Listing provided courtesy of CHUONG THAI of eXp Realty of California Inc. Last updated . Listing information © 2025 Sandicor.
Asking Price: $1,088,000
318 Palmetto, Alhambra CA 91801
Community:
This Residential property was built in 1923 and is priced at $1,088,000. Please see the additional details below.
Welcome to this rare value-add investment opportunity on a prime corner lot near the heart of Alhambra. This duplex features two distinct identities: 318 Palmetto Dr (3BR/2BA) and 808 S 4th St (1BR/1BA), each with private entrances and independent utility meters (Gas/Electric). The interior has been well-maintained by long-term tenants, featuring clean kitchens and solid flooring throughout. Minutes away from Downtown Alhambras dining and entertainment. Property carries the ALRPD* (Residential Planned Development) designation, offering high-density upside. Per Alhambras 2026 standards, the detached garage is a premier candidate for ADU conversion, potentially creating a high-yield 3-unit compound. Currently occupied by cooperative, long-term tenants on month-to-month leases; perfect for an investor or a homeowner seeking a "house-hack" with serious equity-growth potential. Sold As-Is. Buyer to independently verify all zoning, permits, and development potential with the City of Alhambra. Please do not disturb tenants; showings reserved for pre-qualified buyers. Note: Hero image has been digitally enhanced for twilight lighting per AB 723; original daylight photo follows in media sequence.
