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525 N San Gabriel Avenue, Azusa, CA 91702
$2,800,000
525 N San Gabriel Avenue, Azusa, CA 91702View this property at 525 N San Gabriel Avenue, Azusa, CA 91702
525 N San Gabriel AvenueAzusaCA91702
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Property Description
We are proud to exclusively present the opportunity to acquire 525 North San Gabriel Avenue, a 10-unit investment opportunity located in the desirable city of Azusa, California. Built in 1963, the property sits on a 12,257 square foot parcel and has a building size of 8,318 square feet. The building consists of two-one bedroom/one bathroom floorplans of approximately 650 square feet and eight-two bedroom/one bathroom floorplans of approximately 877 square feet. Parking consists of fifteen single car garages accessible by way of a rear alley. The property features newer vinyl windows, copper plumbing and drought resistant landscaping. Select units feature private balconies/patios and all units are individually metered for gas and electricity and have individual hot water heaters.
The property is located approximately one half mile from Azusa Pacific University and Citrus College and is ideally situated with easy access to Route 210. Because of its central location and proximity to Downtown Los Angeles, the city is well served by the Azusa Downtown Gold Line, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home. In addition to the city's progressive economy, business opportunity, restaurants and recreation, the property is an excellent opportunity for an investor looking to acquire a well-kept asset with over 44% rental upside in an outstanding location poised for continued growth.
Full Property Details
Full Property Details for 525 N San Gabriel Ave
General
- Sold For: $2,800,000
- Status: Closed
- Type: Multi-Family
- MLS ID: CV22005658
- Added to Site: 852 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 15
- Parking Features: Garage (Single Door)
- Parking: Garage (Single Door)
Location
- Area: 607 - Azusa
- County: Los Angeles
- Development Name: 607 - Azusa
- Driving Directions: North San Gabriel Exit off of 210 Freeway
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 11
- # Electric Meters: 11
Structural Information
- Square Feet: 8,318
- Year Built: 1963
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 8
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.28
- Lot Size Source: Other
- Zoning: AZC2YY
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $336.62
- Price Per Unit: 280000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by Marcus & Millichap, DOUGLAS MCCAULEY and Marcus & Millichap, DAVID COVARRUBIAS
Sold by Cb Richard Ellis, ERIC CHEN
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Schools
Schools serving 525 N San Gabriel Ave
School District:Azusa Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
700 W 11th St, Azusa, CA 91702 | K-5 | 0.8 mi | |
340 W 5th St, Azusa, CA 91702 | 6-8 | 0.1 mi | |
1340 N Enid Ave, Covina, CA 91722 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 525 N San Gabriel Ave
Date
Details
Price
Change
Source
3/30/2022
Sold
$2,800,000
—
MLS
1/11/2022
Listed
$2,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
525 N San Gabriel Avenue, Azusa, CA 91702 (MLS# CV22005658) is a Multi-Family property that was sold at $2,800,000 on March 30, 2022. Want to learn more about 525 N San Gabriel Avenue? Do you have questions about finding other Multi-Family real estate for sale in Azusa? You can browse all Azusa real estate or contact a Coldwell Banker agent to request more information.