2518 El Paseo
Alhambra, CA, 91803
$899,000
MLS: CV26067605
Beds
3
Baths
2
Sq Ft
1,262
Lot
0.18 ac
Year Built
1923
MLS #
CV26067605
Days on Market
1
Listed
Apr 20, 2026
Description
*LARGE FLAT LOT WITH DETACHED TWO CAR GARAGE* POTENTIAL FOR A TWO STORY ADU AND A JR. ADU ON ONE LOT* ALHAMBRA UNIFIED SCHOOL DISTRICT* Welcome to 2518 El Paseo, a rare opportunity nestled in the highly desirable Granada Park Historic Neighborhood of Alhambra. This charming single-story home, built in 1923, offers timeless character paired with exceptional ADU potential on a generous, flat 7,821 sq ft lot—an increasingly rare find in today’s market. The property’s expansive backyard presents outstanding ADU potential, ideal for multi-generational living or rental income. The detached two-car garage offers an excellent opportunity for conversion into a Jr. ADU, while the lot size allows for the possibility of adding an additional ADU—creating a highly sought-after dual-income property setup. A long driveway accommodating up to 5–6 vehicles adds to the home’s practicality and appeal. Inside, the home features a functional layout ready to be reimagined into a modern living space. The bright living room is filled with natural light from large windows, creating a warm and inviting atmosphere. The primary suite includes an ensuite bathroom with a walk-in shower and separate tub, while two additional bedrooms share a full hallway bathroom. Recent upgrades include a new roof and water heater installed in 2019, along with an updated electrical panel in 2020—providing a solid foundation for future improvements. Ideally situated just minutes from Granada Park, residents can enjoy a wide array of outdoor amenities including picnic areas, swimming pools, basketball and tennis courts, and a baseball field—perfect for an active lifestyle. The home is also conveniently located near Fremont Elementary School and the vibrant Main Street corridor in downtown Alhambra, known for its diverse dining, shopping, and cultural experiences. With easy access to major freeways and just about 10 minutes to Downtown Los Angeles, the location offers both convenience and connectivity. Whether you’re an investor seeking to expand your portfolio or a homeowner with a vision for creating your dream space, this property offers incredible potential in a prime location. Opportunities like this—with a large flat lot, ADU possibilities, and a central Alhambra location—are truly hard to come by. Schedule a tour and see this hidden gem in person today!
Location
Alhambra, Los Angeles County, CA 91803
Open on Google Maps ↗Listed by: Silvia Cheung · KELLER WILLIAMS
Payment estimate
$6,545
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $89,900 · Loan: $809,100
- Principal & Interest
- $4,971
- Property tax (1.25%)
- $936
- Homeowners insurance
- $300
- Mortgage insurance
- $337
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Alhambra home with as little as 3.5% down using an FHA loan — roughly $31,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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