723 S Stoneman, Alhambra, CA 91801
723 S Stoneman, Alhambra, CA 91801
723 S Stoneman, Alhambra, CA 91801
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Jerrod Waller

Jerrod Waller

+1(858) 822-8634
$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 

NEARBY SCHOOL & BUSINESS

Jerrod Waller

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
 

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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723 S Stoneman