232 N Alhambra Avenue Monterey Park, CA
$ 2,100,000
Property Attributes
  • MLS#21792582
  • TypePending
  • CityMonterey Park
  • AreaMonterey Park
  • Zip91755
  • Style
  • Price$ 2,100,000
  • Bedrooms12
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage6574
  • Lot Size9,602 SqFt
Listing Provided Courtesy Of:
Edward Pan with Colliers International Greater Los Angel - 626-720-7698
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

The Pacific Partners of Colliers International are pleased to present for sale this 6-Unit multi-family apartment building located at 232 N. Alhambra Ave., Monterey Park CA 91755. The property is 1 block north of Monterey Parks Garvey Avenue retail corridor, in a quiet residential neighborhood. It consists of one two-story building with front yard and parking/storage in the rear. The building totals 6,574 rentable square feet situated on an approximately 9,601 square foot rectangular lot. Originally built in 1963, this well-maintained multi-family asset has a unit mix of (one) 1-bedroom/1-bathroom, (three) 2-bedroom/1-bathroom, (one) 2-bedroom/2-bathroom, and (one) 3-bedroom/2-bathroom+Den. Rental rates at this property are approximately 25% below market rate. The property has the potential to achieve over 4.5% CAP rate with updated market rents in a desirable SoCal location. Amenities include front yard, on-site parking, and storage in the rear of the property. There is a laundry room on-site currently generating additional income. In addition, the building exterior and laundry room were recently painted with great curb appeal. This apartment is conveniently located within short walking distance to distinguished Mark Keppel High School and Monterey Vista Elementary, both scored 9 out of 10 on The property is located near 10 freeway in a quiet residential neighborhood and adjacent to the multitude of residential amenities of nearby shopping centers and public services. Drive-by only, do not contact tenants. Make offer subject to inspection.

Price History
10/8/2021 Listed $2,100,000

General Features

Appliances Dryer, Washer
Carport Y/N Yes
Heating None
Listing Agent Edward Pan - BRE#01894476
Listing Agent State License 01894476
Lot Size Square Feet 9602
MLS Area 641 - Monterey Park
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Pending
Total Units 6
Zoning MPR3YY

Exterior Features

Lot Size Acres 0.22
Lot Size Area 9602
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Carport
Total Parking 9


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 91755

AVG $1.01M
AVG 25
Year Built
AVG 1964
AVG 66
Data Provided by Walkscore ® not using MLS data

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