TOWNHOME DEVELOPMENT TO BE DELIVERED "RTI"

573 E Arrow Highway

Azusa, CA 91702

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OFFERING METRICS

LISTING PRICE

$1,525,000

PRICE PER BUILDABLE UNIT

$152,500

PRICE PER SF (LOT)

$80.73

TOTAL LOT SF

±18,890

ASSESSOR PARCEL NUMBER

8621-008-057/8

PROPERTY OVERVIEW

The Azusa Townhomes located at 573 East Arrow Highway in Azusa, CA is a for-sale development of (10)-2 bed / 2 bath units averaging ±1,210 SF situated on a ±18,890 SF lot. With the development’s delivery with “ready-to-issue” permits, a new builder will have the opportunity to begin construction right away and capitalize on the V-shaped recovery following the COVID-19 pandemic.
 

Currently, the asset has no existing structures on site allowing for a low entry to development with no demolition of existing structures and minimal site preparation. Upon delivery of “ready-to-issue” permits, the builder will have the opportunity to catch an increasing price per SF exit that is driving the Azusa market upward.
 

The asset is centrally located near many retailers, attractions, and schools allowing for a family end-user to capitalize on a clean, new construction townhome while maintaining distance to all of life’s daily needs to be within proximity.

 

OPPORTUNITY HIGHLIGHTS

  • 10 townhome development in Azusa, CA
     

  • The development will be delivered "ready-to-issue"
     

  • Situated in a central location near AMC Covina 17, harbor Freight Tools, Planet Fitness, The Outlet by E.L.S., Joann Fabrics and Crafts, Sky Zone Trampoline Park, Lowe's Home Improvement, Superior Grocers, and Wingstop

  • Ideal strategy for future builder is for a for-sale exit of the investment
     

  • Great development for family end-users looking to live in a rapidly developing sub-market of Southern California
     

  • Within proximity to Azusa Pacific University and Azusa High School
     

 

LOCATION MAP

 

CONTACTS

CASEY PICARD
Managing Partner

626.376.9224

Casey.Picard@AggregateIP.com

Cal BRE #01921866

 

STEVE CHANG
Senior Partner

626.381.9885

Steve.Chang@AggregateIP.com

Cal BRE #02028509