1047 N San Gabriel Avenue, Azusa, California 91702, Azusa, 91702 - bed, bath

1047 N San Gabriel Avenue, Azusa, California 91702 home-pic-0
ACTIVE$1,400,000
1047 N San Gabriel Avenue, Azusa, California 91702
0Bed
0Bath
2,463Sqft
10,453Lot
Year Built
1948
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$568
HOA
-
Days on market
-
Sold On
-
MLS number
PF25247645
Home ConditionFair
Features
Good View: None
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(67th), sqft - 2463(33th), beds - undefined(50th), baths - undefined(50th).

Charming Mid-Century Triplex on Oversized Corner Lot | All Units Vacant | ADU Potential. Incredible opportunity to own a well-maintained, single-level mid-century triplex located on a generous 75’ x 140’ corner lot with alley access. Freshly painted exterior. This character-filled property offers excellent flexibility for owner-users or investors looking to establish market rents and explore future development potential, including ADU possibilities. The triplex features three single-story units, each showcasing classic stucco siding, front and back porches, and two separate entrances for added privacy and convenience. There are two one-bedroom, one-bath units, both offering laundry closets, newer floor coverings, tiled kitchen countertops, large kitchen sinks, hallway and kitchen storage, and individual window air conditioning units. The two-bedroom, one-bath unit includes a separate laundry room with built-in storage and a utility sink, along with newer flooring in the kitchen and laundry area, tiled countertops, a spacious layout, central air/heat and the same attention to storage and comfort. All bathrooms in the units feature shower-over-tub configurations. Kitchens are equipped with essential appliances including stove/oven, microwave, and large sinks. All kitchen appliances are new. Every unit is bright and functional, offering an excellent foundation for future value-add improvements or immediate rental. The property also includes a large interior courtyard that creates a peaceful community setting and encourages outdoor living. A detached four-car garage sits at the rear of the lot, with alley access, and offers prime potential for conversion to an accessory dwelling unit (buyer to verify). In addition, three more off-street parking spaces provide plenty of room for residents or guests. Recent exterior upgrades include newer block wall fencing for privacy and security, an automatic sprinkler system, and newer roof ( 10 yrs. old) Mature landscaping that features a thriving avocado tree and fruit tree. All three units are currently vacant, making this an ideal opportunity for a buyer seeking flexibility, immediate rental income, or a live-in investment scenario. This is a rare find with character, space, and long-term upside. Whether you're looking to expand your portfolio, live in one unit and rent the others, or explore development options, this property is full of potential and ready for its next chapter.

Price History

Date
Event
Price
11/05/25
Listing
$1,400,000
Condition Rating
Fair

The property, built in 1948, is well-maintained with several recent updates including a 10-year-old roof, freshly painted exterior, and new kitchen appliances. Some units also feature newer floor coverings. However, the kitchens, despite new appliances, retain very dated tiled countertops and older cabinet styles. Bathrooms similarly feature outdated tile work and fixtures. While functional and clean, the overall aesthetic in these key areas, along with some older carpet and window AC units in two units, indicates that significant cosmetic updates are required to meet current quality standards and maximize rental potential, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Income & Development Potential: This triplex offers immediate income potential with all units currently vacant, allowing for market-rate rentals. Furthermore, the oversized corner lot with alley access and a detached four-car garage presents significant Accessory Dwelling Unit (ADU) conversion opportunities, enhancing future value.
Oversized Corner Lot with Alley Access: The generous 75’ x 140’ corner lot provides ample space, increased privacy, and crucial alley access, which is highly beneficial for potential ADU development, additional parking, and overall property flexibility.
Recent Upgrades & Well-Maintained: The property benefits from a freshly painted exterior, newer block wall fencing, an automatic sprinkler system, a roof that is only 10 years old, and new kitchen appliances in all units, reducing immediate capital expenditure for a new owner.
Versatile Investment Opportunity: With all units vacant, this property offers exceptional flexibility for owner-users (live in one, rent two), investors aiming to establish market rents, or those looking to capitalize on future development and value-add improvements.
Ample Parking & Outdoor Space: The property includes a detached four-car garage (with ADU conversion potential), three additional off-street parking spaces, and a large interior courtyard, providing residents with abundant parking and a peaceful outdoor living environment.

Cons

Mixed HVAC Systems: Only the two-bedroom unit features central air/heat, while the two one-bedroom units are equipped with individual window air conditioning units, which may be less desirable and less efficient for tenants, potentially impacting rental appeal.
Age of Property (1948): Despite being well-maintained, the 1948 construction year suggests that underlying systems such as plumbing and electrical may be original or older, potentially requiring significant future upgrades or maintenance beyond cosmetic improvements.
Required Value-Add Improvements: While functional, the description notes the units offer an 'excellent foundation for future value-add improvements,' implying that substantial renovations may be necessary to achieve top-tier market rents and fully maximize the property's investment potential.

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