Azusa, CA 91702,525 N San Gabriel AVE
Azusa, CA 91702,525 N San Gabriel AVE
Azusa, CA 91702,525 N San Gabriel AVE
4
$2,800,000
$2,800,000
Est.Price: ?

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8,318 SqFt

525 N San Gabriel AVE Azusa, CA 91702

Est. payment /mo
SOLD DATE : 03/30/2022

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Key Details

Sold Price $2,800,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 8,318 sqft

Price per Sqft $336

MLS Listing ID CV22005658

Sold Date 03/30/22

HOA Y/N No

Year Built 1963

Lot Size 0.280 Acres

Acres 0.28

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 citys 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

Laundry None

Exterior

Parking Features Garage - Single Door

Garage Spaces 15.0

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 6-10 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 2.5

TERMS Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW INSTRUCTIONS Please do not disturb the tenants. Please call or email for complete Offering Memorandum

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CRMLS Plus
Listed by MARCUS & MILLICHAP
Bought with CB RICHARD ELLIS
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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