723 S Stoneman Ave

58
Baths
20,829 Sq. Ft.
$657 / Sq. Ft.
20,829
Sq. Ft.
$657
per Sq. Ft.

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,...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.
  1. Listed by HE GEORGE GAO • DRE #01422025 • Brokerage DRE #01836555 • RE/MAX ELITE REALTY • 626-679-0858

Property Details for 723 South Stoneman Avenue

Architectural Style
Traditional
Parking Spaces Total
42
Private Pool
No
Cooling Type
Central Air
Total Units
18.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
20829
LISTING UPDATED: 12/23/2025 06:31 AM

Property Details for 723 South Stoneman Avenue

StatusActive
MLS #WS25279408
Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built2022
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX ELITE REALTY, HE GEORGE GAO, DRE #01422025
Add your commute

Building Information for 723 South Stoneman Avenue

Building/Complex723 S Stoneman AveFloor-Stories3Residences-Pet Policy-Pet Policy Details-Year Built2022Building Size-

Payment Calculator

$68,193 per month

30 year fixed, 6.15% Interest

Principal and Interest

$66,674

Property Taxes

$1,519

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 723 South Stoneman Avenue

Rental Info
Rental Info
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $718,680
  • Gross Spendable Income: $32,400
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $728,547
  • Net Operating Income: $535,906
  • Cap Rate: 4.0
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $192,640
  • New Taxes Expense: $86,430
  • Gardener Expense: $9,600
  • Cable TV Expense: $11,456
  • Pest Control Expense: $1,836
  • Security Expense: $900
  • Electric Expense: $6,427
  • Insurance Expense: $10,559
  • Maintenance Expense: $16,028
  • Maintenance Percent: 2.20%
  • Professional Management Expense: $29,141
  • Trash Expense: $11,906
  • Water Sewer Expense: $3,856
  • Total Expenses: $192,640
Tax / Assessment Info
  • Tax Tract Number: 12
  • CFD/Mello-Roos Fee: $427
  • Tax Lot: 1
Community / Development
Community / Development
  • Accessibility Features: Parking, See Remarks
  • Disability Access: Other Main Level Modifications
  • Association Amenities: Insurance, Trash, Sewer
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Range Hood, Refrigerator, Tankless Water Heater
  • Equipment: Dishwasher, In Closet, Refrigerator
  • Interior Features: Living Room Balcony, Open Floorplan, Stone Counters
  • Room Type: All Bedrooms Up, Entry, Kitchen, Laundry, Living Room
  • Bedroom Features: All Bedrooms Up
  • Water Heater Features: Tankless
  • Laundry: Yes
  • Laundry Features: In Closet
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Carpet, Laminate, Tile
  • Flooring: Carpet, Laminate, Tile
Exterior Features
  • Window Features: Blinds, Double Pane Windows, Screens
  • Construction Materials: Unknown
  • Exterior Construction: Other
  • Exterior Features: Lighting, Rain Gutters
  • Roof: Tile
  • Entry Location: Front Door
  • Foundation Details: Concrete Perimeter
  • Foundation Details: Concrete Perimeter
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 18
  • Land Lease: No
  • Land Lease Amount: $0
  • Land Lease Type: Fee
  • LandLeaseExpirationDate: 12-01-2025
  • Land Lease Expiration Year: 2025
  • Water: See Remarks
  • Sewer: Unknown
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Available, Water Connected
  • Electric: Standard
  • Water Source: See Remarks
Parking Info
  • Garage Spaces: 36
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 36
  • Carport Spaces: 6
  • Parking Features: Garage
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 14
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,100
  • Unit Type Total Rent: $520,800
  • Unit Type Pro Forma: 554400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,700
  • Unit Type Total Rent: $177,600
  • Unit Type Pro Forma: 182400
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 18
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 18
  • Number With Dishwasher: 18
  • Number With Range: 18
  • Number With Refrigerator: 18

Property History for 723 South Stoneman Avenue

DateEvent & SourcePriceAppreciation
Dec 22, 2025

Listed (Active)

CLAW #WS25279408MR

$13,680,000
Dec 22, 2025

Listed (Active)

SDMLS #WS25279408

$13,680,000
Dec 22, 2025

Listed (Active)

CRMLS #WS25279408

$13,680,000
Sep 12, 2008

Expired

CRMLS #W08086102

$798,000
Sep 12, 2008

Expired

CRMLS #W08086110

$1,396,000
Sep 12, 2008

Expired

CLAW #W08086110MR

Sep 12, 2008

Expired

CLAW #W08086102MR

Jun 12, 2008

Listed (Active)

CLAW #W08086110MR

$1,396,000
Jun 12, 2008

Listed (Active)

CRMLS #W08086102

$798,000
Jun 12, 2008

Listed (Active)

CRMLS #W08086110

$1,396,000
Jun 12, 2008

Listed (Active)

CLAW #W08086102MR

$798,000
May 15, 2008

Sold (Public Record)

Public Record #236806293

$550,000
DateEvent & SourcePrice
12/22/2025

Listed (Active)

CLAW #WS25279408MR

$13,680,000
12/22/2025

Listed (Active)

SDMLS #WS25279408

$13,680,000
12/22/2025

Listed (Active)

CRMLS #WS25279408

$13,680,000
09/12/2008

Expired

CRMLS #W08086102

$798,000
09/12/2008

Expired

CRMLS #W08086110

$1,396,000
09/12/2008

Expired

CLAW #W08086110MR

09/12/2008

Expired

CLAW #W08086102MR

06/12/2008

Listed (Active)

CLAW #W08086110MR

$1,396,000
06/12/2008

Listed (Active)

CRMLS #W08086102

$798,000
06/12/2008

Listed (Active)

CRMLS #W08086110

$1,396,000
06/12/2008

Listed (Active)

CLAW #W08086102MR

$798,000
05/15/2008

Sold (Public Record)

Public Record #236806293

$550,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 723 South Stoneman Avenue

Taxable ValueLand$1,384,772Additions-Total$1,384,772
Tax Record2020$18,225 ($1,519 / month)
Home Facts
Beds5Lot Size9,567 SqFtStyleResidentialYear Built1951ZoningALRPD*CountyLOS ANGELESAPN5347014006

Schools near 723 South Stoneman Avenue

This home is within Alhambra Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Martha Baldwin Elementary School
PublicK to 8

San Gabriel High School
Public9 to 12

Independence High (Alternative) School
Public9 to 12

Emmaus Lutheran
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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723 South Stoneman Avenue is a multi-family home for sale in Alhambra, CA 91801. This property was listed for sale on December 22, 2025 by RE/MAX ELITE REALTY, it's currently listed at $13,680,000. It has been on the market for a total of 63 days and was last sold on May 15, 2008. This listing's school district is Alhambra Unified School District. Nearby schools include Martha Baldwin Elementary School, San Gabriel High School and Independence High (Alternative) School. 723 South Stoneman Avenue is a 5-bed, 58-bath, 20,829 sqft multi-family home built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX ELITE REALTY, HE GEORGE GAO, DRE #01422025

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.