326 N Stoneman Ave - Multi-Family FOR SALE


Alhambra, CA 91801 | 
$2,675,000 USD
310-345-9994
326 N Stoneman Ave, Alhambra, CA for Sale
$2,675,000 USD
Multi-Family - FOR SALE
1/13
null | 3.3% Cap Rate

326 N Stoneman Ave
Alhambra, CA 91801


HIGHLIGHTS

  • Pride of Ownership / Trophy Asset.
  • Major Upside in Rents. No LA City or LA County rent controls
  • Private Balcony and/or Patios for each unit. 11 Covered parking spaces, 5 Open Parking

OVERVIEW

Make this exceptional asset the trophy of your portfolio! Located in the thriving city of Alhambra, this pride-of-ownership 8-unit apartment complex offers an attractive combination of current income, future upside, and strong tenant amenities. The well-balanced unit mix includes four spacious 2-bedroom units, three 1-bedroom units, and a deluxe 3-bedroom, 2-bathroom unit. The property presents significant rental upside, with annual rent increases available, and is not subject to City of Los Angeles or County of Los Angeles rent-control ordinances. Residents enjoy an impressive array of amenities, including 11 covered parking spaces plus 5 additional open spaces, large private balconies and/or patios, and convenient on-site common-area laundry facilities. The property sits on an oversized 11,797-square-foot lot featuring lush landscaping and a welcoming residential setting. With potential cash flow at the list price, meaningful rental upside, attractive physical characteristics, and a desirable Alhambra location, this is an opportunity to acquire a well-maintained multifamily asset with both immediate appeal and long-term investment potential. A rare combination of pride of ownership, income potential, and location—this is an asset worth taking a closer look at.

FOR SALE DETAILS

PRICE

$2,675,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

8

PRICE/UNIT

$334,375

CAP RATE

3.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,797 SF

ZONING

ALRPD

APN/PARCEL ID

5337-006-003

ASK ABOUT THIS PROPERTY

David HolsteinThe Holstein Group Inc.More Info
310-345-9994

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David HolsteinThe Holstein Group Inc.More Info
310-345-9994

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.