333 N Alhambra Avenue Unique corner property in Monterey Park currently operating as a school with strong adaptive reuse and redevelopment potential. Rare value add opportunity on a prominent corner parcel in Monterey Park. Currently licensed and operating as a school, this well situated property offers immediate usability with significant repositioning and development potential. Situated on an approximately 8, 000 plus square foot lot, the property features a single story structure with multiple classroom areas, open activity space, administrative areas, and generous outdoor yard space. The large paved rear yard provides excellent flexibility for parking, expansion, or reconfiguration. The corner location enhances accessibility, visibility, and overall functionality of the site. Zoned residential, buyer to verify specific use and density with the City of Monterey Park, the property presents multiple potential uses including continuation of educational operations, repositioning to a board and care facility, sober living or group living configuration, residential income conversion, or exploration of additional unit development consistent with R-3 zoning standards. The existing improvements allow for adaptive reuse while also providing the option to redevelop to higher density subject to city approval. The flat lot, dual street exposure, and deep rear yard make the parcel particularly attractive for investors seeking to maximize site efficiency. Monterey Park remains one of the most supply constrained housing markets in the San Gabriel Valley with strong demand drivers and limited infill inventory. Opportunities with this level of flexibility, lot size, and corner positioning rarely come available. Ideal for owner users, care facility operators, housing providers, or developers seeking long term upside in a high demand market. Buyer to conduct their own due diligence regarding zoning, density, licensing requirements, and permitted uses.