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Listed by HE GEORGE GAO, DRE #01422025 • RE/MAX ELITE REALTY
$ 12,980,000
Est. payment /mo
Active
723 S Stoneman Alhambra, CA 91801
0.66 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS26145193
Style Traditional
Year Built 2022
Lot Size 0.659 Acres
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area 601 - Alhambra
Rooms
Kitchen Dishwasher, Hood Over Range, Oven Range - Gas, Refrigerator
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry In Closet
Exterior
Parking Features Garage
Garage Spaces 42.0
Pool None
Roof Type Tile
Building
Foundation Concrete Perimeter
Sewer TBD
Water Other
Architectural Style Traditional
Others
Tax ID 5347014065
Special Listing Condition Not Applicable
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