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$13,680,000
Est. payment /mo
5 Beds
0.66 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS25279408
Bedrooms 5
Lot Size 0.659 Acres
Property Sub-Type Res Income 2-4 Units
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 Gabriel Valleys most desirable rental markets.
Location
State CA
County Los Angeles
Zoning Appraiser
Direction east of Garfield Ave; North of Valley Blvd
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Roof Type Tile/Clay
Building
Story 3
Level or Stories 3
Others
HOA Fee Include Limited Insurance,Sewer,Trash Pickup
Senior Community No
Tax ID 5347014065
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by HE GEORGE GAO RE/MAX ELITE REALTY
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