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Michael Mourad

mike@mikemouradrealestate.com +1(619) 961-8444

$ 1,088,000

Est. payment | -/mo

4 Beds

3 Baths

1,790 SqFt

Save

$ 1,088,000

Est. payment | -/mo

Save

4 Beds

3 Baths

1,790 SqFt

Open House

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

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 1,790 sqft

Price per Sqft $607

MLS Listing ID WS26084963

Bedrooms 4

Full Baths 3

Year Built 1923

Lot Size 6,242 Sqft

Property Sub-Type Townhome

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

Zoning ALRPD

Direction Corner of Palmetto Dr and 4th St just south of Mission

Interior

Cooling Wall/Window

Fireplaces Type Other/Remarks

Fireplace No

Appliance Gas Range

Exterior

Parking Features Garage

Garage Spaces 2.0

Fence Wrought Iron

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 2

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 5347005008

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

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

Listed by CHUONG THAI, DRE#02134406 eXp Realty of California Inc

Schools and Properties Nearby

Michael Mourad

Agent | License ID: 01947942

+1(619) 961-8444 | mike@mikemouradrealestate.com

318 Palmetto Alhambra, CA 91801

Michael Mourad

Open House

Key Details

Location

Interior

Exterior

Building

Others

Learn More About LPT Realty

318 Palmetto