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326 N Stoneman

Alhambra, CA 91801

$2,675,000 $11,277/Mo

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Overview

Bed

Bath

11,801

Sqft(Lot)

Description

Please Ignore Low CAP rate & High GRM and go see this Building!!!! Major upside in rents and NO LA City or LA County RSO in the city of Alhambra! Some rents over 50% below market. Seller owned for 40 years.. Make this exceptional asset the trophy of your portfolio! Located in the thriving city of Alhambra, this pride-of-ownership 8-unit apartment complex offers an attractive combination of current income, future upside, and strong tenant amenities. The well-balanced unit mix includes four spacious 2-bedroom units, three 1-bedroom units, and a deluxe 3-bedroom, 2-bathroom unit. The property presents significant rental upside, with annual rent increases available, and is not subject to City of Los Angeles or County of Los Angeles rent-control ordinances. Residents enjoy an impressive array of amenities, including 11 covered parking spaces plus 5 additional open spaces, large private balconies and/or patios, and convenient on-site common-area laundry facilities. The property sits on an oversized 11,797-square-foot lot featuring lush landscaping and a welcoming residential setting. With potential cash flow at the list price, meaningful rental upside, attractive physical characteristics, and a desirable Alhambra location, this is an opportunity to acquire a well-maintained multifamily asset with both immediate appeal and long-term investment potential. A rare combination of pride of ownership, income potential, and location—this is an asset worth taking a closer look at.

Property Details

Property Type : ResidentialIncome

Price : $2,675,000

AD Id : 91569166

MLS Id : SB26212492

Beds : 6

Lot Size : 11,801 Sq. Ft

Year Built : 1976

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Building Information

Year Built: 1976

Building Area Total: 8482

Pool Features: None

Private Pool: No

View: None

Lot Information

Main Square Feet: 11801 Lot Size Acres: 0.2709 Lot Size Source: Assessor Lot Size Square Feet: 11,801 Lot Description: SixToTenUnitsAcre

Listing Price Information

Listing Price: $2675000

Cash, CashToNewLoan

Tax Information

Parcel Number: 5337006003 Tax Lot: 4 Tax Block: E

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 16 Assigned

Location Information

Direction: 1 Block off N Garfield and E. Main WaterSource: Public

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Nearby Home Value

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320 S Cordova, Alhambra, CA, 91801	$1,195,000	4	2	1,568	7,268 Sq. Ft
308 S Almansor Street, Alhambra, CA, 91801	$1,588,000	4	4	--	7,503 Sq. Ft
224 S Almansor, Alhambra, CA, 91801	$1,399,900	4	4	--	7,663 Sq. Ft
405 E Ramona, Alhambra, CA, 91801	$908,000	2	3	1,485	5,892 Sq. Ft
912 S Garfield, Alhambra, CA, 91801	$1,449,000	5	5	--	9,142 Sq. Ft
1825 S Sierra Vista Ave.., Alhambra, CA, 91801	$998,000	4	2	1,760	10,007 Sq. Ft
1809 S Stoneman, Alhambra, CA, 91801	$1,479,990	6	5	--	6,665 Sq. Ft
301 W Adams Avenue, Alhambra, CA, 91801	$1,395,000	4	2	1,342	6,454 Sq. Ft
903 N 1st, Alhambra, CA, 91801	$980,888	3	4	--	6,598 Sq. Ft
903 N 1st, Alhambra, CA, 91801	$980,888	3	4	1,790	6,598 Sq. Ft