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450 S Aspan Avenue, Azusa, CA 91702
$850,000
450 S Aspan Avenue, Azusa, CA 91702View this property at 450 S Aspan Avenue, Azusa, CA 91702
450 S Aspan AvenueAzusaCA91702
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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.
Full Property Details
Full Property Details for 450 S Aspan Ave
General
- Sold For: $850,000
- Status: Closed
- Type: Multi-Family
- MLS ID: CV24027719
- Added to Site: 116 day(s) ago
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup, Inside, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 3
Location
- Area: 607 - Azusa
- County: Los Angeles
- Development Name: 607 - Azusa
- Driving Directions: South of I-210, East of I-605; Near the Intersection of W Gladstone Ave & S Aspan Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,117
- Year Built: 1947
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.3263
- Lot Size Source: Assessor
- Zoning: AZR1CY
- Lot Description: 2-5 Units/Acre, Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $401.51
- Price Per Unit: 425000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.25%
Listed and Sold by Re/Max 2000 Realty, Kristopher German
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Schools
Schools serving 450 S Aspan Ave
School District:Azusa Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
409 W Paramount St, Azusa, CA 91702 | K-5 | 0.5 mi | |
340 W 5th St, Azusa, CA 91702 | 6-8 | 1.1 mi | |
1340 N Enid Ave, Covina, CA 91722 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 450 S Aspan Ave
Date
Details
Price
Change
Source
3/29/2024
Sold
$850,000
—
MLS
2/08/2024
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
450 S Aspan Avenue, Azusa, CA 91702 (MLS# CV24027719) is a Multi-Family property that was sold at $850,000 on March 29, 2024. Want to learn more about 450 S Aspan Avenue? Do you have questions about finding other Multi-Family real estate for sale in Azusa? You can browse all Azusa real estate or contact a Coldwell Banker agent to request more information.