CA > Alhambra
Alhambra, CA 91801,723 S Stoneman
Alhambra, CA 91801,723 S Stoneman
Alhambra, CA 91801,723 S Stoneman
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$13,680,000
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723 S Stoneman Alhambra, CA 91801

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Ara Sanders

Ara Sanders

+1(702) 205-8305

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25279408

Construction Status Turnkey

HOA Y/N No

Year Built 2022

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.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Interior

Interior Features Balcony, Open Floorplan, Stone Counters, All Bedrooms Up

Heating Central

Cooling Central Air

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Refrigerator, Range Hood, Tankless Water Heater

Laundry Laundry Closet

Exterior

Exterior Feature Lighting, Rain Gutters

Parking Features Garage

Garage Spaces 36.0

Carport Spaces 6

Garage Description 36.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Available, Water Connected

Amenities Available Insurance, Trash

Roof Type Tile

Accessibility Parking, See Remarks

Total Parking Spaces 42

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 3

Foundation Concrete Perimeter

Sewer Unknown

Water See Remarks

Architectural Style Traditional

New Construction No

Construction Status Turnkey

Others

HOA Fee Include Sewer

Senior Community No

Tax ID 5347014065

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS – RECore
Listed by HE GEORGE GAO RE/MAX ELITE REALTY 626-679-0858

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Ara Sanders

Ara Sanders

+1(702) 205-8305

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723 S Stoneman