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JLee Broker

[email protected] +1(650) 857-1000

Listed by HE GEORGE GAO, DRE #01422025 • RE/MAX ELITE REALTY

$12,980,000

Est. payment - /mo

0.66 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRWS26145193

Style Traditional

Year Built 2022

Lot Size 0.659 Acres

Source California Regional MLS

Property 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

Location

State CA

County Los Angeles

Area 601 - Alhambra

Rooms

Kitchen Dishwasher, Hood Over Range, Oven Range - Gas, Refrigerator

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Laminate

Laundry In Closet

Exterior

Parking Features Garage

Garage Spaces 42.0

Pool None

Roof Type Tile

Building

Foundation Concrete Perimeter

Sewer TBD

Water Other

Architectural Style Traditional

Others

Tax ID 5347014065

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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723 S Stoneman Alhambra, CA 91801

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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