ABOUT THIS PROPERTY

Principle Quality Investments is pleased to Present, 400 N Stoneman Avenue, an exceptional opportunity to acquire a six-unit multifamily investment property in one of Alhambra’s most desirable residential neighborhoods. Ideally situated on a quiet corner lot, the property is just minutes from vibrant Main Street Alhambra, known for its extensive selection of authentic Asian restaurants, shopping, entertainment, and movie theaters. The property also enjoys close proximity to highly sought-after South Pasadena and Old Town Pasadena, offering convenient access to additional dining, retail, and entertainment destinations.

Offered for the first time in many years, this well-located investment features an attractive unit mix of two 2-bedroom units and four 1-bedroom units, situated on a generous 7,951-square-foot lot. The property consists of two separate buildings, with the rear building constructed more recently than the front three-unit building. Additional features include six individual one-car garages, mature avocado trees, and separately metered gas and electricity.

With long-term tenants and significant rental upside, the property offers investors an opportunity to increase income over time. Alhambra currently does not have municipal rent control, although applicable state regulations remain in effect. The six garages and generous lot size may also provide potential for additional ADU development, subject to city approval and feasibility.
Conveniently located near Valley Boulevard, Garfield Avenue, Atlantic Boulevard, and the 10 Freeway, 400 N Stoneman Avenue combines a highly desirable location, rental growth potential, and long-term appreciation appeal.

Investment Highlights

Excellent Accessibility: Convenient access to the 10 Freeway, Valley Boulevard, Garfield Avenue, and Atlantic Boulevard, connecting residents to surrounding employment and entertainment centers.

Prime Alhambra Location: Minutes from Main Street Alhambra, featuring an abundance of authentic Asian dining, shopping, entertainment, and movie theaters.

Desirable Neighboring Communities: Close proximity to sought-after South Pasadena and Old Town Pasadena, providing access to popular restaurants, retail, and cultural attractions.

Significant Rental Upside: Long-term tenancy provides an opportunity to increase rents over time, subject to applicable regulations.

No Municipal Rent Control: Alhambra does not currently have a citywide municipal rent stabilization ordinance; applicable California state tenant protections may still apply.

Potential ADU Development: Six individual one-car garages present potential conversion or redevelopment opportunities for additional dwelling units, subject to feasibility and city approvals.

Attractive Unit Mix: Six units consisting of two 2-bedroom units and four 1-bedroom units, appealing to a broad rental demographic.

Generous Corner Lot: Approximately 7,951 square feet on a quiet residential corner, providing an attractive setting and potential future flexibility.

Separately Metered Utilities: Individually metered gas and electricity help minimize landlord-paid operating expenses.

Two Separate Buildings: Rear three-unit building is newer than the front building, offering a distinct building configuration.

Long-Term Ownership: Rare opportunity to acquire a property held under the same ownership for many years.

Desirable Property Features: Six private one-car garages, mature avocado trees, and an established residential setting.