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333 N Rockvale Ave, Azusa, CA 91702
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333 N Rockvale Ave Azusa, CA 91702

$7,500,000 Sold Price as of 12/31/2019
  • 50 Beds
  • 34 Baths
  • -- Sq.Ft.
Sold
$7,500,000 Sold Price as of 12/31/2019 Refinance Your Mortgage
Map preview of 333 N Rockvale Ave, Azusa, CA 91702

Property Overview: 333 N Rockvale Ave Azusa, CA has 50 bedrooms, 34 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Rockvale Apartment Community is an ideal opportunity for a multifamily investor to take advantage of purchasing an apartment asset in the dynamic growth market of the East San Gabriel Valley. The Rockvale Apartments is conveniently located within a short distance to retail, restaurants, gold line transit hub, major entertainment venues and the top employment centers. The ownership does not have a defined timeline to sell and therefore may be able to accommodate timing on a 1031 exchange into Rockvale. The property features a projected immediately attainable upside in rental income. This is also a value add opportunity as the owners have owned the property for almost 30 years and have maintained, but not fully upgraded the interiors. The Rockvale Apartments is the perfect multifamily investment opportunity with projected long-term market stability, positive rental growth, improving East San Gabriel Valley sub-market location, tax and long-term appreciation benefits

Listed by Peter Hauser | BRE #00856966 | Avison Young – Southern CA LTD
Last checked: 7 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 108

Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19500218
City
Azusa
County
Los Angeles
Time on Site
1538 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 34
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 19
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $294,120
  • Pro Forma/Market Rent: $330,600
Unit Breakdown 2
  • # of Units: 14
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $231,000
  • Pro Forma/Market Rent: $294,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $21,600
  • Pro Forma/Market Rent: $24,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.95
  • Gross Scheduled Income: --
  • Net Operating Income: $398,298
  • Gross Operating Income: $639,876
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 333 N Rockvale Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport, Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 34
  • Parcel Number: 8612020021
Location / Neighborhood
Location Information
  • Directions: Located at 333 North Rockvale Avenue, very close proximity to Azusa Pacific University.
View more facts & features

Local Azusa Agent

Sale History for 333 N Rockvale Ave

Last sold for $7,500,000 on December 31st, 2019

  • January, 2020

  • Jan 9, 2020

    Date

    Sold

    CRMLS: 19500218

    $7,500,000

    Price

  • Aug 15, 2019

    Date

    Active

    CRMLS: 19500218

    $8,400,000

    Price

  • December, 2019

  • Dec 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $7,500,000

    Price

  • December, 1995

  • Dec 28, 1995

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 333 N Rockvale Ave

Assessed Value (2020): $7,500,000
Year Land Value Improved Value Assessed Value
2020 $3,150,000 $4,350,000 $7,500,000

Home Value Compared to the Market

This property vs the competition

333 N Rockvale Ave sold on December 31, 2019 for 1078.95% higher than the current median sold price for the city of Azusa which is $712,500.

About 333 N Rockvale Ave

Detailed summary of property

333 N Rockvale Ave is a multi family that recently sold in Azusa, CA 91702. This multi family property offered 50 bedrooms, 34 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 333 N Rockvale Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $7,500,000. Home in Azusa are selling for a median price of $712,500 and a median price per square foot of $482. Based on Ardent Real Estate Group's Azusa Market Data, this home is sold 1078.95% higher than the current median priced home. Local homes that are currently for sale include 3600 Country Club Dr, 520 W 120th St and 11503 S New Hampshire Ave. While the average home in Azusa, CA is selling in 46 days, 333 N Rockvale Ave has a days on market of 108 days. There are currently 76 homes for sale in the Azusa real estate market and 47 of them are single family homes while 21 of them are condos and 8 are townhomes. For more information on this home for sale at 333 N Rockvale Ave Azusa, CA 91702 contact Ardent Real Estate Group and we will put you in touch with one of our Azusa agents.

Public Facts for 333 N Rockvale Ave

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
25,446
Lot Size
34,487
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
4
APN
8612-020-021

The source for these homes facts are from public records.

91702 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,000
Median List Price/Sq.Ft.
$487
Median Sold Price
$712,500
Median Sold Price/Sq.Ft.
$482
Total Inventory
75
Median Sale to List Price %
101.79%
Avg Days on Market
15
Loan Type
Conventional (51.72%), FHA (17.24%), VA (3.45%), Cash (6.9%), Other (20.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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