Property Details
Property Details
Property Details
318 Palmetto, Alhambra, CA 91801
$1,088,000 LOGIN TO SAVE
318 Palmetto, Alhambra, CA 91801
Bedrooms: 4
Bathrooms: 3
Area: 1790 SqFt.
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.
Features
Listing provided courtesy of CHUONG THAI of eXp Realty of California Inc. Last updated . Listing information © 2025 Sandicor.
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12275 El Camino Real, Suite 100
San Diego, CA 92130
858.345.4514
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La Jolla, CA, 92037
858.277.3325
San Diego Office
655 W Broadway
San Diego, CA 92101
619.317.1875
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 Sandicor®, Inc.
Copyright © 2025 Maldonado Team. All Rights Reserved.
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 Sandicor®, Inc.
Copyright © 2025 Maldonado Team. All Rights Reserved.
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