$1,975,000

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 or cooktops with ovens, 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.