212 S Azusa Avenue Azusa, CA 91702
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., 1 Tribeca Apartment Homes, off S. Azusa Avenue
Interior Features Include:
Floor Type: Wood
Exterior Features Include:
Acreage: 3.1800 Acres
Description Garden, Greenbelt, Landscaped, Paved, Sprinkler System
Square Feet 138334
Construction Stucco, Wood Siding
Garage/Parking: Carport, Covered Parking, Uncovered, On Site
Parking Carport, Covered Parking, Uncovered, On Site
Carport Capacity: 96
Other Features Include:
Appliances Gas Oven, Gas Stove
Pool: Community Pool, In Ground
Community Features Curbs, Sidewalks, Suburban
Total Expenses 607009.00
Separate Gas Meters 0
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