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Listed by Elizabeth Kho, DRE #00970729 • Joy Realty Group Inc.
$2,250,000
Est. payment /mo
0.35 Acres Lot
New
513 N Palm AVE Alhambra, CA 91801
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPF26184591
Year Built 1923
Lot Size 0.347 Acres
Property Sub-Type Triplex
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area 601 - Alhambra
Rooms
Kitchen Pantry
Interior
Laundry In Laundry Room, Other
Exterior
Parking Features Attached Garage, Garage, Other
Garage Spaces 5.0
Pool 31, None
View Greenbelt
Building
Foundation Raised
Water District - Public
Others
Tax ID 5339015015
Special Listing Condition Not Applicable
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