318 Palmetto
Alhambra, CA, 91801
$998,000
Original list price: $1,088,000
MLS: WS26084963
Beds
4
Baths
3
Sq Ft
1,790
Lot
0.14 ac
Year Built
1923
MLS #
WS26084963
Days on Market
57
Listed
Apr 20, 2026
Description
NEW PRICE ADJUSTMENT! Incredible opportunity under $1M for this rare, completely detached dual-residence compound located in the highly coveted 91801 zip code of Alhambra! Situated on a prime corner lot, this unique property features two entirely separate homes with independent addresses, making it the perfect layout for multigenerational living, a major work-from-home setup, or an owner-occupant looking for a secondary unit to maximize property utility. The light-filled front residence features a spacious 3-bedroom, 2-bathroom layout. Quietly situated at the rear is a completely standalone, private 1-bedroom, 1-bathroom home. Best of all, the entire compound is delivered 100% VACANT and ready for its next chapter—no tenant complications or lease delays! Enjoy a Walk Score of 88, putting you just blocks from Downtown Alhambra's Main Street dining, coffee shops, and the Sunday Farmers Market. Everyday conveniences like Costco and Target are less than a mile away, and the property sits within the top-tier Martha Baldwin (K-8) and Alhambra High School boundaries. With effortless access to the 10 and 710 freeways, this is the ultimate clean slate for investors, developers, and owner occupants.
Location
Alhambra, Los Angeles County, CA 91801
Open on Google Maps ↗Listed by: CHUONG THAI · eXp Realty of California Inc
Payment estimate
$7,403
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $99,800 · Loan: $898,200
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,689
- Property tax (1.25%)
- $1,040
- Homeowners insurance
- $300
- Mortgage insurance
- $374
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $34,930 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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Local Market Stats
See Alhambra, CA 91801 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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