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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 Type(s):
Residential Income
| Last Updated | 12/22/2025 | Year Built | 2022 |
|---|---|---|---|
| Community | 601 - Alhambra | Garage Spaces | 36.0 |
| County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Sewer |
| APPLIANCES | Dishwasher, Gas Range, Range Hood, Refrigerator, Tankless Water Heater |
| AREA | 601 - Alhambra |
| CONSTRUCTION | Unknown |
| EXTERIOR | Balcony, Lighting, Rain Gutters |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Open Floorplan, Stone Counters |
| LOT | 0.6586 acre(s) |
| LOT DIMENSIONS | 28690 |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SEWER | Unknown |
| STORIES | 3 |
| STYLE | Traditional |
| UTILITIES | Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Available, Water Connected |
| WATER | See Remarks |
Location
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Listed with RE/MAX ELITE REALTY
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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