5-Unit Apartment
For Sale
$2,045,000
320 N Stoneman Avenue, Alhambra, CA 91801
Income property with a three-bedroom front residence and a rear mix of one-bedroom units and studios.
Property Size3,808 SF
Days on Market61
Property Features for 320 N Stoneman Avenue
General Information
Standard status
Active
Size
3,808 SF
Property subtype
Apartment
Building Details
Building Size
3,808 SF
Year Built
1967
Listing Agency:
TSE REALTY & MANAGEMENT SERVIC
Listed By:
YVONNE MATLOFF · License #00908463
(626) 823-8303
Source:
Velocityrealtysd
Added: Aug 18
Changed: Oct 13
Last Checked: Oct 16 at 6:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TSE REALTY & MANAGEMENT SERVIC
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Investment Insights
Based on property information with market context.
This 1967 apartment property contains five units arranged around a larger front residence and a separate rear building. The front unit offers three bedrooms, two bathrooms, and 1,652 SF. The rear structure includes two one-bedroom, one-bath units and two studios, creating a varied unit mix within the asset.
Located at 320 N Stoneman Avenue in Alhambra, the property is within walking distance of restaurants and stores. Nearby shopping and market destinations include 99 Ranch Market, Sprouts Farmers Market, and Alhambra Farmers Market. The property is situated in the West San Gabriel Valley, identified in the source information as a strong rental market. Most tenants are described as long-term residents, and Alhambra does not have a local city rent control ordinance.
Located at 320 N Stoneman Avenue in Alhambra, the property is within walking distance of restaurants and stores. Nearby shopping and market destinations include 99 Ranch Market, Sprouts Farmers Market, and Alhambra Farmers Market. The property is situated in the West San Gabriel Valley, identified in the source information as a strong rental market. Most tenants are described as long-term residents, and Alhambra does not have a local city rent control ordinance.
Key Highlights
- Five‑unit apartment property built in 1967
- Front unit includes 3 bedrooms, 2 bathrooms, and 1,652 SF
- Rear building contains two 1‑bedroom, 1‑bath units and two studios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,274
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,480
$1.2M
Cap Rate 7%
$875,343
$875.3K
Cap Rate 9%
$680,822
$680.8K
Market Conditions
NOI Build-Up for 3,808 SF
Gross rent
$121.1K $31.80/SF
− Vacancy
−$9.7K −$2.54/SF
EGI
$111.4K $29.26/SF
− OpEx
−$50.1K −$13.17/SF
NOI
$61.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,480
Cap Rate 7%
$875,343
Cap Rate 9%
$680,822
Alternative Uses
Best Use
Apartment 5plus
$875.3K
$765.9K – $1.02M
NOI $61,274 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,715 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,866
Businesses Nearby
Explore this area
Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Income property with a three-bedroom front residence and a rear mix of one-bedroom units and studios.
Where is this apartment building located?
The property is located at 320 N Stoneman Avenue Alhambra, CA.
What is the asking price?
The asking price for this property is $2,045,000.
What are key features of this property?
This property features: Five‑unit apartment property built in 1967; Front unit includes 3 bedrooms, 2 bathrooms, and 1,652 SF; Rear building contains two 1‑bedroom, 1‑bath units and two studios
