$3,450,000
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0.46 Acres Lot
SOLD DATE : 09/28/2021
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV21131265
Sold Date 09/28/21
HOA Y/N No
Year Built 1962
Lot Size 0.458 Acres
Property Description
A multifamily opportunity located at 1331 N. San Gabriel Avenue in the city of Azusa. The property is situated between Sierra Madre Avenue and Twelfth Street and provides easy access to Azusa Pacific University, Downtown Azusa, the 210 Freeway and the Metro Gold Line Station. The property is within minutes to plenty of diverse restaurants, shopping, and world class educational institutions.
Situated in the heart of the San Gabriel Valley, Azusa is a charming LA suburb regarded for its pervasive natural beauty and exceptional opportunities for outdoor recreation. Nicknamed “the Canyon City,” Azusa sits at the entrance to the San Gabriel Canyon. The San Gabriel Mountains are also visible throughout much of the city. In addition to the canyons and mountains, Azusa residents enjoy access to a host of scenic parks and trails, including
the nearby Santa Fe Dam Recreation Area.
1331 N. San Gabriel Avenue is a well-maintained, 12-unit, two -story, townhome style property built in 1962. The property is
situated on a ±19,969 square foot lot with a total building size of ±11,734 square feet. The property offers an excellent unit mix of
spacious two and three bedroom floorplans with an average unit size of 978 square feet. The units feature a private patio, vinyl or laminate flooring in select units, and individual water heaters in most units. The building features on-site laundry, carport parking and a central courtyard with mature landscaping.
1331 N. San Gabriel Avenue is a prime Azusa income -producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
Location
State CA
County Los Angeles
Area 607 - Azusa
Zoning AZR3C*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Asphalt, Carport
Carport Spaces 12
Pool None
Community Features Curbs, Sidewalks
View Y/N Yes
View Canyon, Mountain(s)
Total Parking Spaces 12
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8617014011
Energy Description 2000.0
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with ERIC CHEN • CB RICHARD ELLIS