Alhambra, CA 91801,903 N Monterey ST
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Alhambra, CA 91801,903 N Monterey ST
Alhambra, CA 91801,903 N Monterey ST
Alhambra, CA 91801,903 N Monterey ST

$2,385,000

Est. payment /mo

$2,000,000

19.3%
Est.Price: ?

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903 N Monterey ST Alhambra, CA 91801

8,472 Sqft Lot

SOLD DATE : 04/15/2024

Key Details

Sold Price $2,385,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS24049009

Sold Date 04/15/24

HOA Y/N No

Year Built 1989

Lot Size 8,472 Sqft

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.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Zoning ALRPD*

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description Walkstreet

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5322015074

Energy Description 431.0

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

Special Listing Condition Standard, Trust

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California Regional MLS (CRMLS)
Listed by ASHLEY TANG • HANDFORE REALTY CORP. • 626-636-5208
Bought with ARTHUR TANG • HANDFORE REALTY CORP.
agent

Dan McLemore

Agent | License ID: 02043167

+1(562) 534-1673

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