723 S Stoneman Ave Alhambra, CA 91801
Alhambra Acres NeighborhoodEstimated payment $85,568/month
Highlights
- 0.66 Acre Lot
- Open Floorplan
- Stone Countertops
- Martha Baldwin Elementary School Rated A
- Traditional Architecture
- Double Pane Windows
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.
Listing Agent
RE/MAX ELITE REALTY Brokerage Phone: 626-679-0858 License #01422025 Listed on: 12/22/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2022
Lot Details
- 0.66 Acre Lot
- 1 Common Wall
- Density is 16-20 Units/Acre
- Land Lease expires 12/1/25
Parking
- 36 Car Garage
- 6 Carport Spaces
- Parking Available
Home Design
- Traditional Architecture
- Apartment
- Entry on the 1st floor
- Turnkey
- Tile Roof
- Concrete Perimeter Foundation
Interior Spaces
- 20,829 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Double Pane Windows
- Blinds
- Window Screens
- Entryway
- Living Room
- Living Room Balcony
- Laundry Room
Kitchen
- Gas Range
- Range Hood
- Dishwasher
- Stone Countertops
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- All Upper Level Bedrooms
- 7 Bathrooms
Accessible Home Design
- Accessible Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Tankless Water Heater
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 12
- Assessor Parcel Number 5347014065
- $427 per year additional tax assessments
Community Details
Overview
- Master Insurance
- 18 Buildings
- 18 Units
Building Details
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- 18 Separate Water Meters
- Cable TV Expense $11,456
- Electric Expense $6,427
- Gardener Expense $9,600
- Insurance Expense $10,559
- Maintenance Expense $16,028
- Pest Control $1,836
- Professional Management Expense $29,141
- Trash Expense $11,906
- Water Sewer Expense $3,856
- Security Expense $900
- New Taxes Expense $86,430
- Operating Expense $192,640
- Gross Income $728,547
- Net Operating Income $535,906
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2020 | -- | $1,384,772 | $1,384,772 | $0 |
| 2019 | -- | $1,357,620 | $1,357,620 | $0 |
| 2018 | -- | $848,822 | $599,836 | $248,986 |
| 2016 | -- | $815,863 | $576,545 | $239,318 |
| 2015 | -- | $803,609 | $567,885 | $235,724 |
| 2014 | -- | $787,868 | $556,761 | $231,107 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2025 12/22/25 | For Sale | $13,680,000 | -- | $657 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Chicago Title Co Com Div | |
| Grant Deed | $2,420,000 | Stewart Title Company | |
| Grant Deed | $1,350,000 | Investors Title | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Grant Deed | -- | Itc Gln |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,480,000 | Construction | |
| Previous Owner | $675,000 | Purchase Money Mortgage | |
| Previous Owner | $412,500 | Purchase Money Mortgage | |
| Previous Owner | $412,500 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS25279408
APN: 5347-014-006
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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