This Multifamily Property is no longer advertised on LoopNet.com.

1331 N San Gabriel Ave
Azusa, CA 91702
Multifamily Property For Sale · 12 Units

Investment Highlights

  • Ideal Location in Azusa – Few Blocks to Azusa Pacific University, Downtown Azusa, Metro Gold Line Station and the 210 Freeway
  • Low Maintenance Property with Minimal Landscaping
  • Significant Rental Upside – Opportunity for Approximately 28% Rental Growth to Achieve Market Rents
  • Excellent Unit Mix of Two and Three Bedroom Townhome Style Floorplans - Average Unit Size of 978 Square Feet
  • All Units Feature a Private Patio, Vinyl or Laminate Flooring (in Select Units)and Individual Water Heaters (in Most Units)
  • Offering at 3.71% Cap Rate on Current Income, 5.23% Cap Rate on Market Rents

Property Facts

No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.46 AC
Building Size 11,734 SF
Average Occupancy 83%
No. Stories 2
Year Built 1962
Parking Ratio 1.02/1,000 SF
Zoning AZR3C* - Residential

Amenities

Unit Amenities

  • Patio

Site Amenities

  • Courtyard
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 7 $1,425 -
3+2 5 $1,670 -

Property Taxes

Property Taxes

Parcel Number
8617-014-011
Land Assessment
$1,061,208
Improvements Assessment
$2,440,778
Total Assessment
$3,501,986
  • Listing ID: 23431227

  • Date on Market: 6/16/2021

  • Last Updated:

  • Address: 1331 N San Gabriel Ave, Azusa, CA 91702

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