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601 N Stoneman Ave
Alhambra, CA 91801
14-unit north Alhambra,First Time for Sale · Multifamily Property For Sale
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14 Units
Investment Highlights
- Pride-of-Ownership Value-add 14-unit in north Alhambra – walk to Downtown Alhambra, First Time for Sale Ever, ±5.26% CAP Rate Year-1 in a Class A Loc
- First Time for Sale Ever! The seller is of the builder’s family that built the property
- Pride-of-Ownership quality without any known deferred maintenance (buyer to verify); Corner lot location with superb curb appeal; Very well-maintained
- One of the Best Location in Alhambra, north Alhambra, adjacent to both San Marino and South Pasadena; Strong demographics with 131,489 AHH Income
- NO LOCAL Rent Control (only CA 1482); Offered at ±5.26% CAP Rate in Class A Location!
- Excellent unit mix with large 3bed, 2bed, and 1 bed unit; Large building size averaging about ±950 SF/unit; Well-manicured lawn and center courtyard
Property Facts
| No. Units | 14 | Lot Size | 0.33 AC |
| Property Type | Multifamily | Building Size | 13,436 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2024 |
| Building Class | C | Parking Ratio | 1.41/1,000 SF |
| Zoning | ALRPD* | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 13,436 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2024 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | ALRPD* |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $2,763 | 1,200 - 2,000 |
| 2+1 | 7 | $2,429 | 1,100 - 1,500 |
| 1+1 | 3 | $2,171 | 800 - 1,000 |
| Studios | 1 | $1,850 | 700 |
Property Taxes
| Parcel Number | 5322-032-028 | Improvements Assessment | $560,673 |
| Land Assessment | $246,314 | Total Assessment | $806,987 |
Property Taxes
Parcel Number
5322-032-028
Land Assessment
$246,314
Improvements Assessment
$560,673
Total Assessment
$806,987
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