573 E Arrow Hwy
Azusa, CA 91702
Just Reduced $125K! 10 Townhome Development · Land For Sale
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0.43 AC
Investment Highlights
- 10 townhome development in Azusa, CA
- Ideal strategy for future builder is for a for-sale exit of the investment
- Great development for family end-users looking to live in a rapidly developing sub-market of Southern California
- The development will be delivered "ready-to-issue"
- Near AMC Covina 17, harbor Freight Tools, Planet Fitness, The Outlet by E.L.S., Joann Fabrics and Crafts, Sky Zone Park, Lowe's,and Superior Grocers
- Within proximity to Azusa Pacific University and Azusa High School
Property Facts
| Property Type | Land | Total Lot Size | 0.43 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Multifamily | ||
| Zoning | AZC3* | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.43 AC |
| No. Stories | 1 |
| Zoning | AZC3* |
Description
JUST REDUCED $125K! The Azusa Townhomes located at 573 East Arrow Highway in Azusa, CA is a for-sale development of (10)-2 bed / 2 bath units averaging ±1,210 SF situated on a ±18,890 SF lot. With the development’s delivery with “ready-to-issue” permits, a new builder will have the opportunity to begin construction right away and capitalize on the V-shaped recovery following the COVID-19 pandemic. Currently, the asset has no existing structures on site allowing for a low entry to development with no demolition of existing structures and minimal site preparation. Upon delivery of “ready-to-issue” permits, the builder will have the opportunity to catch an increasing price per SF exit that is driving the Azusa market upward. The asset is centrally located near many retailers, attractions, and schools allowing for a family end-user to capitalize on a clean, new construction townhome while maintaining distance to all of life’s daily needs to be within proximity.
Property Taxes
| Parcel Number | 8621-008-057 | Improvements Assessment | $253,641 |
| Land Assessment | $546,155 | Total Assessment | $799,796 |
Property Taxes
