143 Palatine, Alhambra, California 91801, Alhambra, 91801 - 2 bed, 2 bath
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Alhambra, California 91801
This Value-Add Residential Asset is listed at $850,000, currently aligned with its $828,278 Fair Market Value. Marketed as a comprehensive fixer-upper, the property features a gutted interior, deck, and a Tear-Down Condition Rating, providing a rare blank canvas for redevelopment. The significant upside is driven by the 8,559 sq ft lot and Panoramic City and Mountain Views in Alhambra’s Emery Park hills. Benefiting from proximity to Top-Rated South Pasadena Schools, this is a high-potential acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 143 Palatine Subject | $850,000* List Price | 2 | 2 | 1,680 | $495 | - |
A 2400 W Main Street Sold | $995,000 | 3 | 2 | 1,664 | $598 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
This property, built in 1961, is explicitly marketed as a 'fixer-upper' and 'sold as-is,' indicating an unlivable state. The images confirm this, showing the interior completely gutted to the studs, with exposed framing, plywood subfloors, and no functional kitchen or bathroom components. Ceilings are exposed or peeling, and there's significant debris. While the description mentions a 'solid footprint,' the extent of interior demolition and the need for a complete rebuild of all systems and finishes (electrical, plumbing, HVAC, walls, floors, kitchen, bathrooms) means the property is unlivable and its value is primarily in the land and redevelopment potential, aligning with the 'tear-down' criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8559, living area = 1680.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
The property offers expansive views of Monterey Hills, South Pasadena, City Lights, and Mountains, significantly enhancing its appeal and potential value.
The property is explicitly marketed as a 'fixer-upper' and 'sold as-is,' indicating a need for substantial renovation and capital investment.
Built in 1961, the home likely requires significant updates to systems, finishes, and overall aesthetic to meet modern standards and preferences.
The 'as-is' condition and fixer-upper nature suggest it is 'ideal for cash or renovation financing,' potentially narrowing the pool of eligible buyers.
MOJOR PRICE REDUCTION!!!! Fixer-Upper Single-Family Home with Views | Value-Add Opportunity View! View! View! Rare opportunity to acquire a single-family fixer in the heart of Alhambra’s historic neighborhood of Emery Park hills with expansive views of Monterey Hills and South Pasadena. This property offers a solid footprint and functional layout, presenting an ideal canvas for renovation and value enhancement. This 1,680 sq ft two-story home features an open floor plan with 3 bedrooms and 2 bathrooms and strong potential to reconfigure or modernize to maximize light, flow, and view corridors. With strategic upgrades, this property is well-positioned for a strong after-repair value, leveraging the premium associated with view properties. Situated on a generous 8,559 sq ft lot, the property provides opportunities for outdoor living improvements, balcony additions, or expansion allowing future owners to fully capitalize on the surrounding vistas. Located in an established area with convenient access to shopping, dining, and commuter routes. Well-suited for fix-and-flip, buy-and-hold, or redevelopment strategies. Don’t miss out on this opportunity! Sold as-is. Ideal for cash or renovation financing.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-5 • 0.9 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,680 | 1,630.5 | 53% |
| Lot Size | 8,559 | 7,506 | 85% |
| Price | $850.0K | $1.15M | 15% |
| Price per sq ft | $506 | $733 | 9% |
| Built year | 1961 | 1931 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 161 | 26% |
Feb 28, 2026
$850,000
$875,000
-3% Price Drop
Initial Listing
Jan 30, 2026
$875,000
Initial Listing
May 24, 2024
$750,000
Public Record