333 N Rockvale Avenue

    Azusa, CA 91702
    • $8,400,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: 19500218
    UPDATED: 46 min ago
    $8,400,000
    • 50
      BEDS
    • 0.79
      ACRES
    • 34
      BATHS
    • 0
      1/2 BATHS
    • 25,236
      SQFT
    • $333
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    The Rockvale Apartment Community is an ideal opportunity for a multifamily investor to take advantage of purchasing an apartment asset in the dynamic growth market of the East San Gabriel Valley. The Rockvale Apartments is conveniently located within a short distance to retail, restaurants, gold line transit hub, major entertainment venues and the top employment centers. The ownership does not have a defined timeline to sell and therefore may be able to accommodate timing on a 1031 exchange into Rockvale. The property features a projected immediately attainable upside in rental income. This is also a value add opportunity as the owners have owned the property for almost 30 years and have maintained, but not fully upgraded the interiors. The Rockvale Apartments is the perfect multifamily investment opportunity with projected long-term market stability, positive rental growth, improving East San Gabriel Valley sub-market location, tax and long-term appreciation benefits

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    Based on information from CARETS as of 2019-11-12T22:48:10.24. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.goldenpalmproperties.com/homes/97983487

    333 N Rockvale Avenue Azusa, CA 91702

    • Price: $8,400,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: 19500218
    50
    Beds
    34
    Baths
    0
    ½ Baths
    0.79
    Acres
    25,236
    SQFT
    $333
    $/SQFT
    1960
    Built
    Neighborhood:
    Azusa (607)
    County:
    Los Angeles
    Area:
    Azusa (607)
    Property Description
    The Rockvale Apartment Community is an ideal opportunity for a multifamily investor to take advantage of purchasing an apartment asset in the dynamic growth market of the East San Gabriel Valley. The Rockvale Apartments is conveniently located within a short distance to retail, restaurants, gold line transit hub, major entertainment venues and the top employment centers. The ownership does not have a defined timeline to sell and therefore may be able to accommodate timing on a 1031 exchange into Rockvale. The property features a projected immediately attainable upside in rental income. This is also a value add opportunity as the owners have owned the property for almost 30 years and have maintained, but not fully upgraded the interiors. The Rockvale Apartments is the perfect multifamily investment opportunity with projected long-term market stability, positive rental growth, improving East San Gabriel Valley sub-market location, tax and long-term appreciation benefits
    Exterior Features

    Parking Features Covered Parking Parking Spaces Total 34 Parking Type Carport Attached

    Interior Features

    Appliances Refrigerator Cooking Appliances Range Cooling Type Wall Or Window Units Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2 Unit Number Of Bed03 3

    Property Features

    Adjusted Gross Income 648600.00 Cap Rate 4.74 Country United States Of America Expense Total Annual 241578.00 Gross Operating Income 639876.00 Gross Rent Multiplier 12.95 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 398298.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1450.00 Unit Monthly Rent02 1750.00 Unit Monthly Rent03 2000.00 Unit Projected Total Monthly Rent01 330600.00 Unit Projected Total Monthly Rent02 294000.00 Unit Projected Total Monthly Rent03 24000.00 Unit Total Monthly Rent01 294120.00 Unit Total Monthly Rent02 231000.00 Unit Total Monthly Rent03 21600.00 Unit Type01 19 Unit Type02 14 Unit Type03 1 Units Total In Complex 34 Zoning Azr3c1200*

    Listing provided courtesy of Peter Hauser DRE#00856966 of Avison Young ? Southern Ca Ltd.


    Based on information from CARETS as of 2019-11-12T22:48:10.24. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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    Beverly Hills CA, 90210