Active
525 N San Gabriel AVE
AZUSA CA, 91702
$3,200,000
$384.71 per sqft
Active
3 Beds
2 Baths
8,318 sqft
Multi-family
Built in 1963
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 Azusa s favorite restaurants and retailers are within close proximity to the property Target, Costco, Starbucks, Max s 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 driver s seat and continue rolling out the seller s successfully-proven value-add process.
CV24121894MR
MLSⓇ ID
June 14, 2024
Listed
August 23, 2024
Updated
Map
525 N San Gabriel AVE
AZUSA CA, 91702
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
2
Laundry Description
Laundry Area
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.28 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Azusa
Days on Market
8
Garage
Yes
Garage Spaces
15
Parking Total
15
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
AZC2YY
Listed by ERIC CHEN with CB RICHARD ELLIS
Listing Contact: 909-418-2071
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor DPP Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 8/23/2024