525 North San Gabriel Avenue
Azusa, CA 91702
For Sale
8,318 sqft
Sale Price
$3,200,000
Brochure
Property Website
Map
Multifamily For Sale - Available Immediately
10 Units in Azusa | Minutes Away to Downtown Azusa
10 Units in Highly Desirable Azusa
Preferred Unit Mix of Mostly 2-Bedroom Units – Two, 1-Bedroom/1-Bathroom & Eight, 2-Bedroom/1-Bathroom Units, Averaging 832 SF
Property Features Mature Landscaping, Garage Parking or Storage, Pet-Friendly Apartments with Private Patios or Porches, Laminate Flooring, Equipped Kitchens with Oven Ranges, Wall AC & Heating and Vertical Blinds*
Excellent San Gabriel Valley Location – Minutes from Downtown Azusa’s Retail Amenities Including Downtown Azusa Station, Target, Costco, CVS, Starbucks, In-N-Out, and More
5.01% Current CAP Rate & 5.71% CAP Rate at Market Rents
Strong Value Add Potential w/ Proven Renovation Plan in Progress – Several Units have been Renovated and Many Capital Improvements to the Property Have Been Made in the Last Year
Increasing Growing Demand for Rental Housing with Trends Showing Azusa is a Steady Rental Market with Long-Term Growth Potential
Azusa Attracts a Diverse Range of Renters, from Young Professionals to Families, Offering a Wider Pool of Potential Tenants
* In Select Units
Get in touch
Eric Chen
Lic: 01489184
Kevin Sin
Lic: 02020968
Blake Torgerson
Lic: 01919955
CBRE, as the exclusive advisor, is proud to present 525 N San Gabriel Ave, a compelling 10-unit multifamily investment opportunity in the high-demand Azusa submarket of the San Gabriel Valley. This well-located asset sits just north of the 210 Freeway and less than a block from the essential retail corridor of Foothill Boulevard, providing tenants with unparalleled convenience to destinations like Target, Costco, Starbucks, Max’s Mexican Cuisine, and In-N-Out. Its prime positioning also offers quick access to Downtown Azusa and the Azusa Downtown Station connecting directly to Pasadena. For regional access, tenants enjoy a short 25-minute commute to major employment and entertainment centers including DTLA, Dodger Stadium, Sofi Stadium, and Disneyland. As the home base for Azusa Pacific University and bordering Glendora, the area benefits from significant educational drivers.
525 N San Gabriel Ave is a 10-unit multifamily property spanning a ±12,257 SF parcel with over ±8,300 SF of gross rentable area, featuring an excellent unit mix of two 1-bedroom/1-bathroom units and eight 2-bedroom/1-bathroom units, averaging a spacious 832 SF each. Crucially for investors seeking operational flexibility, the property is NOT subject to the Los Angeles Rent Stabilization Ordinance, benefiting instead from AB 1482 provisions, which allow for higher annual rent increases tied to CPI.
Further enhancing the investment profile, the property features mature landscaping, a highly desirable amenity set including garage parking or storage for nearly every unit, pet-friendly apartments complete with private patios or porches, and updated interiors featuring laminate flooring and equipped kitchens with oven ranges. This strong unit base provides further income upside through additional revenue streams from on-site parking and storage, as well as the savvy investor’s opportunity to explore ADU garage conversions for added value (buyer to verify feasibility).
The property has been professionally managed and recently saw substantial capital reinvestment by current ownership over the last year, demonstrating a strong foundation. This represents the ideal scenario for a sophisticated investor to step into the driver’s seat and immediately continue rolling out the seller’s successfully-proven value-add program to rapidly capture maximum returns in this fundamentally strong San Gabriel Valley market. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
525 N San Gabriel Ave is a 10-unit multifamily property spanning a ±12,257 SF parcel with over ±8,300 SF of gross rentable area, featuring an excellent unit mix of two 1-bedroom/1-bathroom units and eight 2-bedroom/1-bathroom units, averaging a spacious 832 SF each. Crucially for investors seeking operational flexibility, the property is NOT subject to the Los Angeles Rent Stabilization Ordinance, benefiting instead from AB 1482 provisions, which allow for higher annual rent increases tied to CPI.
Further enhancing the investment profile, the property features mature landscaping, a highly desirable amenity set including garage parking or storage for nearly every unit, pet-friendly apartments complete with private patios or porches, and updated interiors featuring laminate flooring and equipped kitchens with oven ranges. This strong unit base provides further income upside through additional revenue streams from on-site parking and storage, as well as the savvy investor’s opportunity to explore ADU garage conversions for added value (buyer to verify feasibility).
The property has been professionally managed and recently saw substantial capital reinvestment by current ownership over the last year, demonstrating a strong foundation. This represents the ideal scenario for a sophisticated investor to step into the driver’s seat and immediately continue rolling out the seller’s successfully-proven value-add program to rapidly capture maximum returns in this fundamentally strong San Gabriel Valley market. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
Nestled against the eastern foothills of the San Gabriel Mountains, Azusa, California is aptly nicknamed “The Canyon City.” The San Gabriel River flanks the city to the west, while the dramatic peaks of the range rise to the north. This foothill location provides stunning scenery and access to recreational opportunities in the San Gabriel Canyon. The city itself is relatively compact, so sprawled across just under 10 square miles, with most of its area being land. Interestingly, historic Route 66 winds its way through Azusa on Foothill Boulevard and Alosta Avenue, adding a touch of nostalgia to the city’s geography.
The San Gabriel Valley and Los Angeles County enjoy a robust and multifaceted economy. A strong emphasis on education, with Caltech at the forefront, fuels innovation and attracts a skilled workforce. Healthcare is another major player, with numerous hospitals and medical facilities throughout the region. Manufacturing also holds a significant role, particularly in the City of Industry, a major industrial hub. Tourism thrives thanks to the region’s natural beauty and proximity to Los Angeles. Technology is a growing sector, further diversifying the economic landscape. International trade flourishes, especially with Pacific Rim nations, fueled by the area’s substantial Asian population and strong foreign investment. This diverse economic engine, coupled with excellent transportation infrastructure that connects the Valley to major ports and beyond, positions San Gabriel Valley for continued growth and prosperity.
Azusa boasts a diverse economy with a strong presence of manufacturing and distribution companies. These businesses provide a significant number of jobs for the city’s residents. However, Azusa also fosters a growing professional sector, attracting various employers. This mix contributes to a stable economic base. The retail sector in Azusa complements this by catering to both residents and visitors. Along with national chains, locally owned shops and eateries add vibrancy to the commercial landscape, further solidifying Azusa’s economic well-being.
Beyond its economic offerings, the San Gabriel Valley boasts a wealth of recreational activities and entertainment options. Hikers and nature enthusiasts can explore the scenic trails of the San Gabriel Mountains, while art lovers can visit the Norton Simon Museum or Pasadena Playhouse. Families can enjoy amusement parks like Knott’s Berry Farm or Raging Waters. Additionally, numerous parks, community centers, and golf courses provide opportunities for leisure and socializing.
The San Gabriel Valley and Los Angeles County enjoy a robust and multifaceted economy. A strong emphasis on education, with Caltech at the forefront, fuels innovation and attracts a skilled workforce. Healthcare is another major player, with numerous hospitals and medical facilities throughout the region. Manufacturing also holds a significant role, particularly in the City of Industry, a major industrial hub. Tourism thrives thanks to the region’s natural beauty and proximity to Los Angeles. Technology is a growing sector, further diversifying the economic landscape. International trade flourishes, especially with Pacific Rim nations, fueled by the area’s substantial Asian population and strong foreign investment. This diverse economic engine, coupled with excellent transportation infrastructure that connects the Valley to major ports and beyond, positions San Gabriel Valley for continued growth and prosperity.
Azusa boasts a diverse economy with a strong presence of manufacturing and distribution companies. These businesses provide a significant number of jobs for the city’s residents. However, Azusa also fosters a growing professional sector, attracting various employers. This mix contributes to a stable economic base. The retail sector in Azusa complements this by catering to both residents and visitors. Along with national chains, locally owned shops and eateries add vibrancy to the commercial landscape, further solidifying Azusa’s economic well-being.
Beyond its economic offerings, the San Gabriel Valley boasts a wealth of recreational activities and entertainment options. Hikers and nature enthusiasts can explore the scenic trails of the San Gabriel Mountains, while art lovers can visit the Norton Simon Museum or Pasadena Playhouse. Families can enjoy amusement parks like Knott’s Berry Farm or Raging Waters. Additionally, numerous parks, community centers, and golf courses provide opportunities for leisure and socializing.
Total Space Available
8,318 sqft
Sale Price
$3,200,000
Amenity
The Shops at Santa Anita
Mall
9.9 miles
15 min.
/drive
Place
Azusa Pacific University
College
2 miles
5 min.
/drive
Transit/Subway
Azusa Metro Gold Line Train Station
1.5 miles
5 min.
/drive
Ontario Airport
23 miles
30 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Kevin Sin
Lic: 02020968
Blake Torgerson
Lic: 01919955