505 North Stoneman Ave Alhambra, CA 91801
Five-unit multifamily property in Alhambra with upside potential.
Property size:
5,768 SFProperty Features for 505 North Stoneman Ave
General Information
- Standard status
- Active
- Size
- 5,768 SF
Source:
Cbre
Listing Agent: Priscilla Nee
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Alhambra Multifamily Investment Opportunity
Located in Alhambra, 505 N Stoneman Avenue is a five-unit multifamily property constructed in 1960. Situated on a 7,209 square foot corner lot, the building encompasses 5,768 square feet. The property features an attractive unit mix consisting of one three-bedroom/two-bathroom unit and four two-bedroom/one-bathroom units. The oversized units offer a combination of tile, carpet, and laminate flooring. Units include electric stoves, ample closet and storage space, primarily central air and heat, and private balconies or patios. The three-bedroom unit features a large kitchen and fireplace. Select units have been upgraded. The well-maintained, neatly-landscaped building is separately metered for gas and electric and serviced by a central water heater. On-site amenities include a laundry facility and five covered parking spaces with the ability to park nine cars tandem. The property is located just north of Main Street and east of Garfield Avenue, in close proximity to CalTech, Cal State LA, PCC, and USC, and adjacent to San Marino and South Pasadena.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Alhambra
- County
- Los Angeles
- State
- California
- Longitude
- -118.1296209
- Latitude
- 34.1008034
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit multifamily property in Alhambra with upside potential.
Where is this apartment building located?
The property is located at 505 North Stoneman Ave Alhambra, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: - Attractive, oversized unit mix featuring **one 3-bedroom/2-bathroom unit (ideal for owner-occupancy)** and four 2-bedroom/1-bathroom units.; - Located in North Alhambra, within walking distance of Downtown Alhambra and proximate to CalTech, Cal State LA, PCC, and USC.; - Excellent market fundamentals with strong average home values ($956,264) and household income ($119,043) projected for 2025.
