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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.
Property Type(s):
Single Family
| Last Updated | 4/20/2026 | Year Built | 1923 |
|---|---|---|---|
| Community | 601 - Alhambra | Garage Spaces | 2.0 |
| County | Los Angeles |
SCHOOLS
| Elementary School | Baldwin |
|---|---|
| High School | Alhambra |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range |
| AREA | 601 - Alhambra |
| FIREPLACE | Yes |
| GARAGE | Yes |
| LOT | 6242 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 6242 |
| PARKING | Driveway, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with eXp Realty of California Inc
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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