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.
MLS #
CRCV24027719
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.25
Appliances
Other
Pool
None
Garage/Parking
Garage: 3 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
2 | – | 2 |
450 S Aspan Ave is a Duplex in Azusa, CA 91702. This – square foot property sits on a 14,212 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $850,000 and was built in 1947.
This address can also be written as 450 S Aspan Ave, Azusa, CA 91702.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of March 31, 2024. For the most current information, please contact Kristopher German, (626) 427-0786