723 S Stoneman, Alhambra, CA 91801
Local realty services provided by:CENTURY 21 Century Real Estate
723 S Stoneman,Alhambra, CA 91801
$13,680,000
- - Beds
- - Baths
- 20,829 sq. ft.
- Multi-family
- Active
Listed by: he george gao
Office: re/max elite realty
MLS#:WS25279408
Source:CRMLS
Price summary
- Price:$13,680,000
- Price per sq. ft.:$656.78
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.
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Home facts
- Year built:2022
- Listing ID #:WS25279408
- Added:1 day(s) ago
- Updated:December 23, 2025 at 06:34 PM
Rooms and interior
- Living area:20,829 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Tile
- Year built:2022
- Building area:20,829 sq. ft.
- Lot area:0.66 Acres
Utilities
- Water:Water Connected
- Sewer:Sewer Available
Finances and disclosures
- Price:$13,680,000
- Price per sq. ft.:$656.78
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