525 N SAN GABRIEL AVE AZUSA, CA 91702

Features

• Lot Size: 0.2814 acres
• Total Units: 10
• Construction Type: Wood

Facts

• Year Built: 01/01/1963
• Property ID: 891994715
• MLS Number: CV24121894
• Parcel Number: 8611-006-008
• Property Type: Townhouse or Condo
• County: Los Angeles
• Legal Description: AZUSA S 12.5 FT OF LOT 12 AND ALL OF LOTS 13,14 AND LOT/SEC 15 BLK/DIV/TWN 43
• Zoning: AZC2YY

Description

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

This listing is NOT a foreclosure. 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 Azusas favorite restaurants and retailers are within close proximity to the propertyTarget, Costco, Starbucks, Maxs 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 drivers seat and continue rolling out the sellers successfully-proven value-add process.