Active

318 Palmetto

Alhambra, CA 91801

$1,088,000 $4,587/Mo

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Overview

Bed

Bath

1,790

Sqft

6,242

Sqft(Lot)

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.

Property Details

Property Type : Residential

Price : $1,088,000

AD Id : 77614180

MLS Id : WS26084963

Beds : 4

Lot Size : 6,242 Sqft

Living Area Size : 1,790

Year Built : 1923

Garage : 2

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4

Bathroom Information

Total Baths: 3 Full Baths: 2

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Interior Features: All Bedrooms Down Property Appliances: Gas Range Fireplace: See Remarks
Cooling Features

Wall/Window Unit(s) Air Conditioning

Fireplace

Fireplace Features: See Remarks Has Fireplace: 1

Building Information

Year Built: 1923
Pool Features

None

Laundry Features

Inside

Fencing

Wrought Iron

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1433
Lot Size Source: Assessor Lot Size Square Feet: 6242

Listing Price Information

Original List Price: 1,088,000 Listing Contract Date: 2026-04-20
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5347005008

Garage and Parking

Garage Description: Driveway,Garage

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 601 - Alhambra Directions: Corner of Palmetto Dr and 4th St just south of Mission Zoning: ALRPD Source Property Type: Residential Area: 601 - Alhambra Property SubType: Duplex
Building and Construction

Property Age: 103 Common Walls: 1 Common Wall Structure Type: Duplex Year Built Source: Public Records Total Square Feet Living: 1790 Entry Level: 1 Entry Location: Ground Property Attached: Yes Levels or Stories: One Building Total Stories: 1 Structure Type: Duplex

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
320 S Cordova, Alhambra, CA, 91801	$1,195,000	4	2	1,568	1,568 SqFt
104-106 E Linda Vista A.., Alhambra, CA, 91801	$1,695,000	7	7.5	2,793	2,793 SqFt
209 N Monterey Street, Alhambra, CA, 91801	$3,900,000	4	3	2,751	2,751 SqFt
1840 S Chapel, Alhambra, CA, 91801	$1,100,000	5	3	2,538	2,538 SqFt
1840 S Chapel, Alhambra, CA, 91801	$1,100,000	5	3	2,538	2,538 SqFt
305 & 307 E Hellman Ave.., Alhambra, CA, 91801	$1,350,000	4	3	2,093	2,093 SqFt
305 & 307 E Hellman Ave.., Alhambra, CA, 91801	$1,350,000	4	3	2,093	2,093 SqFt
903 N 1st, Alhambra, CA, 91801	$1,038,800	3	3.5	2,206	2,206 SqFt
903 N 1st, Alhambra, CA, 91801	$1,038,800	3	2	2,206	2,206 SqFt
118 S Marguerita Avenue, Alhambra, CA, 91801	$1,150,000	3	1	1,232	1,232 SqFt

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ByOwner last updated this listing 06/08/2026 @ 01:16

MLS: WS26084963 LISTED BY: CHUONG THAI, eXp Realty of California Inc 888-832-7179 SOURCE: CRMLS