700 W 2nd St - Apartments FOR SALE


Azusa, CA 91702
$3,500,000 USD
909-445-8100
700 W 2nd St, Azusa, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/5
null | 5.49% Cap Rate

700 W 2nd St
Azusa, CA 91702


HIGHLIGHTS

  • Six-Unit Residential Income Property Maintained With Pride of Ownership.
  • Configuration Includes Four Two-Story Homes and Two Single-Story Homes.
  • Recent Upgrades Such as New Roofs and Remodeled Bathrooms Add Value.
  • Expansive Lot Allows for RV Parking, Storage, or Future ADU Development.
  • Located Near Major Freeways With Quick Access to Los Angeles and Regional Landmarks.
  • Close to Azusa Pacific University and Citrus College, Enhancing Rental Demand.

OVERVIEW

Welcome to 700 W 2nd St in Azusa—a truly rare and exciting investment opportunity, offered for the first time since 1987. This one-of-a-kind property features six well-appointed residences, each offering 3 bedrooms and 2.5 bathrooms, thoughtfully arranged on a private street for added privacy and charm. The community includes four spacious two-story homes and two desirable single-story homes, all meticulously maintained and showcasing pride of ownership throughout. Recent improvements add even more value, including new roofs on two of the homes and beautifully remodeled upstairs bathrooms in home #6, blending modern updates with the property’s already well-kept condition. Situated on an expansive lot, the property presents incredible upside potential with opportunities to subdivide, expand, or enhance income streams. There’s ample room for RV parking, additional storage, or the possible addition of an ADU, making it an ideal option for investors looking to maximize returns. Tenants enjoy a highly convenient central location with easy access to major freeways and are just a short drive from Downtown Los Angeles, Dodger Stadium, SoFi Stadium, Disneyland, and more. The property is also near Azusa Pacific University and neighboring Glendora, home to Citrus College, further enhancing its long-term rental appeal. Whether you’re seeking a strong income-producing asset or a versatile multi-generational living setup, this property offers endless possibilities. Opportunities like this are few and far between—don’t miss your chance to own a standout asset in the heart of Azusa.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

6

PRICE/UNIT

$583,333

CAP RATE

5.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,181 SF

ZONING

AZR1C*

APN/PARCEL ID

8615-015-037

ASK ABOUT THIS PROPERTY

909-445-8100

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909-445-8100

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