Azusa, CA 91702,525 N San Gabriel AVE
Azusa, CA 91702,525 N San Gabriel AVE
Azusa, CA 91702,525 N San Gabriel AVE
Azusa, CA 91702,525 N San Gabriel AVE
Azusa, CA 91702,525 N San Gabriel AVE
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$2,800,000

Est.Price: ?

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Est. payment /mo

0.28 Acres Lot


SOLD DATE : 03/30/2022

Key Details

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV22005658

Sold Date 03/30/22

HOA Y/N No

Year Built 1963

Lot Size 0.280 Acres

Property Description

We are proud to exclusively present the opportunity to acquire 525 North San Gabriel Avenue, a 10-unit investment opportunity located in the desirable city of Azusa, California. Built in 1963, the property sits on a 12,257 square foot parcel and has a building size of 8,318 square feet. The building consists of two-one bedroom/one bathroom floorplans of approximately 650 square feet and eight-two bedroom/one bathroom floorplans of approximately 877 square feet. Parking consists of fifteen single car garages accessible by way of a rear alley. The property features newer vinyl windows, copper plumbing and drought resistant landscaping. Select units feature private balconies/patios and all units are individually metered for gas and electricity and have individual hot water heaters.

The property is located approximately one half mile from Azusa Pacific University and Citrus College and is ideally situated with easy access to Route 210. Because of its central location and proximity to Downtown Los Angeles, the city is well served by the Azusa Downtown Gold Line, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home. In addition to the city's progressive economy, business opportunity, restaurants and recreation, the property is an excellent opportunity for an investor looking to acquire a well-kept asset with over 44% rental upside in an outstanding location poised for continued growth.

Location

State CA

County Los Angeles

Area 607 - Azusa

Zoning AZC2YY

Interior

Fireplace No

Laundry None

Exterior

Parking Features Door-Single, Garage

Garage Spaces 15.0

Garage Description 15.0

Pool None

Community Features Sidewalks

Total Parking Spaces 15

Private Pool No

Building

Lot Description 6-10 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 8611006008

Energy Description 1543.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by DOUGLAS MCCAULEY • MARCUS & MILLICHAP
Bought with ERIC CHEN • CB RICHARD ELLIS
agent-avatar

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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