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About This Home

This 4-bedroom, 3-bathroom multi-family at 209 N Monterey Street in Alhambra, CA is listed for $3,900,000 ($1,418 per sqft). Built in 1910, the home offers 2,751 sqft of living space on a 0.41 acres lot.

Agent Description

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.

Key Features

  • Built in 1910
  • 0.41 acre lot
  • 2 stories
  • 3 parking spaces

Property Details

2 stories
2 full
3 spaces
1910

Monthly Cost Estimate

$20,858/mo

20% down · 6.5% · 30 years

Principal$2,821
Interest$16,900
Insurance$1,138

Estimates only. Actual payments may vary.

Location

209 N Monterey Street

Alhambra, CA 91801

Features & Amenities

Exterior Features

Community Features Included: SuburbanLot 10000-19999 Sqft

Questions & Answers

This 4-bedroom, 3-bathroom multi-family at 209 N Monterey Street is listed at $3,900,000 ($1,418/sqft). The estimated monthly payment is $16,900 based on 20% down at 6.5% interest.

Key features include: Built in 1910, 0.41 acre lot, 2 stories, 3 parking spaces. Exterior Features: Community Features Included: Suburban, Lot 10000-19999 Sqft.

This property is listed by Linda Yang and can be reached at 6263677887 or lindayangrealtorla@gmail.com.

LY

Linda Yang

Agent at IRN Realty

(626) 367-7887

Listed by IRN Realty · View on Broker Site

MLS# AR26023820· Source: listhub· Updated 103 days ago

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

209 N Monterey Street, Alhambra, CA 91801

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