Date
Details
Price
Change
Source
12/22/2025
Listed
$13,680,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/11
$13,680,000
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1/11
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 Gabriel Valley's most desirable rental markets.
Full Property Details
Full Property Details for 723 S Stoneman
General
- Price: $13,680,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: WS25279408
- Updated: 12/23/2025
- Days on Market: 25 days
- Added to Site: 25 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Up, Entry, Kitchen, Laundry, Living Room
- Interior Features: Living Room Balcony, Open Floorplan, Stone Counters
- Fireplace(s): None
- Appliances: Dishwasher, Gas Range, Range Hood, Refrigerator, Tankless Water Heater
- Flooring: Carpet, Laminate, Tile
Rooms
Other Rooms
- Laundry: In Closet
Additional Information
- Shared Amenities: Insurance, Trash, Sewer
- Pool Description: None
Exterior
- Exterior Features: Lighting, Rain Gutters
Parking
- Garage Spaces: 36
- Parking Features: Garage
- Parking: Garage
Location
- Area: 601 - Alhambra
- County: Los Angeles
- Development Name: 601 - Alhambra
- Driving Directions: east of Garfield Ave; North of Valley Blvd
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Water: See Remarks
- # Water Meters: 18
- # Gas Meters: 18
- # Electric Meters: 18
Structural Information
- Architectural Style: Traditional
- Foundation: Concrete Perimeter
- Roof: Tile
- Windows: Blinds, Double-Pane Windows, Screens
- Entry Location: Front Door
- Square Feet: 20,829
- Year Built: 2022
Unit Information
Unit 1
- Number of Units: 14
- Total Bathrooms: 3
- Bedrooms: 2
Unit 2
- Number of Units: 4
- Total Bathrooms: 4
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.6586
- Lot Size (Sq. Ft.): 28,690
- Lot Size Source: Assessor
- Lot Description: 16-20 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $656.78
- Price Per Unit: 760000
Listed by Re/Max Elite Realty, HE GEORGE GAO
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Listing agent
— 723 S Stoneman —
HE GEORGE GAO
Re/Max Elite Realty
626-679-0858
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 723 S Stoneman
School District:Alhambra Unified School District
| Name | Grades | Distance |
|---|---|---|
Martha Baldwin Elementary School 900 South Almansor Street, Alhambra, CA 91801 | K-8 | 0.3 mi |
San Gabriel High School 801 South Ramona Street, San Gabriel, CA 91776 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 723 S Stoneman
Estimate the Cost
Estimate the Cost for 723 S Stoneman
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- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 984Sq. Ft.
- Office
- Active
- Updated 3 days ago
- 3,206Sq. Ft.
- 0.2124Acres
- Commercial Lease
- Active
- Updated 4 hours ago
- 5,255Sq. Ft.
- 0.1277Acres
- Single Family
- Active
- Updated 5 hours ago
- 3Beds
- 2Total Baths
- 2,456Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,333Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 2Beds
- 1Total Bath
- 777Sq. Ft.
- Mobile Home
- Active
- Updated 18 hours ago
- 2Beds
- 2Total Baths
- 1,000Sq. Ft.
- Single Family
- Active
- Updated 9 minutes ago
- 4Beds
- 4Total Baths
- 3,365Sq. Ft.
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- Single Family
- Closed
- 7Beds
- 15Total Baths
- 11,100Sq. Ft.
Listed by Darrell Done (CalRE#: 01233781) and Carol Chua (CalRE#: 00908699)
723 S Stoneman, Alhambra, CA 91801 (MLS# WS25279408) is a Multi-Family property with 18 units containing 0 bedrooms and 0 full bathrooms. 723 S Stoneman is currently listed for $13,680,000 and was received on December 22, 2025. Want to learn more about 723 S Stoneman? Do you have questions about finding other Multi-Family real estate for sale in Alhambra? You can browse all Alhambra real estate or contact a Coldwell Banker agent to request more information.