735 E Hanks Street, Azusa, California 91702, Azusa, 91702 - 5 bed, 2 bath
ACTIVE$800,000
735 E Hanks Street, Azusa, California 91702
5Beds
2Baths
1,360Sqft
6,042Lot
Year Built
1956
Close
-
List price
$800K
Original List price
$995K
Price/Sqft
$588
HOA
-
Days on market
-
Sold On
-
MLS number
SR24246433
Home ConditionFair
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 44% below the list price. We found 3 Cons,5 Pros. Rank: price - $800.0K(66th), sqft - 1360(50th), beds - 5(93th), baths - 2(50th).
This 5-bedroom, 2-bathroom home is located on a quiet street in Azusa, presenting a great opportunity for both new and established Residential Care Facility for the Elderly (RCFE) operators. The property is fully approved and compliant with California Department of Social Services standards and regulations. Please note: the business and property must be sold together (SR24246448). Do not disturb the occupants.
Condition Rating
Fair
Built in 1956, this property is aged and shows signs of being outdated, particularly in the living areas with older flooring and a window AC unit. While the description notes it's compliant for RCFE operations, implying a level of maintenance, the property analysis explicitly states 'Older Construction & Potential for Updates' and suggests it 'may require significant capital investment for modernization, deferred maintenance, or accessibility upgrades.' The available images support a dated aesthetic, indicating that minor to moderate updates would be required to bring it to modern residential standards, especially in key areas like the kitchen and bathrooms (which are not pictured but likely align with the visible dated elements).
Pros & Cons
Pros
RCFE Approved & Compliant: The property is fully approved and compliant with California Department of Social Services standards and regulations, making it a turn-key opportunity for Residential Care Facility for the Elderly (RCFE) operators.
High Bedroom Count: With 5 bedrooms, the home offers significant capacity, which is highly beneficial for an RCFE operation or a large family.
Quiet Street Location: Located on a quiet street, providing a peaceful and desirable environment suitable for both residential living and an RCFE.
Niche Market Opportunity: Specifically caters to RCFE operators, presenting a unique investment opportunity in a specialized and regulated sector.
Good Lot Size: The 6,042 sqft lot offers ample outdoor space, which can be valuable for residents of an RCFE or for general residential enjoyment.
Cons
Significant Valuation Discrepancy: The current list price of $800,000 is substantially higher than the estimated property value of $441,390, indicating a potential overvaluation of the physical asset alone.
Mandatory Business & Property Sale: The requirement to sell the RCFE business and property together significantly narrows the buyer pool to only those interested in operating such a facility, excluding traditional residential buyers.
Older Construction & Potential for Updates: Built in 1956, the property may require significant capital investment for modernization, deferred maintenance, or accessibility upgrades beyond its current RCFE compliance to remain competitive or attractive.