513-515 N Azusa Ave
Azusa, CA 91702
Office Property For Sale

Mixed Used 8 Unit Residential/Commercial Building - SELLER WILL CARRY SHORT TERM FINANCING (18 MONTHS OR LESS) WITH 50% DOWN REDUCED $160,000 FOR IMMEDIATE QUICK CLOSE BUYER - SELLER NEEDS THE MONEY NOW AND LOWERED THE PRICE ACCORDINGLY!!! YOU WILL NOT FIND A BETTER DEAL IN THIS PART OF TOWN!!! WOULD LOVE TO CLOSE AS QUICK AS POSSIBLE!!! We are officially on the market and ready to sell. Great Mixed Use Commercial and Residential Building with 4 Studio Apartments upstairs and 4 Commercial/Retail Units Downstairs. WE ARE 100% LEASED!!! HOWEVER, UNITS CAN BE MADE AVAILABLE IF NEEDED BY THE NEW OWNER!!! Proforma rent for the Apartments is $975 a month and $650 for the Commercial Units. Annual Proforma Income is $78,00 or $6,500 Per Month. THE CURRENTS RENTS ARE VERY CLOSE TO PROFORMA AND COULD SO WITHIN 4 MONTHS!!! We just need to give notices to increase the rent on 3 of the residential units. PROFORMA CAP IS 6.7%, CURRENT ACTUAL IS 6.1%. The Building is heart of the development and has great future potential. The area around it is going through a lot of development including new retail centers, mixed use commercial centers,Hilton Home Hotel and Target Center. It is also very close to the Gold Line, City Hall, and the Police Department. This is great opportunity for an Investor, Developer, 1031 Exchange or for the person that can think outside the box. The upside potential is huge. Please do not enter the property -- Drive by Only. Please call me if you would like to see the interior. This will go fast! In the heart of Downtown Azusa, the Building is minutes from the 210 Freeway, Gold Line Metro Station, City Hall, and New Developments around Foothill and Azusa. It is also 10 minutes away from the 605 and 57 Freeways