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Listed by CHUONG THAI • eXp Realty of California Inc
$1,088,000
Est. payment /mo
4 Beds
3 Baths
1,790 SqFt
Active
318 Palmetto Alhambra, CA 91801
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,790 sqft
Price per Sqft $607
MLS Listing ID WS-26084963
Bedrooms 4
Full Baths 2
Three Quarter Bath 1
Year Built 1923
Lot Size 6,242 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
NEW UPDATE 5/4/26! Exceptional investment or house-hack opportunity in the heart of Alhambra, now delivered 100% VACANT! This versatile dual address corner lot property features a spacious 3-bedroom, 2-bathroom front home (318 Palmetto Dr) and a charming 1-bedroom, 1-bathroom detached rear home (808 S 4th St). With both units delivered completely empty, you can move in or capture 2026 market rents immediately with no relocation fees, no rent control buyout delays, and no inherited tenancies. Both residences have been well maintained by long term tenants. The property features two distinct identities with private street addresses and independent utility meters (Gas/Electric).
Development Potential:
The property carries the prestigious ALRPD* (Residential Planned Development) designation, supporting high-density upside. The detached 2-car garage is a premier candidate for a 2026-compliant ADU conversion, offering a clear path to a high-yield 3-unit compound.
Location & Lifestyle:
Enjoy a Walk Score of 88, putting you just blocks from Downtown Alhambra's Main Street dining, coffee shops, and the Sunday Farmers Market. Everyday conveniences like Costco and Target are less than a mile away, and the property sits within the top-tier Martha Baldwin (K-8) and Alhambra High School boundaries. With effortless access to the 10 and 710 freeways, this is the ultimate clean slate for investors, developers, and owner occupants.
Development Potential:
The property carries the prestigious ALRPD* (Residential Planned Development) designation, supporting high-density upside. The detached 2-car garage is a premier candidate for a 2026-compliant ADU conversion, offering a clear path to a high-yield 3-unit compound.
Location & Lifestyle:
Enjoy a Walk Score of 88, putting you just blocks from Downtown Alhambra's Main Street dining, coffee shops, and the Sunday Farmers Market. Everyday conveniences like Costco and Target are less than a mile away, and the property sits within the top-tier Martha Baldwin (K-8) and Alhambra High School boundaries. With effortless access to the 10 and 710 freeways, this is the ultimate clean slate for investors, developers, and owner occupants.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Zoning ALRPD
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type See Remarks
Laundry Inside
Exterior
Parking Features Driveway
Garage Spaces 2.0
Pool None
Community Features Curbs, Sidewalks
View Y/N No
View None
Building
Lot Description Corner Lot
Sewer Public Sewer
Schools
Elementary Schools Baldwin
High Schools Alhambra
NEARBY SCHOOL & BUSINESS
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