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Listed by RE/MAX ELITE REALTY
$ 13,680,000
Est. payment /mo
Active
723 S Stoneman Alhambra, CA 91801
20,829 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 20,829 sqft
Price per Sqft $656
MLS Listing ID CRWS25279408
HOA Y/N No
Year Built 2022
Lot Size 0.659 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Heating Other
Cooling Central Air
Flooring Laminate, Tile, Carpet
Fireplace No
Appliance Tankless Water Heater
Laundry Laundry Closet
Exterior
Handicap Access Other, See Remarks