Azusa, CA 91702,450 S Aspan AVE
Azusa, CA 91702,450 S Aspan AVE
Azusa, CA 91702,450 S Aspan AVE
$850,000
Est. payment /mo
$850,000
Est.Price: ?

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0.33 Acres Lot
SOLD DATE : 03/29/2024

Key Details

Sold Price $850,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24027719

Sold Date 03/29/24

HOA Y/N No

Year Built 1947

Lot Size 0.326 Acres

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.

Location

State CA

County Los Angeles

Area 607 - Azusa

Zoning AZR1CY

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8614028036

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
Bought with Kristopher German • RE/MAX 2000 REALTY

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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