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1123 N Stoneman Avenue, Alhambra
$1,280,000
AR26211812 MLS ⋅ Active Status
Developer’s Opportunity! Location, Location, Location! Rare Land-Value Offering in Prestigious North Alhambra! An exceptional redevelopment opportunity awaits in the highly desirable Bean Tract of North Alhambra, ideally positioned near the borders of San Marino and South Pasadena. Set on a deep lot within one of Alhambra’s most sought-after residential neighborhoods, this R-3-zoned property presents outstanding potential for a thoughtfully designed multifamily development. The seller has prepared a conceptual site plan. It subject to all applicable requirements and City approval. Conceptual plans and additional development information are available in the listing supplements for review. The property is currently improved with a three-bedroom, two-bathroom residence and is offered for land value in its present “AS IS” condition. The property is tenant-occupied. Drive-by only—please do not enter the property or disturb the occupants. The premier location offers convenient access to upscale shopping, dining, schools, parks, and major transportation routes, with excellent connectivity to San Marino, South Pasadena, Pasadena, and Downtown Los Angeles. This distinguished offering represents a rare opportunity for developers, builders, and investors to create a desirable residential community in a prime North Alhambra setting. Buyer and buyer’s representatives are advised to independently verify zoning, allowable density, development standards, conceptual plans, square footage, parking requirements, California Density Bonus eligibility, City requirements, and all other development possibilities with the City of Alhambra and appropriate professionals. No representation or guarantee is made regarding the feasibility, entitlement, or approval of any proposed development.

1123 N Stoneman Avenue, Alhambra
204 Palatine Drive, Alhambra
$735,000
26921117 MLS ⋅ Active Status
Vacant land lot available at 204 Palatine Dr, Alhambra, CA 91801, featuring a 7,035 sq. ft. hillside lot zoned ALR1YY with secondary access. This prime property includes approved building plans for a two-story, three-level hillside residence with 2,289 sq. ft. of living space, a 441 sq. ft. garage, a 2-car garage, and a 3-car carport, totaling 5 parking spaces. The proposed home design includes 2 bedrooms, 4 bathrooms, 1 den, 1 office, and 1 mezzanine room, offering spacious and versatile living areas with breathtaking scenic views of the surrounding city and mountains. Ideal for developers, investors, or families seeking a luxury home in a desirable Alhambra neighborhood, this property is close to Alhambra High School and Emery Park Elementary School, as well as local parks, shopping, and dining in the vibrant San Gabriel Valley region. Conveniently located near major freeways (10 and 710), it provides easy commuting access. Priced at $735,000, this turnkey development opportunity is priced to attract buyers looking for a premium hillside lifestyle.

204 Palatine Drive, Alhambra
513 N Palm, Alhambra
$2,280,000
PF26184187 MLS ⋅ Active Status
"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 separate storage room, and additional carport parking. Ideally located near the sought-after North Alhambra neighborhoods, just south of Alhambra Road and mere minutes from South Pasadena, this property seamlessly combines a prime foothill location with undeniable upside potential. This sale comes packed with all the previous hard work and layouts, letting the next owner hit the ground running.

513 N Palm, Alhambra

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.