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$1,050,000
Est. payment /mo
4 Beds
4 Baths
6,012 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26112521
Bedrooms 4
Lot Size 6,012 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present the opportunity to acquire a four-unit multifamily investment property located at 602 Cedarglen Drive in Azusa, California. Situated on a corner lot within an established residential neighborhood, the property offers investors the opportunity to acquire a well-located apartment asset in the San Gabriel Valley with strong underlying rental demand and proximity to major educational and employment drivers. Built in 1963, the property consists of approximately 2,591 square feet of building area situated on a 0.14-acre MOD (Moderate Density Residential) zoned lot. The property is comprised of one building featuring an all one-bedroom / one-bathroom unit mix averaging approximately 650 square feet. Additional property features include four tuckunder carport parking spaces that provide covered tenant parking. The property is separately metered for gas and electricity, while ownership currently pays for water, sewer, and trash services. The property benefits from a desirable Azusa location with convenient access to surrounding retail, dining, and transportation amenities. The asset is located near Azusa Pacific University and Citrus College, two major educational institutions that contribute to consistent rental demand within the area. Residents also benefit from proximity to the Metro A Line (Gold Line), providing connectivity throughout the San Gabriel Valley and into Downtown Los Angeles. Additionally, the property offers convenient access to the 210 Freeway, allowing tenants efficient access to surrounding employment hubs across Los Angeles County and
Location
State CA
County Los Angeles
Zoning Public Rec
Direction on N Rockvale Avenue, turn on 6th street and it is on the North East corner of 6th street and Cedarglen Drive.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 8612001031
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Listed by Gisele Pinedo, DRE#02188347 MARCUS & MILLICHAP