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.
20,829 Sq Ft
0.6586 Private Acres Lot Size
apartment
Built in 2022
MLS/Listing ID WS26145193
18 Units
Refrigerator
Tankless Water Heater
Parking
Parking - Garage
Laundry Closet
All Bedrooms Up
Balcony
Open Floor Plan
Stone Countertops
Concrete Perimeter
Carpet
Laminate
Tile
Lighting
Rain Gutters
Cooling - Central Air
Community - Sidewalks
Community - Street Lights
Association - Insurance
Association - Trash
Style - Traditional
Dishwasher
Gas Range
Range Hood
Blinds
Double Pane Windows
Screens
TOTAL MONTHLY COST
$0
$0
$0
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.