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525 N San Gabriel Ave
Azusa, CA 91702

$3,200,000 USD

Apartments For Sale • 8,318 SF

Property Details

Property Type Apartments
Total Building Size 8,318 SF
Lot Size 0.28 AC
Building Class C
Year Built 1963
Cap Rate 4.33 %
Zoning AZC2YY

62 Transit Score

82 Walk Score

                
                    Highlights
                
                                10 Units in Highly Desirable Azusa
                            
                                Preferred Unit Mix of Mostly 2-Bedroom Units – Two, 1-Bedroom/1-Bathroom & Eight, 2-Bedroom/1-Bathroom Units, Averaging 832 SF
                            
                                Property Features Mature Landscaping, Garage Parking or Storage, Pet-Friendly Apartments with Private Patios or Porches, Laminate Flooring
                            
                                Excellent San Gabriel Valley Location – Minutes from Downtown Azusa’s Retail Amenities Including Downtown Azusa Station, Target, Costco, CVS
                            
                                4.33% Current CAP Rate & 5.58% CAP Rate at Market Rents
                            
                                Strong Value Add Potential w/ Proven Renovation Plan in Progress – Several Units have been Renovated and Many Capital Improvements

Financial Summary (Actual)

Net Operating Income: $138,438 USD (2023)

Cap Rate:	4.33 %
Total Expenses:	$74,863 USD

Amenities

Laundry Facilities
Patio
Porch

Public Transportation

Commuter Rail	Drive	Walk	Distance
Covina (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	3.8 mi
Baldwin Park (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	6.0 mi
Transit/Subway	Drive	Walk	Distance
Azusa Downtown Station (Metro A-Line - Metro - Los Angeles)	1 min	13 min	0.5 mi
Airport	Drive	Walk	Distance
Ontario International	31 min	-	23.1 mi
Bob Hope	40 min	-	31.5 mi
Long Beach (Daugherty Field)	42 min	-	32.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

525 N San Gabriel Ave Azusa, CA 91702