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700 W 2nd Street, Azusa, California 91702, Azusa, 91702 - bed, bath

700 W 2nd Street, Azusa, California 91702 home-pic-0
ACTIVE UNDER CONTRACT$3,680,000
700 W 2nd Street, Azusa, California 91702
0Bed
0Bath
10,220Sqft
41,700Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Investment Opportunity: This property is a rare find, being on the market for the first time since 1987, indicating a unique and potentially high-value long-term investment.
Top Cons:
Age of Construction: Built in 1987, the properties may have original systems (e.g., HVAC, plumbing, electrical) that could require significant updates or replacements in the near future, despite being well-maintained.

Compared to the nearby listings

Price:$3.68M vs avg $752.5K (+$2,927,500)99%
Size:10,220 sqft vs avg 1,356 sqft99%
Price/sqft:$360 vs avg $5453%

More Insights

Built in 1987 (38 years old).
Condition: Despite being built in 1987, the property appears to have undergone an extensive and very recent interior renovation. The kitchens feature modern blue cabinetry, white countertops, new stainless steel appliances (including gas ranges and dishwashers), and recessed lighting. Bathrooms boast matching modern vanities, new fixtures, and clean surrounds. Throughout the living areas, there is new luxury vinyl plank (LVP) flooring, fresh white paint, and updated light fixtures, including modern ceiling fans and recessed lighting. Bedrooms have clean, new-looking carpets. The overall aesthetic is contemporary and pristine, indicating that all visible components are virtually new and meet current quality standards, with no apparent deferred maintenance.
Year Built
1987
Close
-
List price
$3.68M
Original List price
$3.85M
Price/Sqft
$360
HOA
-
Days on market
-
Sold On
-
MLS number
CV24173635
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Welcome to 700 W 2nd St, Azusa—a unique and rare investment opportunity on the market for the first time since 1987! This exceptional property features six charming homes, each offering 3 bedrooms and 2.5 baths. The layout includes four two-story homes and two single-story homes, all situated on a private street. Every home is incredibly well-maintained, reflecting pride of ownership and attention to detail. The expansive lot offers endless potential, including the possibility to subdivide or create additional income streams. There's ample space for RV storage or even the addition of an Accessory Dwelling Unit (ADU). Tenants benefit from the prime central location, just a short 25-minute drive to popular destinations like Downtown Los Angeles, Dodger Stadium, Sofi Stadium, Disneyland, and much more. Azusa is also home to Azusa Pacific University and borders the city of Glendora, which hosts Citrus Community College. Whether you're an investor looking for a lucrative opportunity or someone seeking a multi-generational living arrangement, this property is a must-see. Don’t miss out on the chance to own this versatile and promising estate in the heart of Azusa!

Condition Rating
Excellent
Despite being built in 1987, the property appears to have undergone an extensive and very recent interior renovation. The kitchens feature modern blue cabinetry, white countertops, new stainless steel appliances (including gas ranges and dishwashers), and recessed lighting. Bathrooms boast matching modern vanities, new fixtures, and clean surrounds. Throughout the living areas, there is new luxury vinyl plank (LVP) flooring, fresh white paint, and updated light fixtures, including modern ceiling fans and recessed lighting. Bedrooms have clean, new-looking carpets. The overall aesthetic is contemporary and pristine, indicating that all visible components are virtually new and meet current quality standards, with no apparent deferred maintenance.
Pros & Cons

Pros

Exceptional Investment Opportunity: This property is a rare find, being on the market for the first time since 1987, indicating a unique and potentially high-value long-term investment.
Significant Income Potential: Comprising six individual homes, each with 3 bedrooms and 2.5 baths, it offers substantial rental income streams or flexible multi-generational living arrangements.
Development & Expansion Potential: The expansive lot provides ample space for future development, including subdivision, additional income streams, RV storage, or the addition of Accessory Dwelling Units (ADUs).
Prime Central Location: Strategically located with a short 25-minute drive to major Southern California attractions (DTLA, Dodger Stadium, Disneyland) and close proximity to Azusa Pacific University and Citrus Community College, enhancing tenant appeal.
Well-Maintained Properties: All six homes are described as 'incredibly well-maintained,' reflecting pride of ownership and potentially reducing immediate repair or renovation costs for a new owner.

Cons

Age of Construction: Built in 1987, the properties may have original systems (e.g., HVAC, plumbing, electrical) that could require significant updates or replacements in the near future, despite being well-maintained.
High Management Overhead: Managing six separate residential units can be complex and time-consuming, potentially requiring professional property management or a dedicated owner, which adds to operational costs.
Limited Interior Modernization Details: While well-maintained, the description does not specify recent interior upgrades or modern finishes within each unit, which might be a factor for attracting premium tenants or for future resale value.

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