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$1,000,000
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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!
Full Property Details
Full Property Details for 1316 S Palm Ave
General
- Sold For: $1,000,000
- Status: Closed
- Type: Single Family
- Source: MRMLS
- MLS ID: P1-23401
- Added to Site: 180 day(s) ago
Interior
- Rooms/Areas: Attic, Laundry, Kitchen, Utility Room, Living Room
- Interior Features: High Ceilings, Tile Counters, Granite Counters, Copper Plumbing (Partial), Ceiling Fan(s), Storage, Phone System
- Fireplace: Yes
- Fireplace(s): Living Room, Gas, Wood Burning, Masonry, Gas Starter
- Eating Areas: Dining Room
- Appliances: Freezer, Built-In Range, Water Heater, Range Hood, Electric Oven, Electric Cooktop, Double Oven, Vented Exhaust Fan, Refrigerator
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside, Dryer Included, Washer Included, Washer Hookup, Electric Dryer Hookup, Individual Room
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Deck/Patio: Covered, Patio, Slab, Rear Porch, Front Porch, Concrete
Parking
- Parking: No Driveway, Street, Permit Required
Location
- County: Los Angeles
- Driving Directions: Between Valley and Mission
- Direction Faces: West
School Information
- High School: ALHAMB
Community
- Community Features: Sidewalks, Suburban, Street Lights, Storm Drains
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Natural Gas, Fireplace(s)
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Single Family Residence
- Construction: Plaster, Stucco
- Foundation: Concrete Perimeter, Raised
- Roof: Shingle
- Common Walls: No Common Walls
- Windows: Double-Pane Windows, Blinds, Tinted Windows, Screens
- Disability Access: 2 or More Accessible Exits, Grab Bars In Bathroom(s), Doors - Swing In
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,495
- Sq. Ft. Source: Other
- Year Built: 1937
- Year Built Source: Public Records
- Property Condition: Turnkey
Additional Structures
- Other Structures: Shed(s), Guest House Detached, Storage
Lot Features
- Property View: None
- Lot Size (Acres): 0.1523
- Lot Size Source: Public Records
- Irrigation System: Sprinkler System
- Lot Description: Back Yard, 2-5 Units/Acre, Sprinklers Timer, Sprinkler System, Manual Sprinklers, Sprinklers in Rear, Sprinklers in Front, Lot 6500-9999, Garden, Rectangular Lot, Landscaped, Lawn, Front Yard
- Fencing (Description): Block, Average Condition, New Condition, Excellent Condition, Wrought Iron, Vinyl, Privacy, Partial
Financial Considerations
- Price Per Sq. Ft.: $668.9
Disclosures and Reports
- Special Conditions: Trust
- Inclusions: washer, dryer, refrigerator
Listed by Remax Dream Properties, Rainbow Yuen
Sold by Southland Properties, James Lim and Southland Properties, Lucas Chavez
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Schools
Schools serving 1316 S Palm Ave
School District:Alhambra Unified School District
| Name | Grades | Distance |
|---|---|---|
Marguerita Elementary School 1603 Marguerita Avenue, Alhambra, CA 91803 | K-8 | 0.5 mi |
Alhambra High School 101 South 2nd Street, Alhambra, CA 91801 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1316 S Palm Ave
Date
Details
Price
Change
Source
9/09/2025
Sold
$1,000,000
-3.85%
MLS
7/24/2025
Listed
$1,040,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1316 S Palm Avenue, Alhambra, CA 91803 (MLS# P1-23401) is a Single Family property that was sold at $1,000,000 on September 09, 2025. Want to learn more about 1316 S Palm Avenue? Do you have questions about finding other Single Family real estate for sale in Alhambra? You can browse all Alhambra real estate or contact a Coldwell Banker agent to request more information.

