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723 S Stoneman

Alhambra, CA 91801
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Bed 0

Bed

Bath 0

Bath

SqFt20,829

Sqft

SqFt28,690

Sqft(Lot)

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 tena nts 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $12,980,000

AD Id : 87553427

MLS Id : WS26145193

Lot Size : 28,690 Sqft

Living Area Size : 20,829

Year Built : 2022

Garage : 36

County : Los Angeles

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Feature Features

  • Interior Features

    Balcony, Open Floorplan, Stone Counters, All Bedrooms Up
    Roof: Tile
    Appliances: Dishwasher, Gas Range, Refrigerator, Range Hood, Tankless Water Heater
    Laundry Features: Laundry Closet
    Window Features: Blinds, Double Pane Windows, Screens
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 2022
    Building Area Total: 20829
    Construction Materials: Unknown
    Pool Features: None
    Private Pool: No
  • Exterior Features

    Exterior Features: Lighting, Rain Gutters

  • Lot Information

    Main Square Feet: 28690 Lot Size Acres: 0.6586 Lot Size Source: Assessor Lot Size Square Feet: 28,690 Lot Description: 16-20 Units/Acre

  • Listing Price Information

    Listing Price: $12980000
    Cash to New Loan, Conventional

  • Tax Information

    Parcel Number: 5347014065 Tax Lot: 1

  • Parking Information

    Parking Total: 42 Garage

    Garage Information

    Has Garage: Yes Garage Space: 36

    Homeowners Association Information

    Included Fees: Sewer
    Association Amenities: Insurance, Trash
    Community Features: Street Lights, Sidewalks

  • Utility Information

    Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Available, Water Connected
  • Location Information

    Direction: east of Garfield Ave; North of Valley Blvd WaterSource: See Remarks
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1309 E Norwood Place, Alhambra, CA, 91801 $935,000 3 1 1,145 1,145 SqFt
1421 E Norwood, Alhambra, CA, 91801 $1,050,000 3 2 1,737 1,737 SqFt
1108 S Vega, Alhambra, CA, 91801 $1,299,000 3 2 1,238 1,238 SqFt
1404 Violeta, Alhambra, CA, 91801 $1,190,000 5 3 1,711 1,711 SqFt
109 S Cordova Street, Alhambra, CA, 91801 $1,288,000 5 6 3,241 3,241 SqFt
308 S Almansor Street, Alhambra, CA, 91801 $1,588,000 4 2 2,430 2,430 SqFt
400 San Pasqual Drive, Alhambra, CA, 91801 $980,000 3 1 1,080 1,080 SqFt
745 S Chapel Ave, Alhambra, CA, 91801 $1,590,000 6 4 3,106 3,106 SqFt
333 N Chapel Avenue, Alhambra, CA, 91801 $2,350,000 -- -- 5,699 5,699 SqFt
104 106 E Linda Vista A.., Alhambra, CA, 91801 $1,658,000 6 8 2,793 2,793 SqFt

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ByOwner last updated this listing 08/20/2026 @ 20:25

MLS: WS26145193 LISTED BY: HE GEORGE GAO, RE/MAX ELITE REALTY 626-248-9200 SOURCE: CRMLS

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