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$2,772,124Estimated home value

Beds
Unknown
sq ft
8,318

525 N San Gabriel Ave, Azusa, CA 91702

525 N San Gabriel Ave

Azusa, CA 91702

  • Off market
We are proud to present 525 N San Gabriel Ave, a 10-unit multifamily property located in Azusa, CA. The property is well-located north of the 210 freeway and less than a block away from Foothill Boulevard. Several of Azusa’s favorite restaurants and retailers are within close proximity to the property–Target, Costco, Starbucks, Max’s Mexican Cuisine, and In-N-Out to name a few. The property is also within close proximity to Downtown Azusa where tenants enjoy the convenience of many more retail amenities, as well as access to the Azusa Downtown Station, which gives travelers direct travel to Pasadena, CA. Azusa is a prime San Gabriel Valley suburban neighborhood located directly off of the 210 Freeway. Tenants benefit from the central location with a short 25-minute drive to frequently travelled areas like DTLA, Dodger Stadium, Sofi Stadium, Crypto.Com Arena, Huntington Library, Bonelli Park, Disneyland, and much more. Azusa is also home to Azusa Pacific University and borders the city of Glendora who is home to Citrus Community College. 525 N San Gabriel Ave is a 10-unit multifamily property spanning across a ±12,257 SF parcel with over ±8,300 SF of gross rentable area. The property offers an excellent unit mix of two, 1-bedroom/1-bathroom units and eight, 2-bedroom/1-bathroom units. With an average unit size of 832 SF. A savvy investor will recognize the potential opportunity for ADU garage conversions for additional income and value (buyer to verify). The property has been professionally managed by current ownership and they have spent a respectable amount of capital on improvements at the property within the last year. A new investor, whether new or seasoned, has the opportunity to step into the driver’s seat and continue rolling out the seller’s successfully-proven value-add process.

Details

Property type

Apartment

Est. home value

$2,772,124

Lot size

0.2814 acres

Price per sq ft

$385

Year built

1963

Price History

10/02/2024
CRMLS

CRMLS #CV24121894

Removed
$3,200,000
06/14/2024
CRMLS

CRMLS #CV24121894

Listed
$3,200,000
+14.29%
03/30/2022
CRMLS

CRMLS #CV22005658

Sold
$2,800,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Fidelity Bridge Loans Llc

Loan start date

January 2022

Original loan amount

$2,100,000

Est. remaining balance

Not provided

Interest rate

3.12%

Loan type

Building or Construction Loan

Seller

525 Sg Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 11/03/2024 at 5:50 AM

Listing updated: 09/30/2024 at 12:55 PM

Listed by: ERIC CHEN, CB RICHARD ELLIS Phone #: (909) 418-2000

MLS: CRMLS #CV24121894

CRMLS logo

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