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Open House Times
- Sat. May. 23 at 1:00pm to 3:00pm
- Sun. May. 24 at 2:00pm to 4:00pm
About the Listing 21823 - WS83631
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.
Listing Highlights
Status
Active
Days on Site
30
Property Type
Residential
MLS ®
WS26084963
Year Built
1923
Total Square Footage
1,790
Lot/Acreage
0.14
County
Los Angeles
Area
601 - Alhambra
School District
Alhambra
Elementary School
Baldwin
High School
Alhambra
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full / 1 Three-Quarter
- Appliances: Gas Range
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces: See Remarks
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Down
- Water: Public
Exterior Details
- Lot Description: Corner Lot,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Zoning: ALRPD
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Driveway,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5347005008
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
318 Palmetto Alhambra, CA 91801
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