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Alhambra | 5-Units | Owner-User Potential 505 N Stoneman Ave 5 Unit Apartment Building $1,975,000 ($395,000/Unit) 4.10% Cap Rate Alhambra, CA 91801
Investment Highlights
- North Alhambra Location; Walking Distance to Downtown Alhambra
- ±5,768 SF Building on ±7,209 SF Corner Lot
- Proximate to CalTech, Cal State LA, PCC, and USC; Adjacent to San Marino and South Pasadena
- Attractive Oversized Unit Mix of Four (2+1) Units and One (3+1) Unit; the Three-Bedroom Offers Owner-User Potential
- Current Rents ±26% Under Market; Subject to AB 1482
- Excellent Market Fundamentals with 2025 Average Home Value of $956,264 and 2025 Average Household Income of $119,043
Executive Summary
CBRE, Inc. is proud to exclusively present 505 N Stoneman Avenue in the city of Alhambra. Located just north of Main Street and east of Garfield Avenue, 505 N Stoneman presents an investor with the unique opportunity to own an excellent piece of real estate in one of the healthiest and most attractive rental submarkets within the West San Gabriel Valley.
Constructed in 1960 on a ±7,209 square foot lot, 505 N Stoneman Avenue is a five-unit multifamily property, with a total building size of ±5,768 square feet. The well-maintained, neatly-landscaped building is separately metered for gas and electric, serviced by a central water heater, and offers an on-site laundry facility and five covered parking spaces with the ability to park nine cars tandem.
505 N Stoneman Avenue 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, along with electric stoves, ample closet and storage space, primarily central air and heat, and private balconies or patios. The three-bedroom unit serves as an ideal owner’s unit, featuring a large kitchen and fireplace. Select units have been upgraded.
Constructed in 1960 on a ±7,209 square foot lot, 505 N Stoneman Avenue is a five-unit multifamily property, with a total building size of ±5,768 square feet. The well-maintained, neatly-landscaped building is separately metered for gas and electric, serviced by a central water heater, and offers an on-site laundry facility and five covered parking spaces with the ability to park nine cars tandem.
505 N Stoneman Avenue 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, along with electric stoves, ample closet and storage space, primarily central air and heat, and private balconies or patios. The three-bedroom unit serves as an ideal owner’s unit, featuring a large kitchen and fireplace. Select units have been upgraded.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$132,600
|
$22.99
|
| Other Income |
$1,200
|
$0.21
|
| Vacancy Loss |
$4,014
|
$0.70
|
| Effective Gross Income |
$129,786
|
$22.50
|
| Taxes |
$25,354
|
$4.40
|
| Operating Expenses |
$23,360
|
$4.05
|
| Total Expenses |
$48,714
|
$8.45
|
| Net Operating Income |
$81,072
|
$14.06
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $132,600 |
| Annual Per SF | $22.99 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.21 |
| Vacancy Loss | |
|---|---|
| Annual | $4,014 |
| Annual Per SF | $0.70 |
| Effective Gross Income | |
|---|---|
| Annual | $129,786 |
| Annual Per SF | $22.50 |
| Taxes | |
|---|---|
| Annual | $25,354 |
| Annual Per SF | $4.40 |
| Operating Expenses | |
|---|---|
| Annual | $23,360 |
| Annual Per SF | $4.05 |
| Total Expenses | |
|---|---|
| Annual | $48,714 |
| Annual Per SF | $8.45 |
| Net Operating Income | |
|---|---|
| Annual | $81,072 |
| Annual Per SF | $14.06 |
Property Facts
| Price | $1,975,000 | Apartment Style | Low-Rise |
| Price Per Unit | $395,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.10% | Building Size | 5,768 SF |
| Gross Rent Multiplier | 14.89 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Zoning | R3* - Buyer to Verify Zoning and Density | ||
| Price | $1,975,000 |
| Price Per Unit | $395,000 |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| Gross Rent Multiplier | 14.89 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,768 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | R3* - Buyer to Verify Zoning and Density |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Oven
- Stainless Steel Appliances
- Carpet
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,125 | 1,050 |
| 3+2 | 1 | $2,900 | 1,550 |
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Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 5337-007-014 | Total Assessment | $1,986,262 |
| Land Assessment | $1,390,925 | Annual Taxes | $25,354 ($4.40/SF) |
| Improvements Assessment | $595,337 | Tax Year | 2025 |
Property Taxes
Parcel Number
5337-007-014
Land Assessment
$1,390,925
Improvements Assessment
$595,337
Total Assessment
$1,986,262
Annual Taxes
$25,354 ($4.40/SF)
Tax Year
2025
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Alhambra | 5-Units | Owner-User Potential | 505 N Stoneman Ave
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