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Alhambra | 5-Units | Owner-User Potential 505 N Stoneman Ave 5 Unit Apartment Building $2,686,632 CAD ($537,326 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$180,378
|
$31.27
|
| Other Income |
$1,632
|
$0.28
|
| Vacancy Loss |
$5,460
|
$0.95
|
| Effective Gross Income |
$176,550
|
$30.61
|
| Taxes |
$34,490
|
$5.98
|
| Operating Expenses |
$31,777
|
$5.51
|
| Total Expenses |
$66,267
|
$11.49
|
| Net Operating Income |
$110,284
|
$19.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $180,378 |
| Annual Per SF | $31.27 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,632 |
| Annual Per SF | $0.28 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,460 |
| Annual Per SF | $0.95 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $176,550 |
| Annual Per SF | $30.61 |
| Taxes (CAD) | |
|---|---|
| Annual | $34,490 |
| Annual Per SF | $5.98 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,777 |
| Annual Per SF | $5.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $66,267 |
| Annual Per SF | $11.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $110,284 |
| Annual Per SF | $19.12 |
Property Facts
| Price | $2,686,632 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $537,326 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 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 | $2,686,632 CAD |
| Price Per Unit | $537,326 CAD |
| 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 | 0.17 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
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,891 CAD | 1,050 |
| 3+2 | 1 | $3,945 CAD | 1,550 |
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Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 5337-007-014 | Total Assessment | $2,701,952 CAD |
| Land Assessment | $1,892,103 CAD | Annual Taxes | $34,490 CAD ($5.98 CAD/SF) |
| Improvements Assessment | $809,849 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5337-007-014
Land Assessment
$1,892,103 CAD
Improvements Assessment
$809,849 CAD
Total Assessment
$2,701,952 CAD
Annual Taxes
$34,490 CAD ($5.98 CAD/SF)
Tax Year
2025
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Alhambra | 5-Units | Owner-User Potential | 505 N Stoneman Ave
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