5-Unit Apartment
For Sale
$1,789,800
619 N Alameda Avenue, Azusa, CA 91702
Updated rental units feature private laundry hookups, central air conditioning, and heating throughout the property.
Property Size5,212 SF
Days on Market70
Property Features for 619 N Alameda Avenue
General Information
Standard status
Active
Size
5,212 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
5 x 2BR/2BA
Multifamily Units
5
Amenities
laundry hookups
central AC
central heating
Building Details
Building Size
5,212 SF
Year Built
1982
Listing Agency:
Rise Realty
Listed By:
Richard Kim · License #01983367
(213) 479-2163
Source:
Archetyperealty
Added: Aug 10
Changed: Oct 14
Last Checked: Oct 16 at 5:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rise Realty
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Investment Insights
Based on property information with market context.
Built in 1982, this five-unit apartment property includes updated two-bedroom, two-bath residences. Each unit is equipped with full laundry hookups along with central air conditioning and heat, providing consistent in-unit climate control and laundry functionality.
The property is located at 619 N Alameda Ave in Azusa, with walkable access to the Azusa Metro station and downtown Azusa. Interstate 210 is also readily accessible. Recorded mobility scores include a Walk Score of 83, a Bike Score of 61, and a Transit Score of 41.
The property is located at 619 N Alameda Ave in Azusa, with walkable access to the Azusa Metro station and downtown Azusa. Interstate 210 is also readily accessible. Recorded mobility scores include a Walk Score of 83, a Bike Score of 61, and a Transit Score of 41.
Key Highlights
- Five‑unit apartment building in Azusa
- Updated 2 bed, 2 bath units
- Full laundry hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,865
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,300
$1.7M
Cap Rate 7%
$1,198,071
$1.2M
Cap Rate 9%
$931,833
$931.8K
Market Conditions
NOI Build-Up for 5,212 SF
Gross rent
$165.7K $31.80/SF
− Vacancy
−$13.3K −$2.54/SF
EGI
$152.5K $29.26/SF
− OpEx
−$68.6K −$13.17/SF
NOI
$83.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,300
Cap Rate 7%
$1,198,071
Cap Rate 9%
$931,833
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,865 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,334 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 91702, CA
62,328
Population
18,218
Households
3.4
Avg Household Size
34
Median Age
24%
College-Educated
78%
High-School Grad
65.0 sq mi
ZIP Area
959
Density / Sq Mi
$87,577
Median Household Income
$35,714
Median Earnings
$1,847
Median Rent
$604,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated rental units feature private laundry hookups, central air conditioning, and heating throughout the property.
Where is this apartment building located?
The property is located at 619 N Alameda Avenue Azusa, CA.
What is the asking price?
The asking price for this property is $1,789,800.
What are key features of this property?
This property features: Five‑unit apartment building in Azusa; Updated 2 bed, 2 bath units; Full laundry hookups in each unit
