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513 N Palm

Alhambra, CA 91801
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SqFt15,124

Sqft(Lot)

"Rare" triplex opportunity in a prime, highly desirable North Alhambra location directly across from the beautiful Alhambra Park, which features pristine tennis courts, a public swimming pool, and fantastic community recreation activities. Spanning an impressive, level 15,000 square foot parcel with 100 feet of wide street frontage, this property is a builder's dream. A conceptual 7-unit townhome project is currently under works, offering excellent potential for future development or a rewarding long-term investment. The current owner-developer has been busy on much larger projects, allowing a startup investor the chance to take over this asset along with extensive planning materials, unit configurations, and optimized bedroom layouts crafted specifically to maximize the buildable footprin t. While you finalize your building goals, secure permits, or hold for appreciation, you can enjoy immediate, reliable cash flow from the existing rentable multiple residential units. The current mix consists of three bright 2-bedroom, 1-bathroom homes strategically configured as front, side, and top units, along with a shared laundry area for daily tenant convenience. The oversized lot also boasts an expansive backyard perfect for outdoor relaxation, a detached garage, a functional workshop, a separate storage room, and additional carport parking. Ideally located near the sought-after North Alhambra neighborhoods, just south of Alhambra Road and mere minutes from South Pasadena, this property seamlessly combines a prime foothill location with undeniable upside potential. This sale comes packed with all the previous hard work and layouts, letting the next owner hit the ground running.

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Detail Ic Property Details

Property Type : Land

Price : $2,280,000

AD Id : 90901997

MLS Id : PF26184187

Lot Size : 15,124 Sqft(Lot)

County : Los Angeles

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  • Lot Information

    Main Square Feet: 15124 Lot Size Acres: 0.3472 Lot Size Source: Assessor Lot Size Square Feet: 15,124 Lot Description: NearPark

  • Listing Price Information

    Listing Price: $2280000
    Cash, CashToNewLoan, Conventional

  • Tax Information

    Parcel Number: 5339015015 Tax Lot: 196

  • Utility Information

    ElectricityAvailable
  • Location Information

    Direction: S/Alhambra Rd, W/Raymond. Across from Alhambra Park WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
204 Palatine Drive, Alhambra, CA, 91801 $735,000 -- -- -- 7,035 Sqft(Lot)

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ByOwner last updated this listing 09/05/2026 @ 08:40

MLS: PF26184187 LISTED BY: Elizabeth Kho, Joy Realty Group Inc. 626-487-2222 SOURCE: CRMLS

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