217 S Vernon, Azusa, California 91702, Azusa, 91702 - 0 bed, 0 bath
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Azusa, California 91702
This 5-unit Strong Value Opportunity is listed at a List Price of $1,799,000—positioned well below the $1,917,522 Fair Market Value by 6%. This valuation gap provides $118,522 in Instant Equity. With a Condition Rating of 4, the property serves as a classic value-add asset requiring modernization to maximize rental yields. The 0.38-acre lot offers significant expansion potential, while the transit-oriented location ensures consistent demand. This is a strategic acquisition ideal for Buy-and-Hold Investors or Multifamily Developers seeking long-term cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 217 S Vernon Subject | $1,799,000* List Price | 0 | 0 | 4,717 | $407 | - |
A 201 S Vernon Active | $1,799,000 List Price | 0 | 0 | 4,848 | $371 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964 (60+ years old), the property is marketed as a 'value-add opportunity,' which typically indicates dated interiors and original systems. While the exterior appears functional and the units are likely habitable, the age and investment profile suggest that kitchens, bathrooms, and major systems require modernization to meet current market standards.
As a 5-unit multifamily property, this asset offers a robust foundation for consistent rental income and long-term cash flow within the Azusa market.
The oversized 0.38-acre lot (16,679 sqft) provides a rare value-add opportunity, offering potential for future expansion or enhanced outdoor amenities for tenants.
Proximity to major freeways and public transportation ensures high tenant demand and low vacancy rates, making it an attractive option for commuters.
Built in 1964, the property likely requires significant capital expenditure for modernization and system upgrades to achieve top-of-market rents.
The listing's sub-type as a 'Single Family Residence' despite being a 5-unit property may create complexities in securing traditional multifamily financing or during the appraisal process.
Prime Multifamily Investment opportunity in Azusa 217 S Vernon Ave Features a 5 unit apartment property on large lot 0.38 acre lot. The property offers strong income potential and vaalue-add opportunity for investors. Convential 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 | 4,717 | 1,269 | 96% |
| Lot Size | 16,679 | 6,191.5 | 94% |
| Price | $1.80M | $741.5K | 95% |
| Price per sq ft | $381 | $555 | 1% |
| Built year | 1964 | 1955 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 142 | 4% |
May 22, 2026
$1,799,000
Initial Listing
Oct 7, 2004
$750,000
Public Record