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Welcome to this rare value-add investment opportunity on a prime corner lot near the heart of Alhambra. This duplex features two distinct identities: 318 Palmetto Dr (3BR/2BA) and 808 S 4th St (1BR/1BA), each with private entrances and independent utility meters (Gas/Electric). The interior has been well-maintained by long-term tenants, featuring clean kitchens and solid flooring throughout. Minutes away from Downtown Alhambra's dining and entertainment. Property carries the ALRPD* (Residential Planned Development) designation, offering high-density upside. Per Alhambra's 2026 standards, the detached garage is a premier candidate for ADU conversion, potentially creating a high-yield 3-unit compound. Currently occupied by cooperative, long-term tenants on month-to-month leases; perfect for an investor or a homeowner seeking a "house-hack" with serious equity-growth potential. Sold "As-Is." Buyer to independently verify all zoning, permits, and development potential with the City of Alhambra. Please do not disturb tenants; showings reserved for pre-qualified buyers. Note: Hero image has been digitally enhanced for twilight lighting per AB 723; original daylight photo follows in media sequence.
| 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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Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This IDX solution is (c) Diverse Solutions 2026.
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