Triplex with Three
For Sale
$1,339,000
Pending
17 Palmetto Dr, Alhambra, CA 91801
Three residential units offer private outdoor areas and separate garage parking for each household.
Property Size3,651 SF
Days on Market53
Property Features for 17 Palmetto Dr
General Information
Standard status
Pending
Size
3,651 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/2BA
Multifamily Units
3
Amenities
private patio
private outdoor area
Building Details
Year Built
1975
Listed By:
Accardo Real Estate Associates - AREA
(310) 686-9361
Source:
Naylorproperties
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 24 at 4:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Accardo Real Estate Associates - AREA
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Investment Insights
Based on property information with market context.
This 1975 triplex contains 3,651 square feet and is arranged as three two-bedroom, two-bathroom units. The detached front residence includes a private patio, a spacious living room, and an upstairs bedroom area with natural light. Two additional residences are attached at the rear, and each has its own private outdoor space.
Three garages provide one dedicated garage for every unit. The property is located at 17 Palmetto Dr in Alhambra, California 91801, offering a configuration with separate living spaces and individual exterior areas across the three-unit layout.
Three garages provide one dedicated garage for every unit. The property is located at 17 Palmetto Dr in Alhambra, California 91801, offering a configuration with separate living spaces and individual exterior areas across the three-unit layout.
Key Highlights
- Three‑unit triplex with 3,651 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- Detached front unit with private patio and spacious living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,760
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,200
$1.3M
Cap Rate 7%
$910,857
$910.9K
Cap Rate 9%
$708,444
$708.4K
Market Conditions
NOI Build-Up for 3,651 SF
Gross rent
$98.6K $27.00/SF
− Vacancy
−$7.5K −$2.05/SF
EGI
$91.1K $24.95/SF
− OpEx
−$27.3K −$7.48/SF
NOI
$63.8K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,200
Cap Rate 7%
$910,857
Cap Rate 9%
$708,444
Alternative Uses
Best Use
Multifamily LT 5
$910.9K
$797.0K – $1.06M
NOI $63,760 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$839.3K
$734.4K – $979.1K
NOI $58,748 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,831 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
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Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer private outdoor areas and separate garage parking for each household.
Where is this triplex located?
The property is located at 17 Palmetto Dr Alhambra, CA.
What is the asking price?
The asking price for this property is $1,339,000.
What are key features of this property?
This property features: Three‑unit triplex with 3,651 square feet; Each unit includes 2 bedrooms and 2 bathrooms; Detached front unit with private patio and spacious living area
