2518 El Paseo, Alhambra, California 91803, Alhambra, 91803 - 3 bed, 2 bath
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Alhambra, California 91803
This Value-Add Historic Asset is listed at $899,000, representing a stable entry point aligned with its $889,625 Fair Market Value. Holding a Condition Rating of 4, the 1923 residence requires interior modernization but benefits from a New Roof, Updated Electrical, and a private Patio. The property’s primary value lies in the expansive 7,821 Sq Ft Flat Lot and Exceptional ADU Potential, offering space for both a Junior ADU conversion and a detached two-story unit. Located within the Alhambra Unified School District, this is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a high-upside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2518 El Paseo Subject | $899,000* List Price | 3 | 2 | 1,262 | $705 | - |
A 2508 El Paseo Sold | $850,555 | 3 | 1 | 1,156 | $736 | 0.0 mi |
B 2432 Westmont Drive Sold | $932,000 | 3 | 2 | 1,345 | $693 | 0.5 mi |
C 2617 Westminster Sold | $830,000 | 2 | 2 | 1,371 | $605 | 0.4 mi |
D 2656 Whitney Sold | $979,000 | 3 | 2 | 1,396 | $701 | 0.4 mi |
E 2133 Westminster Sold | $810,000 | 2 | 2 | 1,565 | $518 | 0.5 mi |
F 1817 Elm Street Active Under Contract | $1,100,000 List Price | 3 | 2 | 1,372 | $802 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features critical system updates including a new roof (2019), water heater (2019), and electrical panel (2020), the interior is significantly dated. The kitchen cabinetry and tile counters appear to be 20+ years old, the living areas show worn carpeting, and the presence of wall AC units suggests a lack of modern central HVAC. The home is functional but requires cosmetic and fixture updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7821, living area = 1262.
The large 7,821 sq. ft. flat lot and detached two-car garage provide a rare opportunity to develop both a Junior ADU and a two-story ADU, maximizing rental income or multi-generational living.
Nestled in the desirable Granada Park Historic Neighborhood, the property offers excellent proximity to local parks, schools, and the vibrant Main Street corridor, with a quick 10-minute commute to Downtown Los Angeles.
Built in 1923 and described as 'ready to be reimagined,' the property likely requires significant cosmetic and functional updates to meet modern aesthetic and comfort standards.
With only 1,262 sq. ft. of living space distributed across three bedrooms, the interior layout may feel small or restrictive for families accustomed to more spacious modern floor plans.
*LARGE FLAT LOT WITH DETACHED TWO CAR GARAGE* POTENTIAL FOR A TWO STORY ADU AND A JR. ADU ON ONE LOT* ALHAMBRA UNIFIED SCHOOL DISTRICT* Welcome to 2518 El Paseo, a rare opportunity nestled in the highly desirable Granada Park Historic Neighborhood of Alhambra. This charming single-story home, built in 1923, offers timeless character paired with exceptional ADU potential on a generous, flat 7,821 sq ft lot—an increasingly rare find in today’s market. The property’s expansive backyard presents outstanding ADU potential, ideal for multi-generational living or rental income. The detached two-car garage offers an excellent opportunity for conversion into a Jr. ADU, while the lot size allows for the possibility of adding an additional ADU—creating a highly sought-after dual-income property setup. A long driveway accommodating up to 5–6 vehicles adds to the home’s practicality and appeal. Inside, the home features a functional layout ready to be reimagined into a modern living space. The bright living room is filled with natural light from large windows, creating a warm and inviting atmosphere. The primary suite includes an ensuite bathroom with a walk-in shower and separate tub, while two additional bedrooms share a full hallway bathroom. Recent upgrades include a new roof and water heater installed in 2019, along with an updated electrical panel in 2020—providing a solid foundation for future improvements. Ideally situated just minutes from Granada Park, residents can enjoy a wide array of outdoor amenities including picnic areas, swimming pools, basketball and tennis courts, and a baseball field—perfect for an active lifestyle. The home is also conveniently located near Fremont Elementary School and the vibrant Main Street corridor in downtown Alhambra, known for its diverse dining, shopping, and cultural experiences. With easy access to major freeways and just about 10 minutes to Downtown Los Angeles, the location offers both convenience and connectivity. Whether you’re an investor seeking to expand your portfolio or a homeowner with a vision for creating your dream space, this property offers incredible potential in a prime location. Opportunities like this—with a large flat lot, ADU possibilities, and a central Alhambra location—are truly hard to come by. Schedule a tour and see this hidden gem in person today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,262 | 1,396 | 29% |
| Lot Size | 7,821 | 6,348 | 81% |
| Price | $899.0K | $935.0K | 42% |
| Price per sq ft | $712 | $687 | 71% |
| Built year | 1923 | 1937 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 175 | 3% |
Apr 20, 2026
$899,000
Initial Listing
Jul 18, 1997
$120,000
Public Record