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1047 N San Gabriel Ave 3 Unit Apartment Building $2,001,957 CAD ($667,319 CAD/Unit) 3.76% Cap Rate Azusa, CA 91702
Investment Highlights
- All units are vacant
- Large corner lot
- North of Foothill
Executive Summary
Charming mid-century triplex on an oversized 75’ x 140’ corner lot with alley access and excellent ADU potential. Freshly painted exterior and all units are vacant, offering a rare opportunity for owner-users or investors to establish market rents immediately. This well-maintained single-story property features three separate units, including two 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit. Each unit offers front and rear entrances, bright interiors, ample storage, updated flooring, tiled kitchen countertops, large sinks, and laundry areas. The 2-bedroom unit also includes central air and heat, a separate laundry room with utility sink, and a spacious layout ideal for comfortable living. All kitchens feature new appliances including stove/oven and microwave. The property is centered around a large private courtyard, creating a peaceful community setting with mature landscaping, including avocado and fruit trees. Additional improvements include newer block wall fencing, automatic sprinklers, and a newer roof (approx. 10 years old). A detached 4-car garage at the rear of the property offers outstanding potential for ADU conversion (buyer to verify), plus three additional off-street parking spaces. Ideal for multi-generational living, rental income, or future development potential.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,001,957 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $667,319 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 3.76% | Building Size | 2,463 SF |
| Gross Rent Multiplier | 16.44 | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.62/1,000 SF |
| Zoning | AZR1C* | ||
| Price | $2,001,957 CAD |
| Price Per Unit | $667,319 CAD |
| Sale Type | Investment |
| Cap Rate | 3.76% |
| Gross Rent Multiplier | 16.44 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,463 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | AZR1C* |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Carpet
- Yard
- Attic
- Garden
- Lawn
- Linen Closet
- Porch
- Large Bedrooms
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 678 |
| 2+1 | 1 | - | 1,192 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 8608-014-022 | Improvements Assessment | $109,096 CAD (2025) |
| Land Assessment | $79,764 CAD (2025) | Total Assessment | $188,861 CAD (2025) |
Property Taxes
Parcel Number
8608-014-022
Land Assessment
$79,764 CAD (2025)
Improvements Assessment
$109,096 CAD (2025)
Total Assessment
$188,861 CAD (2025)
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1047 N San Gabriel Ave
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