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2005 Stoneman, Alhambra, CA 91801
Priced at Only: $3,398,000
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Address: 2005 Stoneman, Alhambra, CA 91801
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  • MLS#: CV26069462 ( Apartment )
  • Street Address: 2005 Stoneman
  • Viewed: 1
  • Price: $3,398,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 12
  • Additional Information
  • County: LOS ANGELES
  • City: Alhambra
  • Zipcode: 91801
  • Provided by: MARCUS & MILLICHAP
  • Contact: Douglas Douglas
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Pleased to exclusively present the opportunity to acquire 2005 & 2007 South Stoneman Avenue, a 9 unit multifamily investment property in the city of Alhambra, California. The property is conveniently located just south of the Interstate 10 Freeway and east of the Garfield Avenue on/off ramp, providing residents with easy commute west to Downtown Los Angeles and east to nearby cities within San Gabriel Valley. The apartment is situated in a quiet neighborhood that is residential in nature and amongst mostly single family residences. Constructed in 1960, the property consists of two contiguous parcels with a total of 0.26 acres (11,346 square feet) and a combined building area of 5,363 square feet. 2005 South Stoneman Avenue is a two story fourplex featuring all one bedroom/one bathroom floor plans with four carport parking spaces. 2007 South Stoneman Avenue is a two story 5 unit apartment complex consisting of four one bedroom/one bathroom floor plans and a two bedroom/one bathroom floor plan and offers six tuck under parking spaces. Both buildings have pitched roofs, covered stairwells to the upstairs units, and a shared on site laundry room with one washer & one dryer (laundry machines are owned). Selected units have been upgraded with new double pane windows, and all units offer wall unit air conditioning. All units are individually metered for gas and electricity and have separate hot water heaters. The apartments have a superb central location that offers multiple supermarkets, diverse dining options, entertainment, schools, churches, and medical facilities within a two mile radius. The property has a high probability to attract long term residents with its very walkable score of 79 to amenities such as Mark Keppel High School that is an 8 minute walk east of the property and Garfield Medical Center that is a 7 minute walk south of the property. The apartment is surrounded by popular shopping centers including Atlantic Times Square, The Marketplace, and San Gabriel Square that features 99 Ranch Market, AMC movie theater, Planet Fitness gym, and plenty of restaurants and cafes. To provide an active environment for its residents, the YMCA, Alhambra Golf Course, and Almansor Park are just a quick 8 minute drive north of the property. The park provides walking trails, tennis, basketball, baseball, and many organized family events, while the golf course offers leagues, tournaments, outings, and social events as well.
Features
Additional Parcels Description
  1. 5255-012-001
Building Area Total
  1. 5363.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 6177.00
Entry Location
  1. Drive By
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 7200.00
Laundry Features
  1. Community
  2. Common Area
Laundry Income
  1. 900.00
Levels
  1. Two
Lot Features
  1. Lot 10000-19999 Sqft
Netoperatingincome
  1. 109887.00
Newtaxesexpense
  1. 41246.00
Otherexpense
  1. 5000.00
Otherexpensedescription
  1. Misc.
Parcel Number
  1. 5255012002
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 459711730:CRM
Totalexpenses
  1. 72705.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 3708
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Public Records
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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