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1316 S Palm Ave, Alhambra, CA 91803

List Price: $1,040,000On Market FlagOn market
Jul 24, 20251,495 sqft3 beds2 baths
Listed by: Rainbow Yuen
License #: 02052726
Phone #: (626) 757-3378
Remax Dream Properties
Source:
CRMLS Logo
MLS #: P1-23401

Property Description

IMMEDIATE INCOME UNIT with tenant in one unit. 2 HOMES IN 1 LOT with potential to expand. Nestled on a quiet, tree-lined street, this rare find is a single-story, single-family home with a brand new, fully permitted detached ADU, offering outstanding flexibility and versatility for multigenerational living or rental income--earn passive income right from your backyard! The move-in ready 2 bedrooms 1 bath front main house welcomes you with natural bright light and recently upgraded brand new flooring. Enjoy a beautifully landscaped front yard and a spacious backyard lined with mature fruit trees, including orange, peach, lemon, pineapple guava, loquat, pomegranate, fig, and nectarine. The 425 sq ft back ADU includes 1 bedroom, 1 bathroom, quartz countertop kitchen, rainfall shower, modern finishes, and its own private entrance, separate address, and individual electric and water meters. Current tenant in back unit paying $1,998 per month. Located in a highly rated school district, just minutes from Cal State LA, shopping, dining, parks, hospitals, and major freeways, this property combines comfort, convenience, and investment potential--a unique opportunity in the thriving city of Alhambra you won't want to miss!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,129

TurboHome Estimated Value

$1,024,300

$685 sqft

High Valuation
$1,075,515
$719/sqft
Normal Valuation
$1,024,300
$685/sqft
Low Valuation
$973,085
$651/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$685/sqft$1,024,300

Neighborhood

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Comparative Value

$650K

$825K

$876K

$958K

$1.04M

1014 S Marengo Ave 3, Alhambra, CA 91803

Sale Price: $650,000

Selected Comparable

1020 S Marengo Ave 3, Alhambra, CA 91803

Sale Price: $655,000

Selected Comparable

1617 S Fremont Ave, Alhambra, CA 91803

Sale Price: $825,000

Selected Comparable

1316 Elm St, Alhambra, CA 91803

Sale Price: $876,000

Selected Comparable

1601 S Date Ave, Alhambra, CA 91803

Sale Price: $958,000

Selected Comparable

1316 S Palm Ave, Alhambra, CA 91803

List Price: $1,040,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1316 S Palm Ave, Alhambra, CA 91803

1316 S Palm Ave, Alhambra, CA 91803

List: $1,040,000

Listed: 7/24/2025

Area:1,495 sqft
Price/sqft:$696
Beds:3
Baths:2
Year Built:
Lot Size:6,636

Comparable Properties

COMPARABLE
Choose comps
1617 S Fremont Ave, Alhambra, CA 91803

1617 S Fremont Ave, Alhambra, CA 91803

Sale: $825,000

11/27/20240.39 mi

Area:1,391 sqft
Price/sqft:$593
Beds:3
Baths:2
Year Built:
Weight:21.5%
1316 Elm St, Alhambra, CA 91803

1316 Elm St, Alhambra, CA 91803

Sale: $876,000

8/15/20250.25 mi

Area:1,361 sqft
Price/sqft:$644
Beds:3
Baths:1
Year Built:
Weight:20.9%
1014 S Marengo Ave 3, Alhambra, CA 91803

1014 S Marengo Ave 3, Alhambra, CA 91803

Sale: $650,000

8/13/20250.32 mi

Area:1,260 sqft
Price/sqft:$516
Beds:3
Baths:3
Year Built:
Weight:19.8%
1020 S Marengo Ave 3, Alhambra, CA 91803

1020 S Marengo Ave 3, Alhambra, CA 91803

Sale: $655,000

6/12/20250.32 mi

Area:1,260 sqft
Price/sqft:$520
Beds:3
Baths:3
Year Built:
Weight:19.0%
1601 S Date Ave, Alhambra, CA 91803

1601 S Date Ave, Alhambra, CA 91803

Sale: $958,000

1/28/20250.19 mi

Area:1,918 sqft
Price/sqft:$499
Beds:3
Baths:2
Year Built:
Weight:18.9%

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