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Azusa Income Property 1047 N San Gabriel Ave 3 Unit Apartment Building $1,400,000 ($466,667/Unit) Azusa, CA 91702
INVESTMENT HIGHLIGHTS
- Fully Vacant
EXECUTIVE SUMMARY
Charming Mid-Century Triplex on Oversized Corner Lot | All Units Vacant | ADU Potential. Incredible opportunity to own a well-maintained, single-level mid-century triplex located on a generous 75’ x 140’ corner lot with alley access. Freshly painted exterior. This character-filled property offers excellent flexibility for owner-users or investors looking to establish market rents and explore future development potential, including ADU possibilities. The triplex features three single-story units, each showcasing classic stucco siding, front and back porches, and two separate entrances for added privacy and convenience. There are two one-bedroom, one-bath units, both offering laundry closets, newer floor coverings, tiled kitchen countertops, large kitchen sinks, hallway and kitchen storage, and individual window air conditioning units. The two-bedroom, one-bath unit includes a separate laundry room with built-in storage and a utility sink, along with newer flooring in the kitchen and laundry area, tiled countertops, a spacious layout, central air/heat and the same attention to storage and comfort. All bathrooms in the units feature shower-over-tub configurations. Kitchens are equipped with essential appliances including stove/oven, microwave, and large sinks. All kitchen appliances are new. Every unit is bright and functional, offering an excellent foundation for future value-add improvements or immediate rental. The property also includes a large interior courtyard that creates a peaceful community setting and encourages outdoor living. A detached four-car garage sits at the rear of the lot, with alley access, and offers prime potential for conversion to an accessory dwelling unit (buyer to verify). In addition, three more off-street parking spaces provide plenty of room for residents or guests. Recent exterior upgrades include newer block wall fencing for privacy and security, an automatic sprinkler system, and newer roof ( 10 yrs. old) Mature landscaping that features a thriving avocado tree and fruit tree. All three units are currently vacant, making this an ideal opportunity for a buyer seeking flexibility, immediate rental income, or a live-in investment scenario. This is a rare find with character, space, and long-term upside. Whether you're looking to expand your portfolio, live in one unit and rent the others, or explore development options, this property is full of potential and ready for its next chapter. All units are vacant. Disclosure package available upon request. See financial brochure in supplements. Expenses are estimated.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $466,667 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 2,463 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1948/2015 |
| Property Subtype | Apartment | Parking Ratio | 1.62/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | AZR1C* | ||
| Price | $1,400,000 |
| Price Per Unit | $466,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,463 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1948/2015 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | AZR1C* |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Carpet
- Yard
- Attic
- Garden
- Lawn
- Linen Closet
- Porch
- Large Bedrooms
SITE AMENITIES
- Courtyard
- Laundry Facilities
1 1
Walk Score®
Very Walkable (77)
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Azusa Income Property | 1047 N San Gabriel Ave
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