third duplex features two 2-bedroom/1-bath units and a shared on-site laundry room. The property offers 13 on-site parking spaces, including three two-car garages and six open surface spaces, providing strong parking for the submarket. Located just blocks from the Garvey and Garfield Avenue corridors and a short distance from Downtown Monterey Park, the property benefits from convenient access to retail, dining, and neighborhood amenities. The site also presents potential redevelopment opportunities, including PUDs, townhomes, or condominiums, subject to zoning and municipal approvals. Buyer to conduct their own due diligence to verify development feasibility and allowable uses.

Location

State CA

County Los Angeles

Area Monterey Park

Zoning MPR3YY

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Garage - 2 Car, Assigned

Garage Spaces 13.0

Building

Story 1

Sewer In Street

Water Public

Level or Stories One

Construction Status Repairs Major

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Realty Investment Advisors, Inc.

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June Stark

June Stark

The Wizard | RE.BS 4430

+1(702) 376-5220

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215 N Alhambra Ave