201 S Vernon, Azusa, California 91702, Azusa, 91702 - 0 bed, 0 bath
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Azusa, California 91702
This 5-unit multifamily property presents a Strong Value Opportunity with a List Price of $1,799,000—positioned above the $1,646,732 Fair Market Value. While the property requires capital investment due to its Condition Rating of 5, the 0.38-acre lot and High-Density Income Potential provide a clear path to forced appreciation. This Value-Add Asset is strategically located near major transit, ensuring long-term rental demand. This acquisition is ideal for Buy-and-Hold Investors or Multifamily Developers focused on modernizing aging infrastructure to maximize ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 201 S Vernon Subject | $1,799,000* List Price | 0 | 0 | 4,848 | $340 | - |
A 217 S Vernon Active | $1,799,000 List Price | 0 | 0 | 4,717 | $381 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 (60 years old) with no evidence of recent renovations, this property is marketed as a 'value-add' opportunity, which typically indicates a need for significant rehab. Given the age and the 'value-add' status, the kitchens, bathrooms, and major systems (HVAC/Electric) likely require full modernization to meet current standards.
Featuring five units on a single lot, this property offers a diversified revenue stream and strong rental demand in a prime Azusa location.
The generous 0.38-acre lot provides significant space for potential value-add improvements, such as the addition of ADUs or enhanced tenant amenities to increase ROI.
Situated near major freeways, public transit, and local schools, the property ensures long-term desirability and low vacancy rates for commuters and families.
Built in 1964, the property may require immediate capital expenditures for system upgrades or deferred maintenance to meet modern tenant expectations.
With a list price of nearly $1.8 million, the entry-level cap rate may be tight, necessitating a strategic renovation plan to realize the projected value-add returns.
Prime multifamily investment opportunity in Azusa! 217 S Vernon Ave features a 5-unit apartment property on a large 0.38-acre lot with approximately 4,714 sq ft of living space. Built in 1964, the property offers strong income potential and value-add opportunity for investors. Conveniently located near shopping, schools, public transportation, and major freeways, making it attractive for tenants and long-term rental demand.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 4,848 | 1,269 | 98% |
| Lot Size | 17,781 | 6,191.5 | 94% |
| Price | $1.80M | $741.5K | 95% |
| Price per sq ft | $371 | $555 | 1% |
| Built year | 1964 | 1955 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 142 | 4% |
May 27, 2026
$1,799,000
Initial Listing
Jan 11, 2005
$665,000
Public Record