723 S Stoneman
Alhambra, CA, 91801
$12,980,000
Beds
0 Baths
0 SqFt
0.66 Acres
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MLS #WS26145193 image #0
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.

Property Details

Price:
$12,980,000
MLS #:
WS26145193
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
601alhambra
Listed Date:
Jul 3, 2026
Total Sq Ft:
20,829
Lot Size:
28,690 sqft / 0.66 acres (approx)
Year Built:
2022
Traditional601 – Alhambra601alhambra

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Schools

Interior

Appliances
DW, RF, GR, HOD, TW
Cooling
CA
Flooring
TILE, LAM, CARP
Heating
CF
Interior Features
STNC, LRBA, OFP
Laundry Features
ICL

Exterior

Accessibility Features
PK, SEE
Architectural Style
TRD
Common Walls
_1CW
Community Features
SDW, SL
Construction Materials
UNK
Exterior Features
LIT, RG
Garage Spaces
36
Parking Spots
42
Parking Total
42
Roof
TLE
Window Features
BLI, SCR, DPW

Financial

Gross Operating Income
$728,547
Maintenance Fee
$16,028
Net Operating Income
$535,906

Map

Community

Subdivisions in Alhambra

Market Summary

Current real estate data for Single Family in Alhambra as of Jul 07, 2026
152
Single Family Listed
58
Avg DOM
344
Avg $ / SqFt
$897,050
Avg List Price

Property Summary

    723 S Stoneman Alhambra CA is a Single Family for sale in Alhambra, CA, 91801. It is listed for $12,980,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 2022. The average price per square foot for Single Family listings in Alhambra is $344. The average listing price for Single Family in Alhambra is $897,050.

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723 S Stoneman
Alhambra, CA