$2,900,000
34.09899 -118.12712
FOR SALE

315 N Monterey Street Alhambra, CA 91801

$2,900,000
Est. Monthly $12,677 recalculate
 

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Covina, CA 91723
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626.­859.3988
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315 N Monterey Street
Alhambra, CA 91801

Explore This Property

Single Family Attached - 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.
MLS # AR17129633
Courtesy Of Coldwell Banker Dynasty

Property Features

  • Style: Other Style

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $12,677Your estimated monthly payment
    $580,00020% Down Payment
    $2,900,000 $2,610,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    GARFIELD ELEMENTARY SCHOOL
    Grades K-8 | Public School

    ALHAMBRA, CA 91801
    110 W MCLEAN ST
    626-308-2415
    0.4
    miles

    Total Students 650
    Student Teacher Ratio 26:1

    School Rating

    4 stars View School Details
    Middle School
    GARFIELD ELEMENTARY SCHOOL
    Grades K-8 | Public School

    ALHAMBRA, CA 91801
    110 W MCLEAN ST
    626-308-2415
    0.4
    miles

    Total Students 650
    Student Teacher Ratio 26:1

    School Rating

    4 stars View School Details
    High School
    ALHAMBRA HIGH SCHOOL
    Grades 9-12 | Public School

    ALHAMBRA, CA 91801
    101 S 2ND ST
    626-308-2342
    0.4
    miles

    Total Students 2596
    Student Teacher Ratio 22:1

    School Rating

    4 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Leeway School 0.3 mi Private K-12
    Childrens Montessori 0.4 mi Private PRESCHOOL-K
    Granada Elementary School 0.6 mi Public K-8
    St. Therese School 0.7 mi Catholic K-8
    Foothill Preparatory School 0.8 mi Private 9-12
    Lily's Garden Preschool And Kindergarten 0.8 mi Private PRESCHOOL-K
    Park Elementary School 0.9 mi Public K-8
    All Souls Elementary School 0.9 mi Catholic PRESCHOOL-5
    Century High School 1.0 mi Public 9-12
    William Northrup Elementary School 1.0 mi Public K-8
    San Gabriel Mission Elementary School 1.0 mi Catholic PRESCHOOL-8
    Emmaus Lutheran 1.0 mi Private PRESCHOOL-8
    Martha Baldwin Elementary School 1.1 mi Public K-8
    Coolidge Elementary School 1.1 mi Public K-5
    Southwestern Academy 1.2 mi Private 6-12
    Independence High (alternative) School 1.2 mi Public 9-12
    San Gabriel High School 1.2 mi Public 9-12
    San Gabriel Mission High School 1.2 mi Catholic 9-12

    Local Area Information for Alhambra, CA 91801

    Median Age: 40.3
    Married: 37.1%
    Number of Households: 20,045
    Households with Children: 5,478
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.