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$ 1,850,000
$ 1,850,000
Est. payment /mo
Sold on 02/02/2026
215 N Alhambra AVE Monterey Park, CA 91755
12 Beds
9 Baths
5,767 SqFt
UPDATED:
Key Details
Sold Price $1,850,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 5,767 sqft
Price per Sqft $320
MLS Listing ID 25629057
Bedrooms 12
Year Built 1953
Lot Size 0.386 Acres
Property Description
We are pleased to present a six-unit, single-story apartment complex in a prime Monterey Park location. The property sits on a 16,833-square-foot R3-zoned lot, offering both current income and future redevelopment potential. The asset consists of three single-story duplexes. The front duplex includes a three-bedroom, three-bath front unit and a two-bedroom, one-bath rear unit. The three-bedroom unit is currently configured and leased to three separate tenants as a 1-bedroom/1-bath ($1,200), 2-bedroom/1-bath ($1,850), and studio ($965).The middle duplex, comprised of a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, sustained significant fire damage and will require substantial reconstruction. Rents shown assume the units are rebuilt and leased at market rates. The third duplex features two 2-bedroom/1-bath units and a shared on-site laundry room. The property offers 13 on-site parking spaces, including three two-car garages and six open surface spaces, providing strong parking for the submarket. Located just blocks from the Garvey and Garfield Avenue corridors and a short distance from Downtown Monterey Park, the property benefits from convenient access to retail, dining, and neighborhood amenities. The site also presents potential redevelopment opportunities, including PUDs, townhomes, or condominiums, subject to zoning and municipal approvals. Buyer to conduct their own due diligence to verify development feasibility and allowable uses.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR3YY
Exterior
Parking Features Assigned, Door-Multi, Garage
Building
Story 1
Sewer Other
New Construction No
Others
Special Listing Condition Standard
Listed by Benjamin J. Hsiang Realty Investment Advisors, Inc. #01438644
Bought with VIVIAN CHEN GOLD COAST CAPITAL INVESTMENT
Bought with VIVIAN CHEN GOLD COAST CAPITAL INVESTMENT
NEARBY SCHOOL & BUSINESS