513 N Palm AVE, Alhambra, CA 91801
513 N Palm AVE, Alhambra, CA 91801
513 N Palm AVE, Alhambra, CA 91801
22
See all 22 photos
$2,250,000
Est. payment /mo
Save
0.35 Acres Lot
New

513 N Palm AVE Alhambra, CA 91801

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
YourWayHome Team

YourWayHome Team

+1(303) 554-7652

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PF26184591

HOA Y/N No

Year Built 1923

Lot Size 0.347 Acres

Property Sub-Type Triplex

Property Description

"Rare" triplex opportunity in a prime, highly desirable North Alhambra location directly across from the beautiful Alhambra Park, which features pristine tennis courts, a public swimming pool, and fantastic community recreation activities. Spanning an impressive, level 15,000 square foot parcel with 100 feet of wide street frontage, this property is a builder's dream. A conceptual 7-unit townhome project is currently under works, offering excellent potential for future development or a rewarding long-term investment. The current owner-developer has been busy on much larger projects, allowing a startup investor the chance to take over this asset along with extensive planning materials, unit configurations, and optimized bedroom layouts crafted specifically to maximize the buildable footprint. While you finalize your building goals, secure permits, or hold for appreciation, you can enjoy immediate, reliable cash flow from the existing rentable multiple residential units. The current mix consists of three bright 2-bedroom, 1-bathroom homes strategically configured as front, side, and top units, along with a shared laundry area for daily tenant convenience. The oversized lot also boasts an expansive backyard perfect for outdoor relaxation, a detached garage, a functional workshop, a separate storage room, and additional carport parking. Ideally located near the sought-after North Alhambra neighborhoods, just south of Alhambra Road and mere minutes from South Pasadena, this property seamlessly combines a prime foothill location with undeniable upside potential. This sale comes packed with all the previous hard work and layouts, letting the next owner hit the ground running.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Pantry, Walk-In Closet(s)

Flooring Carpet, Tile, Vinyl, Wood

Fireplaces Type Living Room

Fireplace Yes

Laundry Inside, Laundry Room

Exterior

Parking Features Door-Multi, Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Block, Chain Link, Wood

Pool None

Community Features Street Lights, Sidewalks, Park

View Y/N Yes

View Park/Greenbelt

Total Parking Spaces 5

Private Pool No

Building

Lot Description Near Park, Sprinkler System, Yard

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5339015015

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Elizabeth Kho Joy Realty Group Inc. 626-286-5222, DRE #00970729

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

YourWayHome Team

YourWayHome Team

Team Lead

+1(303) 554-7652

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Fathom Realty & YourWayHome, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

513 N Palm AVE