8-Unit Apartment
New
For Sale
$2,675,000
326 N Stoneman, Alhambra, CA 91801
Residents have access to on-site laundry, private outdoor areas, and a combination of covered and open parking.
Property Size8,482 SF
Lot Size0.27 Acres
Days on Market3
Property Features for 326 N Stoneman
General Information
Standard status
Active
Size
8,482 SF
Total Parking Spaces
16
Lot size
0.27 Acres
Property subtype
Apartment
Units
Unit Mix
4 x 2BR, 3 x 1BR, 1 x 3BR/2BA
Multifamily Units
8
Amenities
private balconies/patios
on-site laundry
Building Details
Building Size
8,482 SF
Year Built
1976
Listing Agency:
The Holstein Group
Listed By:
David Holstein · License #01210777
Source:
Velocityrealtysd
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 10:42AM
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 The Holstein Group
Investment Insights
Based on property information with market context.
This Alhambra apartment property contains eight units: four with two bedrooms, three with one bedroom, and one with three bedrooms and two bathrooms. Private balconies and/or patios, common-area laundry, and landscaped grounds are among the on-site features. Parking includes 11 covered spaces and five open spaces on an 11,797-square-foot lot.
The property is in Alhambra and is not subject to City of Los Angeles or County of Los Angeles rent-control ordinances. Annual rent increases are available, and some current rents are stated to be more than 50% below market.
The property is in Alhambra and is not subject to City of Los Angeles or County of Los Angeles rent-control ordinances. Annual rent increases are available, and some current rents are stated to be more than 50% below market.
Key Highlights
- Eight apartments: four 2‑bedroom units, three 1‑bedroom units, and one 3‑bedroom, 2‑bathroom unit
- 11,797‑square‑foot lot
- 11 covered parking spaces and 5 open spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$136,482
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,729,640
$2.7M
Cap Rate 7%
$1,949,743
$1.9M
Cap Rate 9%
$1,516,467
$1.5M
Market Conditions
NOI Build-Up for 8,482 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$269.7K $31.80/SF
− Vacancy
−$21.6K −$2.54/SF
EGI
$248.1K $29.26/SF
− OpEx
−$111.7K −$13.17/SF
NOI
$136.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,729,640
Cap Rate 7%
$1,949,743
Cap Rate 9%
$1,516,467
Alternative Uses
Best Use
Apartment 5plus
$1.95M
$1.71M – $2.27M
NOI $136,482 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.54M
$3.97M – $5.30M
NOI $317,886 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to on-site laundry, private outdoor areas, and a combination of covered and open parking.
Where is this apartment building located?
The property is located at 326 N Stoneman Alhambra, CA.
What is the asking price?
The asking price for this property is $2,675,000.
What are key features of this property?
This property features: Eight apartments: four 2‑bedroom units, three 1‑bedroom units, and one 3‑bedroom, 2‑bathroom unit; 11,797‑square‑foot lot; 11 covered parking spaces and 5 open spaces
