$1,088,000

318 Palmetto, Alhambra, CA 91801

4 beds |
3 baths |
1,790 sqft

Condominium
Built in 1923
6,242sqft lot
2 car garage
$608/sqft
Listed 10 days ago

Property Description

VACANT MAY 1ST | 3BR FRONT HOME DELIVERED EMPTY. Rare opportunity for an owner-user or savvy "house-hacker" to move in immediately! This versatile corner-lot duplex is perfectly situated close to the heart of Downtown Alhambra, offering premier access to the city's vibrant dining, entertainment, and shopping district. The property features two distinct identities with private street addresses and independent utility meters (Gas/Electric): 318 Palmetto Dr (3BR/2BA - Vacant 5/1) and 808 S 4th St (1BR/1BA - MTM). Both residences have been well-maintained, featuring clean kitchens, updated countertops, and solid flooring throughout. DEVELOPMENT POTENTIAL: 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. Whether you choose to live in the spacious front home while collecting rent from the rear, or hold as a pure high-density investment, the value is undeniable. 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.

Listing Status:: Active
Date Added:: April 20, 2026
Data Last Updated:: May 1, 2026 at 7:11AM
Listing Office:: eXp Realty of California Inc : 888-832-7179
Listing Agent:: CHUONG THAI : 323-309-3423
MLS ID:: WS26084963

Appliances: Gas Range
A/C: Wall/Window
Fireplace: Other/Remarks

Pool: N/K
Parking: GarageParking spaces: 2

General: 1

HOA Amenities: 0.0
Originating MLS: California Regional MLS
County: Los Angeles

Zoning: ALRPD5347005008
View: N/K
Fencing: Wrought Iron

Water: Public
Sewer: Public Sewer

Source: California Regional MLS

This listing courtesy of CHUONG THAI , eXp Realty of California Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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