Sold for $1,600,000

Listed by: ReMax 2000 Realty • Nancy Liu • Contact: 626-688-9181

Bought with: Re/Max Premier Prop Arcadia

$1,600,000

338 N Monterey St, Alhambra, CA 91801

8beds

8baths

5,532sqft

Multi Family

Built in 1972

-- sqft lot

$1,563,400 Zestimate^®

$289/sqft

$2,690 Estimated rent

Home value

$1,563,400

$1.42M - $1.74M

$2,690/mo

Zestimate^® history

Owner options

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$2,690/mo

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$2,690/mo

Rent Zestimate^®

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$10,119/mo

Est. payment

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$10,119/mo

Est. payment

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What's special

Located in the heart of Alhambra, this exceptional 5-unit property presents an ideal investment with great potential for appreciation. 4 of the 5 units are leased, ensuring immediate cash flow for the new owner. The 5th unit available to be leased out in a 2 bedroom / 2bathroom. Situated in a highly convenient location, tenants enjoy close proximity to shopping, dining, entertainment, and major transportation routes, making it a highly desirable area for renters. Whether you’re a seasoned investor or looking to expand your portfolio, this property offers both stability and long-term growth potential with long-time established tenants. Don’t miss out on this rare opportunity in one of Alhambra’s most sought-after locations!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 5,532
Total interior livable area: 5,532 sqft

Property

Parking

Total spaces: 10
Parking features: Assigned, Carport
Carport spaces: 2

Features

Levels: Two
Stories: 2
Entry location: street level
Pool features: None
Spa features: None
Has view: Yes
View description: None

Lot

Size: 7,928 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 5337004002
Zoning: ALRPD*
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1972

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks

Location

Region: Alhambra

Financial & listing details

Price per square foot: $289/sqft
Date on market: 9/20/2024
Cumulative days on market: 7 days
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan
Total actual rent: 47071
Tenant pays: All Utilities

Price history

Date	Event	Price
10/23/2024	Sold	$1,600,000+14.4%$289/sqft
Source: CRMLS #TR24195625 Report a problem
9/27/2024	Pending sale	$1,398,000$253/sqft
Source: CRMLS #TR24195625 Report a problem
9/20/2024	Listed for sale	$1,398,000$253/sqft
Source: CRMLS #TR24195625 Report a problem