723 Stoneman, Alhambra, CA 91801
  • MLS#: WS25279408 ( Apartment )
  • Street Address: 723 Stoneman
  • Viewed: 7
  • Price: $13,680,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2022
  • Bldg sqft: 0
  • Days On Market: 20
  • Additional Information
  • County: LOS ANGELES
  • City: Alhambra
  • Zipcode: 91801
  • Provided by: RE/MAX ELITE REALTY
  • Contact: HE GEORGE HE GEORGE
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Accessibility Features
  1. Parking
  2. See Remarks
Appliances
  1. Dishwasher
  2. Gas Range
  3. Range Hood
  4. Refrigerator
  5. Tankless Water Heater
Architectural Style
  1. Traditional
Assessments
  1. None
Association Amenities
  1. Insurance
  2. Trash
  3. Sewer
Building Area Total
  1. 20829.00
Cable Tv Expense
  1. 11456.00
Carport Spaces
  1. 6.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Unknown
Cooling
  1. Central Air
Country
  1. US
Current Financing
  1. Conventional
Electric
  1. Standard
Electric Expense
  1. 6427.00
Entry Location
  1. Front Door
Fireplace Features
  1. None
Flooring
  1. Carpet
  2. Laminate
  3. Tile
Foundation Details
  1. Concrete Perimeter
Garage Spaces
  1. 36.00
Gardner Expense
  1. 9600.00
Heating
  1. Central
Insurance Expense
  1. 10559.00
Interior Features
  1. Living Room Balcony
  2. Open Floorplan
  3. Stone Counters
Landleaseamount
  1. 0.00
Laundry Features
  1. In Closet
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 535906.00
Newtaxesexpense
  1. 86430.00
Number Of Buildings
  1. 18
Number Of Separate Electric Meters
  1. 18
Number Of Separate Gas Meters
  1. 18
Number Of Separate Water Meters
  1. 18
Number With Dishwasher
  1. 18
Number With Range
  1. 18
Number Wit Hrefrigerator
  1. 18
Parcel Number
  1. 5347014065
Parking Features
  1. Garage
Pest Control Expense
  1. 1836.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 29141.00
Property Type
  1. Apartment
Property Condition
  1. Turnkey
Roof
  1. Tile
Sewer
  1. Unknown
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 453681713:CRM
Totalexpenses
  1. 192640.00
Trash Expense
  1. 11906.00
Utilities
  1. Electricity Available
  2. Electricity Connected
  3. Natural Gas Connected
  4. Sewer Available
  5. Water Connected
Water Sewer Expense
  1. 3855.80
Water Source
  1. See Remarks
Window Features
  1. Blinds
  2. Double Pane Windows
  3. Screens
Year Built
  1. 2022
Year Built Source
  1. Appraiser