700 West 2nd Street

Azusa, CA 91702

$3,853,000
Price
18
Beds
18
Baths
10,220 Sq. Ft.
$377 / Sq. Ft.
10,220
Sq. Ft.
$377
per Sq. Ft.

Description

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...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!
  1. Listed by Jill Peterson • DRE #01942273 • Brokerage DRE #01064901 • RE/MAX MASTERS REALTY • 626-629-8727
  2. Listed by Mark Peterson • DRE #00886538 • Brokerage DRE #01064901 • RE/MAX MASTERS REALTY

Property Details for 700 West 2nd Street

View
Mountain(s)
Parking Spaces Total
17
Private Pool
No
Cooling Type
Central Forced Air
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
10220
LISTING UPDATED: 08/23/2024 12:00 AM

Property Details for 700 West 2nd Street

StatusActive
MLS #CV24173635
Days on Market93
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
Lot Size0.96 AC / 41,700 SF
CountyLos Angeles County

Building Information for 700 West 2nd Street

Stories2Residences-Year Built1987Building Size-Lot Size0.96 AC / 41,700 SF

Property Information for 700 West 2nd Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $241,500
  • Gross Scheduled Income: $241,500
  • Net Operating Income: $191,402
  • Number Of Rented Garages: 0
  • Laundry Income: $0
  • Cap Rate: 4.9
Expense Details
  • Operating Expense: $50,098
  • Gardener Expense: $7,920
  • Insurance Expense: $11,542
  • Maintenance Expense: $1,300
  • Professional Management Expense: $0
  • Other Expense: $23,576
  • Other Expense Description: prop tax
  • Trash Expense: $5,760
  • Total Expenses: $50,098
Tax / Assessment Info
  • Tax Tract Number: 13736
  • Tax Census Tract: 4044.02
  • CFD/Mello-Roos Fee: $2,240
  • Tax Lot: 55
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Vinyl, Wood
  • Fencing: Block, Vinyl, Wood
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Landscaped, Sprinklers In Front, Sprinklers In Rear
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 12
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 12
  • Carport Spaces: 0
  • Parking Features: Assigned, Attached Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,035
  • Unit Type Total Rent: $3,035
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3950
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,780
  • Unit Type Total Rent: $3,780
  • Unit Type Pro Forma: 3950
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,865
  • Unit Type Total Rent: $2,865
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,695
  • Unit Type Total Rent: $2,695
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,800
  • Unit Type Total Rent: $3,800
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number With Dishwasher: 5
  • Number With Range: 6
  • Number With Refrigerator: 5
  • Number With Carpet: 6
  • Number With Disposal: 5
  • Number With Patio: 6

Property History for 700 West 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 700 West 2nd Street

Taxable ValueLand$1,282,747Additions$582,963Total$1,865,710
Tax Record2024$24,226 ($2,019 / month)
Home Facts
Total Finished SqFt10,220 SqFtAbove Grade Finished SqFt10,220 SqFtLot Size41,690 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningAZR1C*CountyLOS ANGELESAPN8615-015-037

Schools near 700 West 2nd Street

This home is within Azusa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mountain View Elementary School
PublicK to 5

Slauson Intermediate School
Public7 to 8

Sierra High School
Public9 to 12

Gladstone Middle School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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700 West 2nd Street is a multi-family home for sale in Azusa, CA 91702. This property was listed for sale on August 22, 2024 by RE/MAX MASTERS REALTY, it's currently listed at $3,853,000. This listing's school district is Azusa Unified School District. Nearby schools include Mountain View Elementary School, Slauson Intermediate School and Sierra High School. 700 West 2nd Street is a 18-bed, 18-bath, 10,220 sqft multi-family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX MASTERS REALTY, Jill Peterson, DRE #01942273; RE/MAX MASTERS REALTY, Mark Peterson, DRE #00886538

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.