219-221 San Gabriel Ave, Azusa, CA 91702
12 Unit Apartment Building | $3,950,000 ($329,167/Unit) | 5.93% Cap Rate | Azusa, CA 91702
For Sale
Active
Asking Price $3,950,000
- Property Type
-
Multifamily
- Square Feet
- 9,240 SF
Listing Contacts
Peter Hauser
Matt Hauser
Jordan Hauser
- Property Info
Property Overview
Recent Price Improvement***
The 219-221 N. San Gabriel Ave apartments consists of two apartment buildings constructed in 1962. The apartments are a two-story walk up design, built on grade and includes a central courtyard. The roof structures are pitched composition shingle. The driveway is concrete, and parking consists of 12 garage spaces with ample street parking. Each apartment has wall air conditioning and is individually metered for the utilities. Some of the apartments have large upstairs corner balconies.
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 property features assumable 3.30% financing fixed until 2029. 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.
The 219-221 N. San Gabriel Ave apartments consists of two apartment buildings constructed in 1962. The apartments are a two-story walk up design, built on grade and includes a central courtyard. The roof structures are pitched composition shingle. The driveway is concrete, and parking consists of 12 garage spaces with ample street parking. Each apartment has wall air conditioning and is individually metered for the utilities. Some of the apartments have large upstairs corner balconies.
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 property features assumable 3.30% financing fixed until 2029. 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.
Property Details
- Class
- C
- Year Built
- 1962
- Stories
- 2
- Lot Size (sq. ft)
- 13,939 SF
- Units
- 12
Highlights
- Assumable financing @ 3.30% fixed until 2029
- Immediately attainable rental upside
- Majority of the units feature upgraded counters and flooring
- Predominately two bedroom floorplans
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