723 S Stoneman, Alhambra, CA 91801
- $12,980,000
- List Price
- $12,980,000
- Status
- ACTIVE
- MLS#
- WS26145193
- Year Built
- 2022
- Lot Size
- 28,690
- Acres
- 0.66
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 24
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Apartment
Property Description
Exceptional opportunity to acquire a newer-construction (2022) 18-unit condo-style apartment community in a prime Alhambra location (713-727 S. Stoneman Ave). Thoughtfully designed and well maintained, this modern property offers strong in-place income with significant upside, including potential future condominium conversion (buyer to verify). The unit mix consists of 14 spacious 2-bedroom / 2.5-bath residences and 4 expansive 3-bedroom / 3.5-bath residences, each featuring its own private garage, providing a highly desirable living experience and strong tenant demand. The property also includes 8 additional guest parking spaces, enhancing convenience for residents and visitors alike. Built with contemporary finishes and efficient layouts, these luxury-style units appeal to long-term tenants seeking comfort, privacy, and modern amenities. The condo-style configuration, individual garages, and new construction significantly reduce ongoing maintenance costs and position the asset as a low-management, high-quality investment. Ideally located near major employment centers, shopping, dining, and transportation corridors, this property represents a rare opportunity to own a turnkey multifamily asset with excellent income stability and long-term appreciation potential in one of the San Gabriel Valley’s most desirable rental markets.
Additional Information
- Association Amenities
- Insurance, Trash
- Appliances
- Dishwasher, Gas Range, Refrigerator, Range Hood, Tankless Water Heater
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Exterior Construction
- Unknown
- Roof
- Tile
- Garage Spaces Total
- 36
- Sewer
- Unknown
- Water
- See Remarks
- Interior Features
- Balcony, Open Floorplan, Stone Counters, All Bedrooms Up
- Attached Structure
- Attached
- Number Of Units Total
- 18
- Gross Scheduled Income
- $718,680
- Operating Expense
- 192640
Listing courtesy of Listing Agent: HE GEORGE GAO (georgegaorealtor@gmail.com) from Listing Office: RE/MAX ELITE REALTY.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.