About This Home

This 3-bedroom, 2-bathroom single family at 1123 N Stoneman Avenue in Alhambra, CA is listed for $1,280,000 ($922 per sqft). Built in 1939, the home offers 1,389 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1939
  • 0.22 acre lot
  • 2 parking spaces

Property Details

1 story
2 full
2-car garage
1939
Listing Description

Rare development opportunity in the highly desirable Bean Tract of North Alhambra, ideally located near the borders of San Marino and South Pasadena. This R-3 zoned property features a deep lot with excellent redevelopment potential in one of Alhambra's most sought-after residential neighborhoods.

The seller has prepared a conceptual site plan for a proposed 6-unit gated townhome development utilizing California Density Bonus provisions, subject to applicable requirements and City approval. Proposed plans and additional development information are available in the listing supplements for review.

The property is currently improved with a 3-bedroom, 2-bath residence and is being sold in its present "AS IS" condition. Tenant occupied-please do not disturb occupants. Conveniently located near shopping, dining, schools, and major transportation routes, with easy access to South Pasadena, San Marino, Pasadena, and Downtown Los Angeles.

An excellent opportunity for developers, builders, and investors seeking a well-located multifamily development site. Buyer and buyer's representatives are advised to independently verify zoning, density, development standards, proposed plans, square footage, parking requirements, California Density Bonus eligibility, City requirements, and all other development possibilities with the City of Alhambra and appropriate professionals.

No representation or guarantee is made regarding the feasibility or approval of any proposed development.

Monthly Cost Estimate

$6,846/mo

20% down · 6.5% · 30 years

Principal$926
Interest$5,547
Insurance$373

Estimates only. Actual payments may vary.

Location

1123 N Stoneman Avenue

Alhambra, CA 91801

Property Details

Heating

Wall Furnace

Questions & Answers

This 3-bedroom, 2-bathroom single family at 1123 N Stoneman Avenue is listed at $1,280,000 ($922/sqft). The estimated monthly payment is $6,845 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1939, 0.22 acre lot, 2 parking spaces.

This property is listed by Lei Shen.

LS

Lei Shen

License 02149555

Agent at RE/MAX Premier Properties

Listed by RE/MAX Premier Properties · Broker phone: (626) 229-2200

MLS# AR26190554· Source: California Regional Multiple Listing Service, Inc· 61 days on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1123 N Stoneman Avenue, Alhambra, CA 91801

Open this listing in: