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513 N Palm Avenue

Alhambra, CA 91801
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Bed 2

Bed

Bath 1

Bath

SqFt15,120

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 : ResidentialIncome

Price : $2,280,000

AD Id : 90087442

MLS Id : PF26184591

Beds : 2

Lot Size : 15,120 Sqft

Year Built : 1923

Garage : 2

County : Los Angeles

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Feature Features

  • Interior Features

    CeilingFans, LaminateCounters, Pantry, WalkInClosets
    Laundry Features: Inside, LaundryRoom
    Window Features: PlantationShutters

  • Building Information

    Year Built: 1923
    Building Area Total: 3751
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: ParkGreenbelt

  • Lot Information

    Main Square Feet: 15120 Lot Size Acres: 0.3471 Lot Size Source: Assessor Lot Size Square Feet: 15,120 Lot Description: NearPark,SprinklerSystem,Yard

  • Listing Price Information

    Listing Price: $2280000
    Original Price: $2250000
    Cash, CashToNewLoan, Conventional

  • Tax Information

    Parcel Number: 5339015015 Tax Lot: 196

  • Parking Information

    Parking Total: 5 DoorMulti, Driveway, Garage

    Garage Information

    Has Garage: Yes Garage Space: 2

  • 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
320 S Cordova, Alhambra, CA, 91801 $1,195,000 4 2 1,568 7,268 Sqft
308 S Almansor Street, Alhambra, CA, 91801 $1,588,000 4 4 -- 7,503 Sqft
405 E Ramona, Alhambra, CA, 91801 $908,000 2 3 1,485 5,892 Sqft
912 S Garfield, Alhambra, CA, 91801 $1,495,000 5 5 -- 9,142 Sqft
1515 S Stoneman Avenue, Alhambra, CA, 91801 $1,280,000 3 2 -- 6,702 Sqft
1809 S Stoneman, Alhambra, CA, 91801 $1,479,990 6 5 -- 6,665 Sqft
301 W Adams Avenue, Alhambra, CA, 91801 $1,395,000 4 2 1,342 6,454 Sqft
903 N 1st, Alhambra, CA, 91801 $980,888 3 4 -- 6,598 Sqft
903 N 1st, Alhambra, CA, 91801 $980,888 3 4 1,790 6,598 Sqft
1201 W Woodward, Alhambra, CA, 91801 $1,249,000 4 3 -- 8,357 Sqft

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ByOwner last updated this listing 09/05/2026 @ 13:18

MLS: PF26184591 LISTED BY: Elizabeth Kho, Joy Realty Group Inc. 626-487-2222 SOURCE: CRMLS

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