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For sale
    • Listed by: RE/MAX ELITE REALTY • HE GEORGE GAO • Contact: 626-679-0858
    $12,980,000

    723 S Stoneman Ave, Alhambra, CA 91801

    40beds
    58baths
    20,829sqft
    : 
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    Multi Family
    Built in 2022
    -- sqft lot
    $-- Zestimate®
    $623/sqft
    $-- HOA

    What's special

    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.
    8 days
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    187
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    6
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    Zillow last checked:

    Listing updated:

    Listed by:

    HE GEORGE GAO DRE #01422025 626-679-0858,

    RE/MAX ELITE REALTY

    Source: CRMLS,MLS#: WS26145193MLS LogoOriginating MLS: California Regional MLS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 40
      • Bathrooms: 58
      Rooms
      • Room types: Bedroom, Entry/Foyer, Kitchen, Laundry, Living Room
      Bedroom
      • Features: All Bedrooms Up
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Gas Range, Refrigerator, Range Hood, Tankless Water Heater
      • Laundry: Laundry Closet
      Features
      • Balcony, Open Floorplan, Stone Counters, All Bedrooms Up
      • Flooring: Carpet, Laminate, Tile
      • Windows: Blinds, Double Pane Windows, Screens
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total structure area: 20,829
      • Total interior livable area: 20,829 sqft

      Property

      Parking
      • Total spaces: 42
      • Parking features: Garage
      • Garage spaces: 36
      • Carport spaces: 6
      • Covered spaces: 42
      Accessibility
      • Accessibility features: Parking, See Remarks
      Features
      • Entry location: Front Door
      • Exterior features: Lighting, Rain Gutters
      • Pool features: None
      Lot
      • Size: 0.66 Acres
      • Features: 16-20 Units/Acre
      Details
      • Parcel number: 5347014065
      • Lease amount: $0
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Unknown
      • Foundation: Concrete Perimeter
      • Roof: Tile
      Condition
      • Turnkey
      • New construction: No
      • Year built: 2022

      Utilities & green energy

      • Electric: Standard
      • Sewer: Unknown
      • Water: See Remarks
      • Utilities for property: Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Available, Water Connected

      Community & HOA

      Community
      • Features: Street Lights, Sidewalks
      HOA
      • Amenities included: Insurance, Trash
      • Services included: Sewer
      Location
      • Region: Alhambra

      Financial & listing details

      • Price per square foot: $623/sqft
      • Tax assessed value: $7,955,309
      • Annual tax amount: $98,525
      • Date on market: 7/3/2026
      • Listing terms: Cash to New Loan,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $6,046/mo

        Price history

        DateEventPrice
        7/3/2026Listed for sale$12,980,000+436.4%$623/sqft
        Source: CRMLS #WS26145193 Report a problem
        3/6/2018Sold$2,420,000$116/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$98,525 +3.4%$7,955,309 +2%
        2024$95,283 +5.9%$7,799,323 +114.8%
        2023$90,014 +120.7%$3,630,902 +2%
        2022$40,781 +1.7%$3,559,708 +2%
        2021$40,081 +107.7%$3,489,910 +152%
        2020$19,298 +5.9%$1,384,772 +2%
        2019$18,225 +55%$1,357,620 +59.9%
        2018$11,757 $848,822 +2%
        2017$11,757 +9.6%$832,179 +2%
        2016$10,730 +7.2%$815,863 +1.5%
        2015$10,012 +2.7%$803,609 +2%
        2014$9,745 $787,868 +4.5%
        2011-- $753,854 +895.2%
        2008-- $75,747 +2%
        2007-- $74,263 +6.1%
        2004-- $69,983 +1.9%
        2003-- $68,702 +6.1%
        2000-- $64,742
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 91801

        Getting around

        75 / 100
        Very Walkable
        52 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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