723 S Stoneman Ave, Alhambra, CA 91801 (MLS # WS25279408)

Price	$13,680,000
Status	Active
Beds	5
Baths	7 Baths
Home size	n/a
Lot Size	28,689 sqft
Days on Market	2

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.

Property Type(s): Multi Family

Last Updated	12/22/2025	Year Built	0
County	Los Angeles

Additional Details

AIR	Central Air
AIR CONDITIONING	Yes
AMENITIES	Sewer
LOT	0.6586 acre(s)
STORIES	3

Listed with RE/MAX ELITE REALTY

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Properties on this website was last updated as recently as 12/24/25 12:01 PM PST.

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