Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    209 N Monterey St Alhambra, CA 91801

    Sponsored
    For Sale
    $3,960,000

    Triplex - Alhambra, CA

    Type:Triplex
    Property size:
    2,751 SF
    Lot size:
    17,870.00 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 19 at 5:06 pm

    Property Features for 209 N Monterey St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    ALRPD*
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    5337022030
    Parking
    3
    Exterior features
    Community Features Included: Suburban, Lot 10000-19999 Sqft
    Size
    2,751 SF
    Lot size
    17,870.00 Acres

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Linda Yang

    IRN Realty (626) 447-5100

    Listing agent Linda Yang (626) 447-5100 License #01911223

    Listing date Feb 18, 2026

    MLS# AR26023820 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Expansive Lot in Downtown Alhambra

    This expansive lot, nearly 18,000 square feet, is located in downtown Alhambra. The property is in a residential high-density zone, allowing construction of up to 64 units per acre with a height of up to 75 feet and up to 6 stories. The location offers walking distance convenience to the Edwards movie theater, numerous restaurants, and shops along the main street of downtown Alhambra, while being situated in a peaceful neighborhood. It also provides easy access to the 10 Freeway, Costco, and Home Depot. Currently, the site hosts two buildings. The front house at 209 Monterey features 2 bedrooms and 1 bathroom, while the back house, labeled 209 1/2, contains two units, each with 1 bedroom and 1 bathroom. Both are occupied by tenants. The property is approximately 0.41 acres and contains 2,751 square feet of building area. This property presents a development opportunity in Alhambra.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alhambra
    County
    Los Angeles
    State
    California
    Longitude
    -118.126144
    Latitude
    34.098244

    Nearby Similar for Sale

    • $6,500,000
      15,029 SF

      Alhambra Commercial Kitchen and Warehouse

      Turnkey office, warehouse, and central kitchen facility in Alhambra.
      429 S Palm Ave, Alhambra, CA 91803
      View Details
    • $960,000
      1,720 SF

      Charming 1923 Alhambra Duplex

      Refreshed Spanish-style duplex with modern updates in Alhambra.
      208 N Fremont Ave, Alhambra, CA 91801
      View Details
    • $1,580,000
      Pending

      Alhambra Triplex with Expansion Potential

      Well-located Alhambra triplex with income and future upside.
      2204 Orange Grove Ave, Alhambra, CA 91803
      View Details
    • $1,850,000
      6,050 SF

      Alhambra Commercial Investment Opportunity

      Fully occupied commercial property in Alhambra with strong income potential.
      2428 W Valley Blvd, Alhambra, CA 91803
      View Details
    • $265,000

      Turnkey Restaurant Opportunity in Alhambra

      Profitable tea bar franchise available for sale in Alhambra.
      349 E Main St, Alhambra, CA 91801
      View Details
    • $1,799,000
      4,422 SF

      Alhambra 5-Unit Investment Opportunity

      Five-unit income property in a desirable Alhambra location.
      1342 Edgewood Dr, Alhambra, CA 91803
      View Details
    • $1,788,888
      Pending

      Alhambra 5-Unit Townhome Apartments

      Well-maintained 5-unit apartment building in a high-demand rental market.
      15 E Beacon St, Alhambra, CA 91801
      View Details
    • $1,099,000
      2,692 SF

      Charming Alhambra Triplex with Upside

      Spanish-style triplex in Alhambra with income potential.
      1343 Edgewood Dr, Alhambra, CA 91803
      View Details
    • $698,000
      1,250 SF

      Alhambra Commercial Property For Sale

      Commercial property in Alhambra, CA, suitable for investment or owner-users.
      2410 W Valley Blvd, Alhambra, CA 91803
      View Details
    • $200,000

      Turnkey Restaurant in Alhambra

      Well-established restaurant for sale in Alhambra, CA.
      11 W Main St, Alhambra, CA 91801
      View Details
    • $65,000

      Established Mexican Restaurant Opportunity

      Profitable Mexican restaurant with fixtures and equipment in Alhambra, CA.
      2620 W Valley Blvd, Alhambra, CA 91803
      View Details
    • $1,599,500
      3,929 SF

      Alhambra Multifamily Residence For Sale

      Well-maintained 4-unit multifamily property in prime North Alhambra location.
      1111 Alhambra Rd, Alhambra, CA 91801
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large lot near downtown Alhambra with development potential.
    Where is this residential land & home lot located?
    The property is located at 209 N Monterey St Alhambra, CA.
    What is the asking price?
    The asking price for this property is $3,960,000.
    What are key features of this property?
    This property features: - High-Density Residential Zoning: Allows up to 64 units per acre, 75 feet, and 6 stories.; - Large Lot Size: Nearly 18,000 square feet offering significant development potential.; - Prime Downtown Alhambra Location: Walk to the Edwards movie theater, restaurants, and shops.
    (626) 447-5100
    Request Owner's contact information
    209 N Monterey St Alhambra, CA 91801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    209 N Monterey St
    Alhambra, CA 91801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 N Monterey St Alhambra, CA 91801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Linda Yang
    Real Estate License ID: 01911223
    (626) 447-5100 (626) 367-7887
    Learn more
    Google sign-in failed. Please try again or use another login method.