212 S Azusa Avenue

  • Azusa

  • $20,600,000
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Residential Income Details

Description
Triqor Group is pleased to present Tribeca Apartments, a 96-unit garden-style apartment community located in Azusa, California. Tribeca was built in 1960, boasting well designed, spacious units with many units having been upgraded to earn premium rents. New ownership will be able to continue the proven model with the remaining units and further boost NOI growth. In addition, the buyer can take advantage of assuming the in-place loan which is better than the current market financing. Tribeca Apartments offers an astute investor the opportunity to purchase a well located, well-maintained,institutional quality asset with over 10% upside in rents and a mid-5% cap rate on market. The Tribeca Apartments is strategically located near Interstate 210 with frontage on Azusa Ave, the city' s major north/south thoroughfare. The property is 3.5 miles east of the 605 Freeway and 5 miles west of the 57 Freeway. The property is surrounded by major employment, retailers and a rapidly growing population. Additionally, Tribeca is in close proximity to higher education institutions including Azusa Pacific University and Citrus College. Tribeca is 1 mile from the new Downtown Azusa train station for the Foothill Gold Line, further connecting tenants to Downtown LA.
Essential
MLS #PW17133790
Price$20,600,000
Number of Units96
Sale TypeStandard
StatusActive
Listing BrokerageTriqor Group
Listing AgentChris Keramati
Listing Agent BRE #01702116
Interior
FeaturesCeiling Fan
FloorWood
AppliancesGas Oven,Gas Stove
Exterior
ParkingCarport,Covered Parking,Uncovered,On Site
Garage Spaces0
PoolCommunity Pool,In Ground
RoofingFlat
Community
Area607 - Azusa
CommunityCurbs,Sidewalks,Suburban
Address212 S Azusa Avenue
CityAzusa
CountyLos Angeles
StateCA
ZipCode91702
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, October 2, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.