1047 N San Gabriel Ave - Apartments FOR SALE


Azusa, CA 91702
$1,450,000 USD
626-818-0980
1047 N San Gabriel Ave, Azusa, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/79
null | 3.76% Cap Rate

1047 N San Gabriel Ave
Azusa, CA 91702


HIGHLIGHTS

  • All units are vacant
  • North of Foothill
  • Large corner lot
  • Owner-User
  • Extended Family
  • Potential Institutional use

OVERVIEW

Charming mid-century triplex on an oversized 75’ x 140’ corner lot with alley access and excellent ADU potential. Freshly painted exterior and all units are vacant, offering a rare opportunity for owner-users or investors to establish market rents immediately. This well-maintained single-story property features three separate units, including two 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit. Each unit offers front and rear entrances, bright interiors, ample storage, updated flooring, tiled kitchen countertops, large sinks, and laundry areas. The 2-bedroom unit also includes central air and heat, a separate laundry room with utility sink, and a spacious layout ideal for comfortable living. All kitchens feature new appliances including stove/oven and microwave. The property is centered around a large private courtyard, creating a peaceful community setting with mature landscaping, including avocado and fruit trees. Additional improvements include newer block wall fencing, automatic sprinklers, and a newer roof (approx. 10 years old). A detached 4-car garage at the rear of the property offers outstanding potential for ADU conversion (buyer to verify), plus three additional off-street parking spaces. Ideal for multi-generational living, rental income, or future development potential.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$589 USD /SF

# OF UNITS

3

PRICE/UNIT

$483,333

CAP RATE

3.76%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

4

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.