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626 N Azusa Ave
Azusa, CA 91702
163 Unit Development Site With Permits · Land For Sale · 2.24 AC

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
Total Lot Size 2.24 AC

DESCRIPTION

The Orchard in downtown Azusa is a 2.24-acre development located in the heart of downtown Azusa in the San Gabriel Valley of Los Angeles county. The property is approved for 163 apartment units over 23,000 square feet of street front retail as well as over 8,000 square feet of a movie theatre that has been pre-leased to Laemmle. No structures need to be demolished and there are no requirements for affordable housing. 312 parking spaces are to be provided of which 216 are for the residential and 96 for the retail and theater. There is a full level of subterranean as well as on-grade parking located behind the theater and retail. With excellent frontage on North Azusa Avenue and West Foothill Boulevard (Historic Route 66) and being situated at the heart of downtown, the property has extremely high visibility in a pedestrian oriented location. The property is across from the city hall and only five blocks west of Azusa Pacific University and two blocks to the north is a Metro Gold Line light rail station connecting the property to downtown Los Angeles. The proposed unit mix consists of 76 one-bedrooms with one-bathroom, 75 two-bedrooms with two-bathrooms, 3 loft units and 9 units that are three-bedrooms with two-bathrooms. The proposed structure is Type VA for levels 1 to 4 and IA for the ground level and basement level garage. Amenities include a 1,480 square-foot lobby, 693 square-foot community roomy, 1,551 square-foot gym, 1,497 square-foot business center, and over 4,600 square- feet in two-roof top decks. In addition, there is a pool situated in the second-floor courtyard as well as three courtyards on the ground and first level. The property will be delivered fully entitled with RTI plans.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8611-003-053
Land Assessment
$4,049,331
Improvements Assessment
$67,977,342
Total Assessment
$72,026,673
  • Listing ID: 17041057

  • Date on Market: 8/27/2019

  • Last Updated:

  • Address: 626 N Azusa Ave, Azusa, CA 91702

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