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212 S Azusa Avenue, Azusa, CA 91702 (MLS # PW17133790)

Price $20,600,000
Status Active
Beds 0
Baths 0 bath
Home size 78,656 sq ft
Lot Size 3.18 ac
Days on Market 161
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.
Property Type(s): Residential Income
Last Updated 6/14/2017 Year Built 1960
Community 607 - Azusa County Los Angeles

Additional Details

APPLIANCES Gas Oven, Gas Stove
AREA 607 - Azusa
CONSTRUCTION Stucco, Wood Siding
EXTERIOR Barbecue Private
GARAGE Carport, Covered Parking, On Site, Uncovered
INTERIOR Ceiling Fan
LOT 3.18 acre(s)
LOTDESCRIPTION Garden, Greenbelt, Landscaped, Paved, Sprinkler System
POOL DESCRIPTION Community Pool,In Ground
UTILITIES Public;
WATER Public

Location

 

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Listing provided by : Chris Keramati CalBRE:01702116, Triqor Group

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 11/20/17 12:55 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2017.

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