$12,980,000
About this home
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.
Facts & features
- Interior features
- Balcony, Open Floorplan, Stone Counters, All Bedrooms Up
- Appliances
- Dishwasher, Gas Range, Refrigerator, Range Hood, Tankless Water Heater
- Flooring
- Carpet, Laminate, Tile
- Fireplace
- None
- Heating
- Central
- Cooling
- Central Air
- Laundry
- Laundry Closet
- Lot size
- 0.659 acres (28,690 sq ft)
- Pool
- None
- Architectural style
- Traditional
- Year built
- 2022
- Parking
- Garage
- Parking spaces
- 42
- Area
- 601 - Alhambra
- County
- Los Angeles
- Community features
- Street Lights, Sidewalks
- Status
- Active
- Property type
- Apartment
- Days on market
- 0
- Listed
- 2026-07-03
- Terms
- Cash To New Loan, Conventional
- Parcel #
- 5347014065
- MLS #
- WS26145193
