723 S Stoneman, Alhambra, CA 91801
- $12,980,000
List Agent HE GEORGE GAO () 626-679-0858 RE/MAX ELITE REALTY; CoList ()
- List Price
- $12,980,000
- Status
- ACTIVE
- MLS#
- WS26145193
- Year Built
- 2022
- Lot Size
- 28,690
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 27
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Apartment
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 Valley’s most desirable rental markets.
Additional Information
- Association Amenities
- Insurance, Trash
- Appliances
- Dishwasher, Gas Range, Refrigerator, Range Hood, Tankless Water Heater
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Exterior Construction
- Unknown
- Roof
- Tile
- Garage Spaces Total
- 36
- Sewer
- Unknown
- Water
- See Remarks
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.