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450 S Aspan Avenue

Azusa, CA 91702
  • $850,000
  • STATUS: Pending
  • ON SITE: 15 Days
  • ID#: CV24027719
Pending
UPDATED: 55 min ago
$850,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:
Area:

School Ratings & Info

Listing Agent(s): Kristopher German of RE/MAX 2000 REALTY (626-956-0188)


Description

We are pleased to exclusively offer for sale an exceptional investment opportunity in the city of Azusa featuring two detached, single-story cottages, each boasting a 3-Bed/1-Bath layout. This unique property sits on a substantial 14,212 square foot lot, providing a generous 2,117 square feet of rental space. Notably, the rear house was constructed in 1990, adding modernity and style to the investment.Each cottage offers tenants desirable amenities including; private front and rear yards, private laundry hookups, attached garage parking and central A/C & Heat. Tenants are responsible for all utilities, excluding water. This setup minimizes the owner's monthly expenses, enhancing the property's profitability.The investment offers a 35% upside in rental income for a savvy investor familiar with the repositioning of tenancy. This potential for increased revenue makes it an attractive option for investors looking to capitalize on market dynamics and optimize their returns. Both units are tenant occupied and the property will be delivered with the tenants in place.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T13:30:43.54. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/147392390
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450 S Aspan Avenue Azusa, CA 91702

  • Price: $850,000
  • Status: Pending
  • On Site: 15 Days
  • Updated: 55 min ago
  • ID#: CV24027719
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1947
Built
Neighborhood:
607 - Azusa
County:
Los Angeles
Area:
607 - Azusa
Property Description
We are pleased to exclusively offer for sale an exceptional investment opportunity in the city of Azusa featuring two detached, single-story cottages, each boasting a 3-Bed/1-Bath layout. This unique property sits on a substantial 14,212 square foot lot, providing a generous 2,117 square feet of rental space. Notably, the rear house was constructed in 1990, adding modernity and style to the investment.Each cottage offers tenants desirable amenities including; private front and rear yards, private laundry hookups, attached garage parking and central A/C & Heat. Tenants are responsible for all utilities, excluding water. This setup minimizes the owner's monthly expenses, enhancing the property's profitability.The investment offers a 35% upside in rental income for a savvy investor familiar with the repositioning of tenancy. This potential for increased revenue makes it an attractive option for investors looking to capitalize on market dynamics and optimize their returns. Both units are tenant occupied and the property will be delivered with the tenants in place.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 2 Open Parking Spaces 4 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features CurbsGutter(s)Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 44400 Gross Scheduled Income 44400 Insurance Expense 1905 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupGas Dryer HookupInside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 3000 Net Operating Income 26885 New Construction YN No New Taxes Expense 9958 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 16183 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 0 Vacancy Allowance 1332 Water Sewer Expense 1320 Water Source Public Zoning AZR1CY



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T13:30:43.54. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Kristopher German of RE/MAX 2000 REALTY (626-956-0188)