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Azusa, CA 91702 450 S Aspan Avenue

$850,000

Sold: Mar 29, 2024
450 S Aspan Avenue Azusa, Ca - Image 1450 S Aspan Avenue Azusa, Ca - Image 2450 S Aspan Avenue Azusa, Ca - Image 3
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450 S Aspan Avenue Azusa, Ca - Image 4450 S Aspan Avenue Azusa, Ca - Image 5450 S Aspan Avenue Azusa, Ca - Image 6450 S Aspan Avenue Azusa, Ca - Image 7
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
  • MLS# CV24027719
  • 02/08/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 2,117
  • GarageGarage • 3

Home Details

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.
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443

General for 450 S Aspan Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Buyer FinancingCashtoLoan
Carport Y/NNo
CityAzusa
Close Price850000.0
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
Days on Market5
DirectionsSouth of I-210, East of I-605; Near the Intersection of W Gladstone Ave & S Aspan Ave
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income44400.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense1905.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet14212.0
MLS Area607 - Azusa
MaintenanceExpense3000.0
MobileHomeRemainsYNNo
Net Operating Income26885.0
New ConstructionNo
Open Parking Spaces4.0
Operating Expense16183.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Stories1
Street NameAspan
Tax Lot179
Taxes$9,958
Tenant PaysElectricity, Gas
Total Units2
Trash Expense0.0
View Y/NNo
Water Sewer Expense1320.0
Waterfront Y/NNo
Year Built1947
Year Built SourceAssessor
ZoningAZR1CY

Interior for 450 S Aspan Avenue

Air Conditioning Y/NNo
Basement (Y/N)No
BuyerOfficeEmailkuansung@hotmail.com
Common WallsNoCommonWalls
Electric On Property Y/NNo
Entry Level1
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, ElectricDryerHookup, GasDryerHookup, Inside
Street SuffixAvenue
Total Stories1

Exterior for 450 S Aspan Avenue

Building Area Total2117.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.3263
Lot Size Area14212.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking7.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $850,000
MLS#CV24027719
List Date 02/08/2024
Property Type Multi-Family
Phone 714.964.3311
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