333 North Rockvale Avenue, Azusa, CA 91702

$8,400,000
50
BD
34
BA
25,236
SqFt
List Price
$8,400,000
MLS#
19500218
Bedrooms
50
Bathrooms
34
Living Sq. Ft
25,236
Lot Size
34,487
Property Type
Multifamily
Status
Active

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

Additional Information

Units
34
Net Operating Income
$398,298
Total Parking Spaces
34
Year Built
1960
View
Parking
Carport Attached
Appliances
Refrigerator
Heat
Wall Heater
Cooling
Wall or Window Units

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Avison Young ? Southern CA LTD, Peter Hauser.

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