601 N Stoneman Avenue, Alhambra, CA 91801
Local realty services provided by:ERA Donahoe Realty



Listed by:han chen
Office:growth investment group pasade
MLS#:AR25169737
Source:SANDICOR
Price summary
- Price:$5,150,000
About this home
Offered for sale for the First Time ever, and with 5.26% CAP Rate, we are proud to present 601 N. Stoneman Ave., Alhambra. A pride-of-ownership very-well-maintained 14-unit value add deal located in north Alhambra and just steps away from downtown Alhambra on Garfield Ave & Main St. First time for Sale ever, the property is situated on a corner lot and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave. This property offers investors an opportunity to buy a pride-of-ownership apartment that is very easy to manage and rent in the best location of Alhambra. It is located near several new townhouses subdivisions providing a home-ownership atmosphere for the property. All tenants are on month-to-month rental agreement providing immediate upside on rent increases. The area does not have any local rent control (under California AB1482 rent control). The property is offered at a very attractive actual CAP Rate of 5.26% which is much higher than your typical north Alhambra apartments (competing properties are offering 3.5%-4.5% CAP Rates buyer to verify). The property is a two-story garden style apartment that was built in 1965. It has a large building size of 13,436 SF which translates to large average unit size of 960 SF/unit. It is on a large 14,548 SF CORNER lot providing excellent visibility from Stoneman Ave and Alha
Contact an agent
Home facts
- Listing Id #:AR25169737
- Added:18 day(s) ago
- Updated:August 16, 2025 at 02:12 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:6
Heating and cooling
- Cooling:Wall/Window
Finances and disclosures
- Price:$5,150,000
New listings near 601 N Stoneman Avenue
- New$658,000Active3 beds 3 baths1,438 sq. ft.
905 S S 2nd Street #D, Alhambra, CA 91801
MLS# AR25173954Listed by: PINNACLE REAL ESTATE GROUP - New$1,399,999Active6 beds 6 baths2,854 sq. ft.
1324 S Fremont Avenue, Alhambra, CA 91803
MLS# SB25184305Listed by: A JO ANN RODDA REAL ESTATE CO. - New$1,399,999Active6 beds 6 baths
1324 S Fremont Avenue, Alhambra, CA 91803
MLS# SB25184299Listed by: A JO ANN RODDA REAL ESTATE CO. - New$658,000Active3 beds 3 baths1,438 sq. ft.
905 S 2nd Street #D, Alhambra, CA 91801
MLS# AR25173954Listed by: PINNACLE REAL ESTATE GROUP - Open Sat, 1 to 4pmNew$718,000Active3 beds 3 baths1,397 sq. ft.
2106 Cedar Street #G, Alhambra, CA 91801
MLS# AR25182395Listed by: RE/MAX ELITE REALTY - Open Sat, 1 to 4pmNew$718,000Active3 beds 3 baths1,397 sq. ft.
2106 Cedar Street #G, Alhambra, CA 91801
MLS# AR25182395Listed by: RE/MAX ELITE REALTY - New$3,280,000Active5 beds 4 baths
2121 El Paseo, Alhambra, CA 91803
MLS# AR25183409Listed by: BOULDER REALTY INC - New$759,888Active3 beds 3 baths1,324 sq. ft.
217 E Commonwealth Avenue #F, Alhambra, CA 91801
MLS# CV25183171Listed by: EHOMES - New$759,888Active3 beds 3 baths1,324 sq. ft.
217 Commonwealth Avenue #F, Alhambra, CA 91801
MLS# CV25183171Listed by: EHOMES - Open Sat, 1 to 4pmNew$1,149,000Active3 beds 2 baths2,076 sq. ft.
1145 S 3rd Street, Alhambra, CA 91801
MLS# PF25182279Listed by: COMPASS