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525 N San Gabriel Ave, Azusa, CA 91702
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525 N San Gabriel Ave Azusa, CA 91702

$3,200,000
  • 18 Beds
  • 10 Baths
  • 8,318 Sq.Ft.
For Sale
$3,200,000 Get Pre-Qualified
Map preview of 525 N San Gabriel Ave, Azusa, CA 91702

Property Overview: 525 N San Gabriel Ave Azusa, CA has 18 bedrooms, 10 bathrooms, 8,318 living square feet and 12,257 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by ERIC CHEN | BRE #01489184 | CB RICHARD ELLIS
Last checked: 4 minutes ago | Last updated: June 14th, 2024 | Source CRMLS | DOM: 99
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Home details

Lot Sq. Ft
12,257
HOA Dues
$0/mo
Year built
1963
Garage
15 Car
Property Type:
Apartment
Status
Active
MLS#
CV24121894
City
Azusa
County
Los Angeles
Time on Site
106 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 9
  • # of Electric Meters: 10
  • # of Gas Meters: 10
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $43,200
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,245
  • Total Rent: $173,280
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.33%
  • Gross Rent Multiplier: 14.55
  • Gross Scheduled Income: $219,898
  • Net Operating Income: $138,438
  • Gross Operating Income: $213,301
  • Vacancy Allowance: $6,597
  • Laundry Income: $3,418
Annual Expense Breakdown
  • Total Operating Expense: $74,863
  • Electric: $702
  • Licenses: $2,285
  • New Taxes: $39,915
  • Trash: $5,951
  • Insurance: $3,880
  • Maintenance: $7,500
  • Professional Management: $6,399
  • Water/Sewer: $4,511
  • Other Expenses: $2,000
  • Other Expense Description: Reserves

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Property Details for 525 N San Gabriel Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 15
  • # of Parking Spaces: 15
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 8611006008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Merge onto I-10 W, Merge onto I-210 W, Exit Azusa Ave, Turn left onto E 2nd St, Turn right onto N Azusa Ave, Turn left at E 6th St, Turn left onto N San Gabriel Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Azusa Agent

Sale History for 525 N San Gabriel Ave

Last sold for $2,800,000 on March 30th, 2022

  • June, 2024

  • Jun 14, 2024

    Date

    Active

    CRMLS: CV24121894

    $3,200,000

    Price

  • March, 2022

  • Mar 30, 2022

    Date

    Sold

    CRMLS: CV22005658

    $2,800,000

    Price

  • Jan 11, 2022

    Date

    Active

    CRMLS: CV22005658

    $2,800,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • January, 2021

  • Jan 27, 2021

    Date

    Expired

    CRMLS: CV20175868

    $2,500,000

    Price

  • Aug 26, 2020

    Date

    Active

    CRMLS: CV20175868

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    We are proud to 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 units 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 well-kept assets in an outstanding location poised for continued growth.

  • March, 1998

  • Mar 3, 1998

    Date

    Sold (Public Records)

    Public Records

    $434,500

    Price

  • April, 1997

  • Apr 28, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 525 N San Gabriel Ave

Assessed Value (2020): $634,769
Year Land Value Improved Value Assessed Value
2020 $124,383 $510,386 $634,769

Home Value Compared to the Market

This property vs the competition

525 N San Gabriel Ave is listed 371.28% higher than the median list price for the city of Azusa which has a median list price of $679,000. The median price per/sqft for Azusa is $506 and this home is listed at $384.71 per/sqft which puts the price per square foot 23.97% lower than the median price per square foot for the city of Azusa.

About 525 N San Gabriel Ave

Detailed summary of property

525 N San Gabriel Ave is a apartment located in Azusa, CA 91702 and is currently for sale. This apartment offers 18 bedrooms, 10 bathrooms, roughly 8,318 living square feet, and sits on an approximately 12,257 square foot lot. 525 N San Gabriel Ave was first listed on ArdentRealEstateGroup.com on June 14, 2024. The homeowner is currently asking $3,200,000. The median priced home in Azusa is $679,000 with a median price per square foot of $506. Based on Ardent Real Estate Group's Azusa Market Data, this home is listed 371.28% higher than the median priced home. Local competing homes currently for sale include 7361 Artesia Blvd, 4944 Glacier Dr and 144 S Avenue 55. While the average home in Azusa, CA is selling in 44 days, 525 N San Gabriel Ave has a days on market of 99 days. There are currently 83 homes for sale in the Azusa real estate market and 52 of them are single family homes while 22 of them are condos and 9 are townhomes. For more information on this home for sale at 525 N San Gabriel 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 525 N San Gabriel Ave

Public county record property details
Beds
18
Baths
10
Year built
1963
Sq. Ft.
8,318
Lot Size
12,257
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12-15
APN
8611-006-008

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
$689,900
Median List Price/Sq.Ft.
$488
Median Sold Price
$712,500
Median Sold Price/Sq.Ft.
$482
Total Inventory
79
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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