525 N San Gabriel Avenue,  Azusa  (91702)

$3,200,000

0 bedrooms 0   0 bathrooms 0   8318 square feet 8,318
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Listed By: ERIC CHEN of CB RICHARD ELLIS

PROPERTY DETAILS

Address: view address
Azusa, CA 91702
Map Location
Features: Multi-level
Square Feet:8,318 sq.ft.Lot Size:12257.0
Year Built:1963Property Type:Apartment
County:Los AngelesList Date:2024-06-13
Listing Number:CV24121894Listed By:CB RICHARD ELLIS
Listing Office:626-757-5717Days on market:84

PROPERTY DESCRIPTION

We are proud to present 525 N San Gabriel Ave, a 10-unit multifamily property located in Azusa, CA. The property is well-located north of the 210 freeway and less than a block away from Foothill Boulevard. Several of Azusa's favorite restaurants and retailers are within close proximity to the property-Target, Costco, Starbucks, Max's Mexican Cuisine, and In-N-Out to name a few. The property is also within close proximity to Downtown Azusa where tenants enjoy the convenience of many more retail amenities, as well as access to the Azusa Downtown Station, which gives travelers direct travel to Pasadena, CA. Azusa is a prime San Gabriel Valley suburban neighborhood located directly off of the 210 Freeway. Tenants benefit from the central location with a short 25-minute drive to frequently travelled areas like DTLA, Dodger Stadium, Sofi Stadium, Crypto.Com Arena, Huntington Library, Bonelli Park, Disneyland, and much more. Azusa is also home to Azusa Pacific University and borders the city of Glendora who is home to Citrus Community College. 525 N San Gabriel Ave is a 10-unit multifamily property spanning across a �12,257 SF parcel with over �8,300 SF of gross rentable area. The property offers an excellent unit mix of two, 1-bedroom/1-bathroom units and eight, 2-bedroom/1-bathroom units. With an average unit size of 832 SF. A savvy investor will recognize the potential opportunity for ADU garage conversions for additional income and value (buyer to verify). The property has been professionally managed by current ownership and they have spent a respectable amount of capital on improvements at the property within the last year. A new investor, whether new or seasoned, has the opportunity to step into the driver's seat and continue rolling out the seller's successfully-proven value-add process.

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Interior

Features

Laundry Features:Common AreaLaundry:Yes

Cooling & Heating

Cooling features:Wall/Window Unit(s)Heating features:Wall Furnace
Heating:Yes

Exterior

Pool and Spa

Pool Features:NoneSpa Features:None
Spa:Yes

Parking

Garage spaces:15

Property and Lot Details

Features

Community Features:Curbs, Sidewalks

Other

Sewer:Public Sewer

Fee

Special Listing Conditions:Standard

Building Information

Year Built:1963Levels:Two
Stories:2

Lot

Lot Dimensions:12257.0

Construction

Building Area total:8318.0

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listed By: ERIC CHEN of CB RICHARD ELLIS