Residential Income Details
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.
|Number of Units||5|
|Sub-Type||Single Family Residence|
|Listing Brokerage||Coldwell Banker Dynasty T.C.|
|Listing Agent||Fleming Chu|
|Listing Agent BRE #||01969750|
|Features||Balcony,Copper Plumbing Full,Crown Moldings|
|Appliances||Barbecue,Built In Range,Dishwasher,Garbage Disposal|
Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, November 15, 2017.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.
Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
Information from sources other than the Listing Agent may have been included in the MLS data.
Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.