1123 North Stoneman Avenue, Alhambra, CA 91801
1123 North Stoneman Avenue, Alhambra, CA 91801
Property Description
Developer’s Opportunity! Location, Location, Location! Rare Land-Value Offering in Prestigious North Alhambra! An exceptional redevelopment opportunity awaits in the highly desirable Bean Tract of North Alhambra, ideally positioned near the borders of San Marino and South Pasadena. Set on a deep lot within one of Alhambra’s most sought-after residential neighborhoods, this R-3-zoned property presents outstanding potential for a thoughtfully designed multifamily development. The seller has prepared a conceptual site plan. It subject to all applicable requirements and City approval. Conceptual plans and additional development information are available in the listing supplements for review. The property is currently improved with a three-bedroom, two-bathroom residence and is offered for land value in its present “AS IS” condition. The premier location offers convenient access to upscale shopping, dining, schools, parks, and major transportation routes, with excellent connectivity to San Marino, South Pasadena, Pasadena, and Downtown Los Angeles. This distinguished offering represents a rare opportunity for developers, builders, and investors to create a desirable residential community in a prime North Alhambra setting.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Alhambra · Single Family Residence
Listed 6.7% above the median closed sale of $1,200,000. Closed comps sold at 114% of list — strong seller's market.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1003 Garfield Avenue | Alhambra | 1910 | 4 | 3 | 1,624 | 7,318 | $713 | $1.16M | 51 | 78 |
| 309 Alhambra | Alhambra | 1922 | 2 | 1 | 924 | 3,652 | $1,245 | $1.15M | 9 | 72 |
| 605 Story | Alhambra | 1948 | 3 | 3 | 2,431 | 8,070 | $575 | $1.40M | 18 | 71 |
| 333 Garfield | Alhambra | 1905 | 4 | 2 | 2,376 | 8,311 | $589 | $1.40M | 38 | 66 |
| 307 El Molino | Alhambra | 1908 | 5 | 5 | 2,415 | 7,558 | $534 | $1.29M | 49 | 51 |
| Total: 5 · Average | 3.6 | 2.8 | 1,954 | 6,981.8 | $731.2 | $1.28M | 33 | |||
| Median | 2,376 | $1.29M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 908 Cordova | Alhambra | 1940 | 10/16/2026 | 2 | 2 | 1,352 | 8,724 | $1.28M | $1.28M | $950 | 1.00 | 122 | 92 |
| 621 Granada Avenue | Alhambra | 1940 | 11/13/2025 | 3 | 2 | 1,402 | 8,268 | $988,000 | $1.40M | $997 | 1.42 | 24 | 86 |
| 501 Olive | Alhambra | 1927 | 12/10/2025 | 3 | 2 | 1,525 | 7,971 | $998,000 | $1.12M | $734 | 1.12 | 70 | 82 |
| 228 Almansor | Alhambra | 1915 | 06/03/2026 | 3 | 2 | 1,410 | 7,455 | $1.10M | $1.20M | $851 | 1.09 | 44 | 81 |
| 218 Almansor | Alhambra | 1923 | 05/08/2026 | 3 | 3 | 1,795 | 6,953 | $1.10M | $1.20M | $669 | 1.09 | 32 | 75 |
| Total: 5 · Average | 2.8 | 2.2 | 1,496.8 | 7,874.2 | $1.24M | $1.24M | $840.2 | — | 58.4 | ||||
| Median | 1,410 | $1.20M | $1.20M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.