723 S Stoneman, Alhambra, CA 91801
723 S Stoneman, Alhambra, CA 91801
723 S Stoneman, Alhambra, CA 91801
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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353
$12,980,000
Est. payment /mo
5 Beds
7 Baths
0.66 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26145193

Bedrooms 5

Lot Size 0.659 Acres

Property Sub-Type Res Income 2-4 Units

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 Valleys most desirable rental markets.

Location

State CA

County Los Angeles

Zoning Appraiser

Direction east of Garfield Ave; North of Valley Blvd

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Roof Type Tile/Clay

Building

Story 3

Level or Stories 3

Others

HOA Fee Include Limited Insurance,Sewer,Trash Pickup

Senior Community No

Tax ID 5347014065

Acceptable Financing Conventional

Listing Terms Conventional

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MLS Router / San Diego MLS
Listed by HE GEORGE GAO, DRE#01422025 RE/MAX ELITE REALTY 

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723 S Stoneman