Skip To Content

1311 N Azusa Avenue

Azusa, CA 91702
  • $11,300,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: CV21219177
UPDATED: 112 min ago
$11,300,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:
Area:

School Ratings & Info

Description

The Palm View Apartments located at 1311 N Azusa Avenue in the city of Azusa. May also be purchased together or separately with the Riviera Apartments located at 1381 N San Gabriel Canyon Road in the city of Azusa. Situated one parcel from one another, the Riviera Apartments and the Palm View Apartments are on the same block between Sierra Madre Avenue and E 13th Street. Both properties provide easy access to Azusa Pacific University, Downtown Azusa, the 210 Freeway, and the Metro Gold Line Station. The properties are within minutes to plenty of diverse restaurants, shopping, and world class educational institutions.Located in the heart of the San Gabriel Valley, Azusa is a charming LA suburb regarded for its pervasive natural beauty and exceptional opportunities for outdoor recreation. Nicknamed "the Canyon City, Azusa sits at the entrance to the San Gabriel Canyon. The San Gabriel Mountains are also visible throughout much of the city. In addition to the canyons and mountains, Azusa residents enjoy access to a host of scenic parks and trails, including the nearby Santa Fe Dam Recreation Area.The city of Azusa is ideally located by offering convenient access to the neighboring cities within the San Gabriel Valley, Los Angeles County and San Bernardino County. It is less than 30 miles from LAX and is conveniently positioned within minutes to the I-210 and I-10 freeways with just a short drive way from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20-mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more.The Palm View Apartments in Azusa is also a well-maintained 2-story, 36-unit property built in 1961. Boasting a number of interior and exterior renovations, the Property is situated on one parcel of land that totals approximately 43,423 square feet and a total building size of 30,266 square feet. It features a unit mix of one-bed/one-bathroom and a two-bed/one-bathroom units averaging 841 gross square feet per unit. The units also feature high-speed Internet access, air conditioning, ceiling fans, wall-to-wall carpet and window coverings. The building features on-site laundry, covered parking and a pool with mature landscaping.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-18T00:25:52.45. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/122032997
Print Image

1311 N Azusa Avenue Azusa, CA 91702

  • Price: $11,300,000
  • Status: Active
  • Updated: 112 min ago
  • ID#: CV21219177
0
Beds
0
Baths
0
½ Baths
1
Acres
1961
Built
Neighborhood:
607 - Azusa
County:
Los Angeles
Area:
607 - Azusa
Property Description
The Palm View Apartments located at 1311 N Azusa Avenue in the city of Azusa. May also be purchased together or separately with the Riviera Apartments located at 1381 N San Gabriel Canyon Road in the city of Azusa. Situated one parcel from one another, the Riviera Apartments and the Palm View Apartments are on the same block between Sierra Madre Avenue and E 13th Street. Both properties provide easy access to Azusa Pacific University, Downtown Azusa, the 210 Freeway, and the Metro Gold Line Station. The properties are within minutes to plenty of diverse restaurants, shopping, and world class educational institutions.Located in the heart of the San Gabriel Valley, Azusa is a charming LA suburb regarded for its pervasive natural beauty and exceptional opportunities for outdoor recreation. Nicknamed "the Canyon City, Azusa sits at the entrance to the San Gabriel Canyon. The San Gabriel Mountains are also visible throughout much of the city. In addition to the canyons and mountains, Azusa residents enjoy access to a host of scenic parks and trails, including the nearby Santa Fe Dam Recreation Area.The city of Azusa is ideally located by offering convenient access to the neighboring cities within the San Gabriel Valley, Los Angeles County and San Bernardino County. It is less than 30 miles from LAX and is conveniently positioned within minutes to the I-210 and I-10 freeways with just a short drive way from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20-mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more.The Palm View Apartments in Azusa is also a well-maintained 2-story, 36-unit property built in 1961. Boasting a number of interior and exterior renovations, the Property is situated on one parcel of land that totals approximately 43,423 square feet and a total building size of 30,266 square feet. It features a unit mix of one-bed/one-bathroom and a two-bed/one-bathroom units averaging 841 gross square feet per unit. The units also feature high-speed Internet access, air conditioning, ceiling fans, wall-to-wall carpet and window coverings. The building features on-site laundry, covered parking and a pool with mature landscaping.
Exterior Features

Carport Spaces 38 Carport YN Yes Lot Features 36-40 Units/Acre Number Of Separate Electric Meters 36 Parking Total 38 Pool Features Community Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View Mountain(S)Neighborhood View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Interior Features Ceiling Fan(S)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.6 Common Interest Community Apartment Community Features CurbsSidewalksPool Electric Expense 5263 Fuel Expense 23435 Garage YN No Gross Income 31348 Gross Scheduled Income 692868 Insurance Expense 12600 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 21600 Net Operating Income 407233 New Construction YN No New Taxes Expense 138701 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 36 Operating Expense 295257 Other Expense 7200 Pool Expense 3420 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityTrash Collection Total Actual Rent 57739 Trash Expense 0 Vacancy Allowance 21726 Water Sewer Expense 16360 Water Source Public Zoning Azr3c*

Listing provided courtesy of Eric Chen of Cb Richard Ellis


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-18T00:25:52.45. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367360061-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367360061-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367360061-1.jpg
Logo
The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101