801 East Alosta Ave Azusa, CA 91702

University Village presents an opportunity to acquire a vacant multifamily community with 320 units. Located in Azusa, in the San Gabriel Valley, the property is near Azusa Pacific University and Citrus College. The two-story property has a low density of 23 units per acre. Each apartment includes an in-home washer/dryer, a complete appliance package with dishwashers, central heating and air conditioning, and individual hot water heaters. Select homes feature vaulted ceilings and oversized balconies. Community amenities include two outdoor swimming pools, a hot tub, a recreational room, ample parking, two tennis courts, and one basketball court. Potential improvements include interior renovations, exterior paint, landscaping upgrades, repositioning of the tennis courts to multi-use amenities and/or additional dwelling units, and rebranding of the asset and community room into a leasing office and clubhouse. Situated in the center of the San Gabriel Valley, along the 210 corridor, University Village provides access to Glendora, San Dimas, Pasadena, Arcadia, Monrovia, Covina, and La Verne. The community is located in Azusa’s university and retail district, within walking distance of restaurants, movie theaters, grocery stores, bakeries, coffee shops, clothing stores, and banking institutions along Route 66 and major thoroughfares linking to East and West San Gabriel Valley. Azusa is known for its access to the San Gabriel River Trail and the Angeles National Forest.