1012 N Vernon Avenue, Azusa, California 91702, Azusa, 91702 - 0 bed, 0 bath
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Azusa, California 91702
This Duplex Residential Income Asset represents a Strong Value Opportunity, listed at $899,800—positioned well below the $903,814 Fair Market Value by 0.44%. This valuation gap offers $4,014 in Instant Equity. Featuring a Condition Rating of 4, the property offers a functional 1989 build with a detached 4-car garage. The 2-bedroom, 2-bathroom unit configuration provides high rental appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1012 N Vernon Avenue Subject | $899,800* List Price | 0 | 0 | 1,976 | $457 | - |
A 509 N Alameda Avenue Sold | $964,800 | 0 | 0 | 2,550 | $378 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (35 years old), the property is dated but functional. While the flooring has been updated to modern laminate, the kitchen and bathrooms retain original oak cabinetry and older countertops. The presence of popcorn ceilings and original built-ins suggests a need for cosmetic updates, though the overall structure appears well-maintained and move-in ready.
Both units feature a 2-bedroom, 2-bathroom layout, which is highly attractive to modern renters and offers superior functionality and privacy compared to standard 1-bathroom duplexes.
The inclusion of a detached 4-car garage provides rare and ample parking and storage for both units, significantly increasing the property's marketability and potential rental value.
Built in 1989, this property is newer than much of the surrounding multi-family inventory in Azusa, likely resulting in more efficient systems and lower immediate maintenance requirements.
With a list price of $899,800, the property requires a significant capital investment, which may challenge the initial cash-on-cash return for investors in the current interest rate environment.
Given the footprint of the 4-car garage and the duplex structure on a 6,577 sqft lot, there is likely restricted private yard space for individual tenant use.
Exceptional duplex investment opportunity in the desirable City of Azusa! This well-maintained property features two separate units, each offering 2 bedrooms, 2 bathrooms, and approximately 988 square feet of living space. The functional floor plans provide spacious living areas, well-sized bedrooms, and comfortable layouts designed for everyday living. The property also includes a detached 4-car garage, offering ample parking, storage. Ideal for investors or owner-occupants looking to live in one unit while generating rental income from the other. Conveniently located near shopping, dining, schools, parks, public transportation, and major freeways.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,976 | 2,119 |
| Lot Size | 6,577 | 13,455 |
| Price | $899.8K | $966.8K |
| Price per sq ft | $455 | $466 |
| Built year | 1989 | 1951 |
| HOA | $0 | $0 |
| Days on market | 23 | 79 |
Jun 29, 2026
$899,800
Initial Listing