723 S Stoneman , Alhambra, CA 91801
$12,980,000
Est. Payment: $65,313.31/mo
5 Bed
7 Bath
20829 Sqft
Status: active | Days on site: 36
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House 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.

Highlights

Listed by HE GEORGE GAO , 626-679-0858 RE/MAX ELITE REALTY , 626-248-9200. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.66

Year Built

2022

County

Los Angeles

Area

601 - Alhambra

Listing ID

WS26145193

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:7
  • Full Bathrooms:
Appliances:Dishwasher, Gas Range, Refrigerator, Range Hood, Tankless Water Heater
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Laminate,Tile
Other:Balcony,Open Floorplan,Stone Counters,All Bedrooms Up
Other:See Remarks

Exterior Features

Lot:16-20 Units/Acre,No Land Lease
Garage Capacity:42
Roof:Tile
Others:Lighting,Rain Gutters,Turnkey,Unknown,2+ Total Units
Sewer:Unknown
Parking Features:Garage
Principal Interest
$65,313
Taxes
$8,275

Home Price

$12,980,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$2,596,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$65,313.31

Principal

Taxes

Principal Taxes HOA Total
Monthly $65,313.31 $8,274.75 $0.00 $73,588.06
Yearly $783,759.70 $99,297.00 $0.00 $883,056.70
Total $23,512,790.87 $2,978,910.00 $0.00 $26,491,700.87

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Alhambra, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T22:36:24.000Z

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