219-221 N San Gabriel Ave
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219-221 N San Gabriel Ave
12 Unit Apartment Building $3,785,000 ($315,417/Unit) 5.21% Cap Rate Azusa, CA 91702
Investment Highlights
- Assumable financing @ 3.30% fixed until 2029
- Majority of the units feature upgraded counters and flooring
- Immediately attainable rental upside
- Predominately two bedroom floorplans
Executive Summary
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.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,785,000 | Building Class | C |
| Price Per Unit | $315,417 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 9,240 SF |
| Cap Rate | 5.21% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low Rise |
| Price | $3,785,000 |
| Price Per Unit | $315,417 |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 9,240 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,150 | 700 |
| 2+1 | 8 | $2,450 | 900 |
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Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 8611-028-006 | Total Assessment | $1,045,994 |
| Land Assessment | $274,177 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $771,817 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
8611-028-006
Land Assessment
$274,177
Improvements Assessment
$771,817
Total Assessment
$1,045,994
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R3C, Azusa |
| R3C, Azusa |
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219-221 N San Gabriel Ave
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