450 S Aspan Avenue, Azusa, California 91702
- $850,000
Overview
- Apartment, Residential Income
- 3.0
- 2117 Sqft
- 1947
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.
Address
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Address: 450 S Aspan Avenue
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State/county: CA
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Zip/Postal Code: 91702
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Country: US
Details
Updated on March 31, 2024 at 4:09 pm-
Property ID CV24027719
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Price $850,000
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Property Size 2117 Sqft
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Land Area 0.3263 Acres
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Garages 3.0
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Year Built 1947
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan
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Sewer Public Sewer
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County Los Angeles
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Property Type Residential Income
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Pool None
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Community Features Curbs, Gutter(s), Sidewalks
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