315 N Monterey, Alhambra

$2,900,000
MLS: AR17129633

List Price: $2,900,000
MLS Number: AR17129633
Property Class: ResidentialIncome
315 N Monterey, Alhambra, 91801

Year Built: 1923
Square Footage: 22500
County: Los Angeles
Property Sub Type: Single Family Residence

Property 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 91801 The 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.

Year Built: 1923
Square Footage: 22500
CommonWalls: No Common Walls
Days On Market: 109
Levels: Two
Stories Total: 2
Lot Features: 11-15 Units/Acre,Lot 20000-39999 Sqft,Lot-Level/Flat,Park Nearby
Lot Size Area: 22500
Lot Size Dimensions: 150′ x 150′
Roof: Tile
Utilities: Phone Connected,Sewer Connected,Water Connected
VirtualTour: http://tour.circlepix.com/home2/JAM8GX/315-N-Monterey-Alhambra-CA-AR17129633
Water Source: Public
Zoning: ALRPD*
Number Of Units Total: 5

Appliances: Barbecue,Built In Range,Dishwasher,Garbage Disposal
Cooling: Central
Heating: Central Furnace
Pool Features: Private,In Ground,Filtered
Community Features: Curbs,Sidewalks
Interior Features: Balcony,Copper Plumbing Full,Crown Moldings
Garage Spaces: 6
ParkingFeatures: Driveway,Garage
Parking Total: 6
Parking YN: 1
Laundry Features: In Garage,In Kitchen

Room Type: Family Room,Formal Entry,Foyer,Kitchen,Laundry,Living Room,Main Floor Master Bedroom,Master Suite,Two Masters,Walk-In Closet

Directions: 2 Blocks North of Main St, 2 Blocks East of Garfield

This Listing is Courtesy of: Coldwell Banker Dynasty T.C.. This information is deemed reliable, but not guaranteed. The buyer is responsible for verifying all information. This information is provided for use by its members and is not intended for any other purpose. This information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is updated on a daily basis. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.