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315 N Monterey StreetAlhambra, CA 91801 0

$2,900,000
Multi-Family
Status: Contract Pending
  • Sqft:
  • MLS#: AR17129633
34.098991394042969-118.12712097167969
Courtesy Of Fleming Chu, Coldwell Banker Dynasty T.C.

Description:

Rare Investor/Developer Opportunity in fantastic location in North Alhambra! Unique listing for 3 adjacent parcels in a great neighborhood with huge potential.The address for the three individual lots (to be sold and packaged together) are: 305, 309, 315 N Monterey St., Alhambra CA 91801The total lot size is 22,500 sqft (Total Dimensions are 150' x 150').According to City planning, the City states all 3 lots are zoned R3 and up to 15 units can be built with subterranean parking. (Buyer to Verify)There are currently 5 units total on the property. 315 is a SFR and 305 and 309 are both duplexes. 305, 305 1/2, 309, and 311 are currently collecting $5624/month in rent (month to month contracts). 315 was completely remodeled in 2003 and is 2,643 sqft and should rent for around $3600. The buyer can collect around $9200 every month until the land is entitled and permits are obtained. All Rental agreements can be supplied upon request. The lots are walking distance to Downtown Alhambra with all the wonderful shops and restaurants along Main St, including Edwards Renaissance Movie Theater, Starbucks, Coldstones, Boiling Crab, etc. It is also walking distance to Story Park. Highly desirable location and huge demand for additional housing in this area.Submit your offers today. This one will not last.

Main Features:

Listing Status Contract Pending Year Built 1923
Garage 6.0 Floors 2
County Los Angeles Rental Price $0
Units 5 Zoning ALRPD*

Additional Features:

Accessibility Features Customized Wheelchair Accessible
Appliances Barbecue
Built In Range
Dishwasher
Garbage Disposal
Common Walls No Common Walls
Community Features Curbs
Sidewalks
Cooling Central
Flooring Carpet
Wood
Heating Central Furnace
Interior Features Balcony
Copper Plumbing Full
Crown Moldings
Land Size Source Assessor
Laundry In Garage
In Kitchen
Levels Two
Lot Features 11-15 Units/Acre
Lot 20000-39999 Sqft
Lot-Level/Flat
Park Nearby
Parking Driveway
Garage
Pool Features Filtered
In Ground
Private
Property Subtype Single Family Residence
Roof Tile
Rooms Family Room
Formal Entry
Foyer
Kitchen
Laundry
Living Room
Main Floor Master Bedroom
Master Suite
Two Masters
Walk-In Closet
Special Conditions Standard
Utilities Phone Connected
Sewer Connected
Water Connected
Water Source Public
Year Built Source Assessor

Extra Features:

CDOM 122 Gross Income 5644.00
Insurance Expense 1900.00 Lot Size Dimensions 150' x 150'
Lot Size Square Feet 22500.00 Net Operating Income 61548.00
Number of Buildings 5 Operating Expense 9480.00
Parking Spaces 6.00 Price Per SQFT 449.61
Tax ID 5337006019 Total Expenses 9480.00

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 2017 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.
Information deemed reliable but not guaranteed.
Copyright© 2017 California Regional Multiple Listing Service, Inc. All rights reserved.

Last Updated On: 12/13/2017 11:16:53 PM

315 N Monterey Street, Alhambra, CA 91801

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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 2017 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.
Information deemed reliable but not guaranteed.
Copyright© 2017 California Regional Multiple Listing Service, Inc. All rights reserved.

Last Updated On: 12/13/2017 11:16:53 PM

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