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472-484 S Citrus Ave
Azusa, CA 91702
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 7-unit retail strip mall
- Large parking lot
- Value-add investment opportunity
- Great visibility
EXECUTIVE SUMMARY
This multi-tenant retail center at 472-484 S. Citrus Avenue in Azusa offers a prime value-add investment opportunity in a high-traffic corridor near Citrus College. The property features seven retail units, excellent visibility, and a large parking lot, making it ideal for stable income and future growth. With a projected NOI of $180,000 at full stabilization and a competitive 5.25% cap rate, investors can expect strong returns. Built in 1962 on a 0.61-acre lot, the center benefits from ±28,000 cars per day along Citrus Avenue, ensuring consistent customer flow. Offered at $2,390,000, this asset combines location strength with upside potential for savvy investors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built
1962
Price
$2,390,000
Price Per SF
$239
Cap Rate
5.25%
NOI
$125,475
Percent Leased
59%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.61 AC
Zoning
C2 - Commercial
Parking
29 Spaces (2.9 Spaces per 1,000 SF Leased)
Frontage
171’ on S Citrus Ave
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,093,256 | |
| Land Assessment | $1,141,080 | Total Assessment | $2,234,336 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,141,080
Improvements Assessment
$1,093,256
Total Assessment
$2,234,336
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