314 Palmetto Drive, Alhambra, California 91801, Alhambra, 91801 - 2 bed, 1 bath
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314 Palmetto Drive
Alhambra, California 91801
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
1,058Sq Ft
6,242Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$928,000
3% BelowMARKET VALUE
SUMMARY
This Turnkey Spanish-Style Residence is a Strong Value Opportunity, listed at $928,000—positioned well below the $967,544 Fair Market Value by 4%. This valuation gap offers $39,544 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home boasts a remodeled kitchen and refinished hardwood floors. With its detached garage offering ADU potential and proximity to top-rated schools like South Pasadena High, this property is an ideal fit for first-time buyers or owner-occupants seeking a polished, move-in-ready lifestyle.
Estimated Market Value
$928,000+$29,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Alhambra.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 314 Palmetto Drive Subject | $899,000* List Price | 2 | 1 | 1,058 | $877 | - |
A 308 W Adams Sold | $970,000 | 3 | 2 | 1,469 | $660 | 0.3 mi |
B 342 N Atlantic Boulevard Sold | $835,000 | 2 | 2 | 1,011 | $826 | 0.8 mi |
C 1609 S Sierra Vista Sold | $1,168,000 | 3 | 2 | 1,234 | $947 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1927, the property has undergone a high-quality recent renovation (likely within the last 5 years). The kitchen is fully remodeled with quartz countertops, custom cabinetry, and stainless steel appliances. The interior features refinished hardwood floors and updated systems, including central HVAC as evidenced by ceiling vents, meeting the criteria for mint condition and no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Character
This 1927 Spanish-style home perfectly balances historic charm, such as refinished hardwood floors and a classic fireplace, with high-end modern updates in the kitchen and bathroom.
- Development Potential
The generous 6,242 sqft lot includes a detached two-car garage, providing an excellent opportunity for a future ADU conversion or property expansion to increase value.
- Prime Location
Situated in a highly sought-after Alhambra neighborhood, the property offers exceptional proximity to South Pasadena, vibrant Main Street dining, and convenient freeway access.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only two bedrooms and a single bathroom across 1,058 square feet, the home's compact footprint may be restrictive for growing families or those requiring a home office.
- High Price Per Square Foot
Listed at approximately $877 per square foot, the property commands a significant premium that may be challenging for value-oriented buyers compared to larger alternatives in the area.
About 314 Palmetto Drive
Welcome to 314 Palmetto Drive, a beautifully updated Spanish-style residence located in one of Alhambra’s most sought-after neighborhoods. This charming 2-bedroom, 1-bath home seamlessly blends timeless architectural character with modern upgrades, creating a warm and inviting living experience.Step inside to discover refinished hardwood floors, abundant natural light, and a spacious living room highlighted by a classic fireplace. The remodeled kitchen features quartz countertops, custom cabinetry, stainless steel appliances, and a farmhouse sink, offering both style and functionality. The updated bathroom showcases tasteful finishes while maintaining the home’s original charm.The generous backyard provides endless opportunities for entertaining, gardening, or future expansion, while the detached two-car garage offers additional storage and potential ADU possibilities (buyer to verify). Ideally situated just minutes from vibrant Main Street, Alhambra Place, South Pasadena, local parks, top-rated dining, shopping, and convenient freeway access, this move-in-ready home offers the perfect blend of comfort, character, and location. Don’t miss this rare opportunity to own a beautifully restored Spanish home in the heart of Alhambra.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1927
- Lot Size
- 6,242 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Alhambra Unified Schools
Emerson (Ralph Waldo) Elementary School
Grades K-6 • 1.9 mi
7/10
Marengo Elementary School
Grades K-5 • 1.9 mi
9/10
Dewey Avenue Elementary School
Grades K-6 • 2.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,058 | 1,416.136 |
| Lot Size | 6,242 | 6,918.25 |
| Price | $899.0K | $1.00M |
| Price per sq ft | $850 | $701 |
| Built year | 1927 | 1934 |
| HOA | $0 | $225 |
| Days on market | 33 | 51 |
Pricing History
Listed for Sale
Aug 25, 2026
$899,000
$928,000
-3% Price Drop
Initial Listing
Price Change
Aug 7, 2026
$928,000
Initial Listing
Sold
Dec 15, 2016
$513,000
Public Record
Sold
Apr 26, 2016
$400,000
Public Record