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318 Palmetto
For Sale $1,088,000 ($607.82 per Sq Ft)
$1,088,000 ($607.82 per Sq Ft)
- 4 Bedrooms
- 3 Bathrooms
- 1,790 Sq Ft
- 6,242 Sq Ft
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,088,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 1,790 |
| Number of Stories | 1 stories |
| Parking Spots | 2 spots |
| Year Built | 1923 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5347005008 |
| MLS # | WS26084963 |
| Property ID | 322776230 |
| Lot Sqft | 6,242 |
| Zoning | ALRPD |
| Total Units | 2 |
| Days on Market | 43 |
| Original List Price | $1,088,000 |
| Applicances | Gas Range% |
| Date Updated | May 31, 2026 |
| Date Created | April 20, 2026 |
Listing Provided By
CHUONG THAI an agent of . Lic #02134406
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 31, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT