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903 N Monterey Street, Alhambra, CA 91801
$2,385,000
903 N Monterey Street, Alhambra, CA 91801View this property at 903 N Monterey Street, Alhambra, CA 91801
903 N Monterey StreetAlhambraCA91801
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Property Description
A very well located and maintained property in the City of North Alhambra. The property has been in the same ownership since 1987 (37 years ownership - current owner are the heirs); thus presents a rare opportunity for the right buyer to acquire this beautifully located property in North Alhambra with attractive going in CAP Rate. This property comprises five individual condo style-like units, each offering its own unique features and comfortable living spaces. With a combination of versatile layouts, convenient amenities, and a prime location, this property is a rare find in the market. Building is in immaculate condition and very well kept. Each unit consists of 2 beds and 1.5 baths, central heating and air, and a detached automatic two car garage. There is no local rent control which allows maximum rent increase under AB1482 (CPI + 5% = 10% maximum increase). All current tenants are on a month-to-month agreement which translates to significant rental upside. It is situated on a quiet residential street in Alhambra, and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target, H-Mart), Lacy Park, In N Out, schools, churches, downtown Alhambra on Main Street and Huntington Drive, and easy access to FWY 10 and FWY 110 via Fremont Ave. There is a shared laundry offering additional income. The building is separately metered for electricity and gas.
Full Property Details
Full Property Details for 903 N Monterey St
General
- Sold For: $2,385,000
- Status: Closed
- Type: Multi-Family
- MLS ID: WS24049009
- Added to Site: 61 day(s) ago
Rooms
Other Rooms
- Laundry: Community, Individual Room
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 5
Location
- Area: 601 - Alhambra
- County: Los Angeles
- Development Name: 601 - Alhambra
- Driving Directions: Cross streets are E. McLean Street & Pine Street
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Entry Location: Front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 5,300
- Year Built: 1989
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 5
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1945
- Lot Size Source: Assessor
- Zoning: ALRPD*
- Lot Description: Walking Street
Financial Considerations
- Price Per Sq. Ft.: $450
- Price Per Unit: 400000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Handfore Realty Corp., ASHLEY TANG
Sold by Handfore Realty Corp., ARTHUR TANG
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Schools
Schools serving 903 N Monterey St
School District:Alhambra Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
110 W McLean St, Alhambra, CA 91801 | K-8 | 0.2 mi | |
101 S 2nd St, Alhambra, CA 91801 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 903 N Monterey St
Date
Details
Price
Change
Source
4/15/2024
Sold
$2,385,000
19.25%
MLS
3/11/2024
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
903 N Monterey Street, Alhambra, CA 91801 (MLS# WS24049009) is a Multi-Family property that was sold at $2,385,000 on April 15, 2024. Want to learn more about 903 N Monterey Street? Do you have questions about finding other Multi-Family real estate for sale in Alhambra? You can browse all Alhambra real estate or contact a Coldwell Banker agent to request more information.