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Mantra Apartments 236 N San Gabriel Ave 8 Unit Apartment Building $2,095,000 ($261,875/Unit) 5.59% Cap Rate Azusa, CA 91702
INVESTMENT HIGHLIGHTS
- Excellent unit mix
- New 2B+1B ADU
- Units separately metered for gas and electricity
- New electric subpanels
- Easy access to the 210 and 605 Freeways
EXECUTIVE SUMMARY
SIG Commercial is pleased to present the opportunity to acquire 236 N. San Gabriel Ave, a 8-unit multifamily complex located in Azusa, CA. The property features two 2B+1B units, five 1B+1B units, and one 2B+1B ADU, with each unit being separately metered for gas and electricity. The property also has all new electric panels and new asphalt. Built in 1962, this property is located minutes from Azusa Pacific University and Citrus College. Residents enjoy being near Costco, Target, Santa Fe Dam Recreation Area, numerous eateries, and local schools and parks.
PROPERTY FACTS
| Price | $2,095,000 | Property Subtype | Apartment |
| Price Per Unit | $261,875 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.59% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 10.63 | Building Size | 4,016 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Zoning | AZPYYY - Medium Density Residential | ||
| Price | $2,095,000 |
| Price Per Unit | $261,875 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| Gross Rent Multiplier | 10.63 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,016 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | AZPYYY - Medium Density Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 8611-027-015 | Improvements Assessment | $977,972 |
| Land Assessment | $658,152 | Total Assessment | $1,636,124 |
PROPERTY TAXES
Parcel Number
8611-027-015
Land Assessment
$658,152
Improvements Assessment
$977,972
Total Assessment
$1,636,124
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Mantra Apartments | 236 N San Gabriel Ave
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