1381 N San Gabriel Canyon Rd | Azusa, CA 91702
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- LoopNet Team
1381 N San Gabriel Canyon Rd
Azusa, CA 91702
The Riviera · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- Approximately $500K in Capital Improvements Including Complete Exterior and Common Area Renovations and Interior Renovations; 10 of 36 Units Renovated
- Significant Value-Add Opportunity – Approximately 22% Rental Upside through Interior and Exterior Renovations
- The Azusa Rental Market Has Remained Strong throughout Covid-19 with Less than a 2.5% Overall Vacancy Rate and Rent Growth throughout the Pandemic
- Excellent Unit Mix Featuring all One and Two Bedroom Floor Plans | Generous Average Unit Size of 824 Net Square Feet
- Offering at 3.66% Cap Rate on Current Income, 4.94% Cap Rate on Market Rents
- Superb Amenities Including On-Site Laundry Facilities, Pool, High Speed Internet Access, Air Conditioning, Ceiling Fans, Cable Ready, Disposal, Carpet
PROPERTY FACTS
| No. Units | 36 | Building Size | 29,650 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 1.27 AC | ||
| Zoning | R3C, Azusa | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 29,650 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R3C, Azusa |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Ceiling Fans
- High Speed Internet Access
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $1,550 | - |
| 2+1 | 22 | $1,774 | - |
| 2+2 | 4 | $1,956 | - |
PROPERTY TAXES
| Parcel Number | 8608-001-003 | Improvements Assessment | $6,866,640 |
| Land Assessment | $4,369,680 | Total Assessment | $11,236,320 |
PROPERTY TAXES
Parcel Number
8608-001-003
Land Assessment
$4,369,680
Improvements Assessment
$6,866,640
Total Assessment
$11,236,320
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