219-221 N San Gabriel Ave - Apartments FOR SALE


Azusa, CA 91702
$3,550,000 USD
949-270-3693
219-221 N San Gabriel Ave, Azusa, CA for Sale
$3,550,000 USD
Apartments - FOR SALE
1/7
null | 5.31% Cap Rate

219-221 N San Gabriel Ave
Azusa, CA 91702


HIGHLIGHTS

  • Recently fully renovated
  • Projected immediate rental upside
  • Majority 2-bedroom floor plans
  • Below market assumable financing or ability to procure a new loan at market
  • Low in-place rents compared to market
  • Strong growth market

OVERVIEW

This property is an ideal opportunity for an apartment investor to take advantage of purchasing a quality apartment asset located in the East San Gabriel County market located in the City of Azusa. The 219-221 N San Gabriel Valley apartments is conveniently located between the 210, 57 and 605 freeways and within a short distance to retail stores, major employment centers and schools. 219-221 N San Gabriel Ave is the perfect multifamily investment opportunity with projected long-term market stability, positive rental growth fundamentals, improving submarket location, tax, and long-term appreciation benefits.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

12

PRICE/UNIT

$295,833

CAP RATE

5.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

R3C, Azusa

APN/PARCEL ID

8611-028-006

ASK ABOUT THIS PROPERTY

Matt HauserNorthmarqMore Info
949-270-3693

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Matt HauserNorthmarqMore Info
949-270-3693

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.