1047 N San Gabriel Ave - Multi-Family FOR SALE


Azusa, CA 91702
$1,400,000 USD
626-818-0980
1047 N San Gabriel Ave, Azusa, CA for Sale
$1,400,000 USD
Multi-Family - FOR SALE
1/83
null | Request Cap Rate

1047 N San Gabriel Ave
Azusa, CA 91702


OVERVIEW

Charming Mid-Century Triplex on Oversized Corner Lot | All Units Vacant | ADU Potential. Incredible opportunity to own a well-maintained, single-level mid-century triplex located on a generous 75’ x 140’ corner lot with alley access. Freshly painted exterior. This character-filled property offers excellent flexibility for owner-users or investors looking to establish market rents and explore future development potential, including ADU possibilities. The triplex features three single-story units, each showcasing classic stucco siding, front and back porches, and two separate entrances for added privacy and convenience. There are two one-bedroom, one-bath units, both offering laundry closets, newer floor coverings, tiled kitchen countertops, large kitchen sinks, hallway and kitchen storage, and individual window air conditioning units. The two-bedroom, one-bath unit includes a separate laundry room with built-in storage and a utility sink, along with newer flooring in the kitchen and laundry area, tiled countertops, a spacious layout, central air/heat and the same attention to storage and comfort. All bathrooms in the units feature shower-over-tub configurations. Kitchens are equipped with essential appliances including stove/oven, microwave, and large sinks. All kitchen appliances are new. Every unit is bright and functional, offering an excellent foundation for future value-add improvements or immediate rental. The property also includes a large interior courtyard that creates a peaceful community setting and encourages outdoor living. A detached four-car garage sits at the rear of the lot, with alley access, and offers prime potential for conversion to an accessory dwelling unit (buyer to verify). In addition, three more off-street parking spaces provide plenty of room for residents or guests. Recent exterior upgrades include newer block wall fencing for privacy and security, an automatic sprinkler system, and newer roof ( 10 yrs. old) Mature landscaping that features a thriving avocado tree and fruit tree. All three units are currently vacant, making this an ideal opportunity for a buyer seeking flexibility, immediate rental income, or a live-in investment scenario. This is a rare find with character, space, and long-term upside. Whether you're looking to expand your portfolio, live in one unit and rent the others, or explore development options, this property is full of potential and ready for its next chapter. All units are vacant. Disclosure package available upon request. See financial brochure in supplements. Expenses are estimated.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$568 USD /SF

# OF UNITS

3

PRICE/UNIT

$466,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Azusa Income Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,453 SF

ZONING

AZR1C*

APN/PARCEL ID

8608-014-022

ASK ABOUT THIS PROPERTY

Enrique LizarazuDPP | CompassMore Info
626-818-0980

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Enrique LizarazuDPP | CompassMore Info
626-818-0980

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.