Active

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 : Residential Income

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

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Water/Sewer

    Water Source: See Remarks Sewer: Unknown
  • Interior Features

    Roof: Tile Exterior Property Features: Lighting,Rain Gutters Interior Features: Balcony,Open Floorplan,Stone Counters,All Bedrooms Up Windows: Blinds,Double Pane Windows,Screens Property Appliances: Dishwasher,Gas Range,Refrigerator,Range Hood,Tankless Water Heater Fireplace: None Flooring: Carpet,Laminate,Tile
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 2022 Building Area Total: 20,829 Construction: Unknown Roof: Tile
  • Exterior Features

    Lighting,Rain Gutters

    Foundation

    Concrete Perimeter
  • Accessibility Features

    Parking,See Remarks

    Pool Features

    None

    Laundry Features

    Laundry Closet

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.6586
  • Lot Size Source: Assessor Lot Size Square Feet: 28690

  • Listing Price Information

    Original List Price: 12,980,000 Listing Contract Date: 2026-07-03
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5347014065

  • Garage and Parking

    Garage Description: Garage

    Homeowners Association

    Association Amenities: Insurance,Trash

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 601 - Alhambra Directions: east of Garfield Ave; North of Valley Blvd Source Property Type: Residential Income Area: 601 - Alhambra Property SubType: Apartment
  • Building and Construction

    Property Age: 4 Common Walls: 1 Common Wall Property Condition: Turnkey Structure Type: Apartment Year Built Source: Appraiser Entry Level: 1 Entry Location: Front Door Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
101 S El Molino Street, Alhambra, CA, 91801 $1,249,000 3 1 1,567 1,567 SqFt
1421 E Norwood, Alhambra, CA, 91801 $1,050,000 3 2 1,737 1,737 SqFt
1108 S Vega, Alhambra, CA, 91801 $1,250,000 3 1 1,238 1,238 SqFt
1404 Violeta, Alhambra, CA, 91801 $1,190,000 5 3 1,711 1,711 SqFt
1621 Geranio, Alhambra, CA, 91801 $1,080,000 4 3 1,608 1,608 SqFt
109 S Cordova Street, Alhambra, CA, 91801 $1,288,000 5 3 3,241 3,241 SqFt
308 S Almansor Street, Alhambra, CA, 91801 $1,588,000 4 2 2,430 2,430 SqFt
909 S Almansor S, Alhambra, CA, 91801 $1,055,000 3 2 1,377 1,377 SqFt
937 N Granada, Alhambra, CA, 91801 $1,598,000 3 2 2,190 2,190 SqFt
908 N Cordova, Alhambra, CA, 91801 $1,285,000 2 2 1,352 1,352 SqFt

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ByOwner last updated this listing 07/06/2026 @ 15:07

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

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