$ 6,500,000
573 East Arrow Azusa, CA 91702
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Listed by ERIC CHEN • CB RICHARD ELLIS
$ 6,500,000
Est. payment | /mo
12,100 SqFt
$ 6,500,000
Est. payment | /mo
12,100 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 12,100 sqft
Price per Sqft $537
MLS Listing ID CV-24031625
Year Built 2024
Lot Size 0.434 Acres
Property Description
We are pleased to present the unique opportunity to acquire 573 E Arrow Highway strategically located in vibrant Azusa, California. The Azusa Arrow Villa Townhomes are a brand new 10-unit townhome development project scheduled for construction completion by the end of Spring 2024. The townhomes offer investors the chance to capitalize on the surging demand for high-quality housing in the Los Angeles metro area while generating stable and attractive returns. The property is situated on ?18,890 square feet of land, just a few blocks south of Interstate 210 and less than three miles away from Azusa Pacific University. The property offers convenient access to grocery stores, pharmacies, restaurants, and specialty retail. Azusa Arrow Villa Townhomes comprise of 10, 2-bedroom and 2.5-bathroom tri-story, modern Spanish-style duplex and triplex units that sit parallel to each other. The interior unit design includes a stair way between the front porch entrance and garage with a generous space for side-by-side laundry and storage, which leads to a living area and kitchen on the second floor. The open concept second floor also has a great room, dining room and a half bathroom that features modern wood flooring, fixtures and amenities. The third floor consists of spacious primary suites with bathtubs, walk-in closets and unobstructed views of the San Gabriel Mountains. The second bedroom has sliding closet doors with a full bath right outside the door. Situated in a desirable area of Azusa, the development is within close proximity to key area amenities, such as Azusa Canyon, various parks and hiking trails, Splash Azusa Water Park, the Metro Gold Line, Citrus Plaza, The Village Shopping Center, Azusa Pacific University, Citrus College, and the award winning Azusa High School. This location attracts renters seeking a convenient and vibrant lifestyle and provides easy access to the 210, 134, 10, and 605 freeways, which connects to all of San Gabriel Valley, Los Angeles County, the Inland Empire and beyond. Significant local landmarks within a 20-mile radius include: the Huntington Library, Rose Bowl, Santa Anita Park, The Shops on Lake Avenue, Old Town Pasadena, LA County Arboretum, Azusa Greens Country Club, and The Shops at Santa Anita. Azusa Arrow Villa Townhomes are poised to become a prime income-producing opportunity and a great long-term investment.
Location
State CA
County Los Angeles
Zoning AZC3*
Interior
Heating Central
Cooling Central Air
Laundry Inside
Exterior
Garage Garage
Garage Spaces 20.0
Pool None
Community Features Curbs, Sidewalks
Building
Sewer Public Sewer
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Darren Humphrey
Partner | Lic# DRE 01724424