143 Palatine, Alhambra, California 91801, Alhambra, 91801 - 2 bed, 2 bath
143 Palatine
Alhambra, California 91801
Property Price
SUMMARY
Analysis of 143 Palatine, Alhambra, California 91801 reveals a Fairly Priced Property with a current list price of $850,000 aligned with the estimated $828,278 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Alhambra Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
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 | $493 | - |
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Great Schools
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
- Panoramic Views
The property offers expansive views of Monterey Hills, South Pasadena, City Lights, and Mountains, significantly enhancing its appeal and potential value.
CONSRISKS & DEFICIENCIES
- Fixer-Upper Condition
The property is explicitly marketed as a 'fixer-upper' and 'sold as-is,' indicating a need for substantial renovation and capital investment.
- Age of Construction
Built in 1961, the home likely requires significant updates to systems, finishes, and overall aesthetic to meet modern standards and preferences.
- Limited Financing Options
The 'as-is' condition and fixer-upper nature suggest it is 'ideal for cash or renovation financing,' potentially narrowing the pool of eligible buyers.
About 143 Palatine
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 8,559 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Alhambra Unified Schools
Cesar Chavez Elementary School
Grades K-6 • 0.7 mi
Monterey Hills Elementary School
Grades K-5 • 0.9 mi
Sierra Park Elementary School
Grades K-6 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,680 | 1,569 | 59% |
| Lot Size | 8,559 | 7,505 | 87% |
| Price | $850.0K | $1.12M | 18% |
| Price per sq ft | $506 | $733 | 5% |
| Built year | 1961 | 1931 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 184 | 3% |
Pricing History
Listed for Sale
Feb 28, 2026
$850,000
$875,000
-3% Price Drop
Initial Listing
Price Change
Jan 30, 2026
$875,000
Initial Listing
Sold
May 24, 2024
$750,000
Public Record