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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,088,000

Est. payment - /mo

4 Beds

3 Baths

1,790 SqFt

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Open House

Sat May 09, 1:00pm - 4:00pm

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,790 sqft

Price per Sqft $607

MLS Listing ID WS26084963

Bedrooms 4

Full Baths 2

Three Quarter Bath 1

HOA Y/N No

Year Built 1923

Lot Size 6,242 Sqft

Property Sub-Type Duplex

Property 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.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Zoning ALRPD

Rooms

Main Level Bedrooms 4

Interior

Interior Features All Bedrooms Down

Cooling Wall/Window Unit(s)

Fireplaces Type See Remarks

Fireplace Yes

Appliance Gas Range

Laundry Inside

Exterior

Parking Features Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Wrought Iron

Pool None

Community Features Curbs, Sidewalks

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description Corner Lot

Dwelling Type Duplex

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

Elementary Schools Baldwin

High Schools Alhambra

School District Alhambra

Others

Senior Community No

Tax ID 5347005008

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Special Listing Condition Trust

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Listed by CHUONG THAI eXp Realty of California Inc 323-309-3423, DRE #02134406

NEARBY SCHOOLS & PROPERTIES

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318 Palmetto Alhambra, CA 91801