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529 N San Gabriel Ave 5 Unit Apartment Building $1,825,000 ($365,000/Unit) 2.80% Cap Rate Azusa, CA 91702
Investment Highlights
- Multiple ADU Options
- Central Air
- Laundry Hookups
- Great for Owner Occupy
- Copper Plumbing
- All 2bed + 2 Bath
Executive Summary
This 5-unit multifamily asset at 529 N San Gabriel Avenue offers an outstanding opportunity to acquire an income-generating apartment property in the growing San Gabriel Valley market. The property spans 5,344 square feet on a 0.24-acre lot and consists entirely of spacious two-bedroom, two-bathroom units, all outfitted with copper plumbing and laundry hookups. Units also include central air, adding comfort and modern functionality for residents, while multiple ADU options present additional value potential for future income growth.
Residents benefit from proximity to essential retail, dining establishments, and transit corridors, including nearby Foothill Boulevard and easy access to I-210, ensuring strong connectivity throughout the region. Azusa’s revitalization initiatives and transit-oriented focus further signal continued rental demand and appreciation upside within this submarket.
Currently generating an effective gross income of approximately $101,850 annually and featuring a 100% occupancy rate, this stabilized investment provides immediate cash flow with room to optimize through enhancements and strategic repositioning to match prevailing market rents. Offered at $1,825,000 with a cap rate of 2.80%, this property serves as a secure foothold for investors seeking a low-vacancy, value-driven multifamily asset within the dynamic San Gabriel Valley region.
Residents benefit from proximity to essential retail, dining establishments, and transit corridors, including nearby Foothill Boulevard and easy access to I-210, ensuring strong connectivity throughout the region. Azusa’s revitalization initiatives and transit-oriented focus further signal continued rental demand and appreciation upside within this submarket.
Currently generating an effective gross income of approximately $101,850 annually and featuring a 100% occupancy rate, this stabilized investment provides immediate cash flow with room to optimize through enhancements and strategic repositioning to match prevailing market rents. Offered at $1,825,000 with a cap rate of 2.80%, this property serves as a secure foothold for investors seeking a low-vacancy, value-driven multifamily asset within the dynamic San Gabriel Valley region.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$105,000
|
$19.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,150
|
$0.59
|
| Effective Gross Income |
$101,850
|
$19.06
|
| Taxes |
$22,813
|
$4.27
|
| Operating Expenses |
$27,933
|
$5.23
|
| Total Expenses |
$50,746
|
$9.50
|
| Net Operating Income |
$51,104
|
$9.56
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $105,000 |
| Annual Per SF | $19.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,150 |
| Annual Per SF | $0.59 |
| Effective Gross Income | |
|---|---|
| Annual | $101,850 |
| Annual Per SF | $19.06 |
| Taxes | |
|---|---|
| Annual | $22,813 |
| Annual Per SF | $4.27 |
| Operating Expenses | |
|---|---|
| Annual | $27,933 |
| Annual Per SF | $5.23 |
| Total Expenses | |
|---|---|
| Annual | $50,746 |
| Annual Per SF | $9.50 |
| Net Operating Income | |
|---|---|
| Annual | $51,104 |
| Annual Per SF | $9.56 |
Property Facts
| Price | $1,825,000 | Apartment Style | Low-Rise |
| Price Per Unit | $365,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 2.80% | Building Size | 5,344 SF |
| Gross Rent Multiplier | 17.38 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | ||
| Zoning | AZR3B* - Multiple Residential | ||
| Price | $1,825,000 |
| Price Per Unit | $365,000 |
| Sale Type | Investment |
| Cap Rate | 2.80% |
| Gross Rent Multiplier | 17.38 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,344 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
| Zoning | AZR3B* - Multiple Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 5 | $1,738 | 1,000 - 1,100 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 8611-006-025 | Total Assessment | $946,700 |
| Land Assessment | $204,586 | Annual Taxes | $22,813 ($4.27/SF) |
| Improvements Assessment | $742,114 | Tax Year | 2025 |
Property Taxes
Parcel Number
8611-006-025
Land Assessment
$204,586
Improvements Assessment
$742,114
Total Assessment
$946,700
Annual Taxes
$22,813 ($4.27/SF)
Tax Year
2025
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529 N San Gabriel Ave