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218 S Virginia Avenue

Azusa, CA 91702
  • $1,799,000
  • STATUS: Active Under Contract
  • ON SITE: 87 Days
  • MLS #: CV21227089
Under Contract
UPDATED: 25 min ago
$1,799,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Ratings & Info

Listing Agent(s): Fernando Reza of Keller Williams Covina (626-966-3641)


Description

Fantastic Opportunity to own Two Residential Parcels in the Heart of Azusa. Both Parcels are being sold together due to shared driveway easement. The properties can be sold under two purchase agreements and two escrows to facilitate Residential Financing. The Portfolio consist of five detached Single Family Homes with a total bldg. size of approx. 4,598 Square Feet and approx. 17,402 Square Feet on AZR1C* Zoned lots. All units have been meticulously maintain and demonstrate great pride of ownership.The Front Lot has a 3 bedroom/ 1.5 bath 1,142 SF house with front yard and two car attached garage with a lot size of 5,787 SF. The house has spacious living room, dining area, kitchen with Laminate Flooring through out, Inside Laundry, and Dual Pane Windows.The Second Rear Lot has 4 additional 2 bedroom/ 1 bath homes approx. 864 SF each. with a combined lot size of 11,615 SF. All units have Laminate flooring, dual pane windows, indoor laundry, and upgraded kitchens and baths with their own attached garages. 2 units have 2-car garages and the other two units have 1-car garages. Each of the rear units have their own front and side yards. All Units are currently rented and all rents are current. All tenants are on month-to-month agreements and the rents are low. FANTASTIC UPSIDE POTENTIAL. PROPERTY HIGHLIGHTS Great Rental Neighborhood for the City of Azusa Convenient Freeway Access - 210 Freeway Plenty of Parking - Enclosed Garages for Each Unit.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T16:26:09.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/122602493
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218 S Virginia Avenue Azusa, CA 91702

  • Price: $1,799,000
  • Status: Active Under Contract
  • On Site: 87 Days
  • Updated: 25 min ago
  • MLS #: CV21227089
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1960
Built
Neighborhood:
607 - Azusa
County:
Los Angeles
Area:
607 - Azusa
Property Description
Fantastic Opportunity to own Two Residential Parcels in the Heart of Azusa. Both Parcels are being sold together due to shared driveway easement. The properties can be sold under two purchase agreements and two escrows to facilitate Residential Financing. The Portfolio consist of five detached Single Family Homes with a total bldg. size of approx. 4,598 Square Feet and approx. 17,402 Square Feet on AZR1C* Zoned lots. All units have been meticulously maintain and demonstrate great pride of ownership.The Front Lot has a 3 bedroom/ 1.5 bath 1,142 SF house with front yard and two car attached garage with a lot size of 5,787 SF. The house has spacious living room, dining area, kitchen with Laminate Flooring through out, Inside Laundry, and Dual Pane Windows.The Second Rear Lot has 4 additional 2 bedroom/ 1 bath homes approx. 864 SF each. with a combined lot size of 11,615 SF. All units have Laminate flooring, dual pane windows, indoor laundry, and upgraded kitchens and baths with their own attached garages. 2 units have 2-car garages and the other two units have 1-car garages. Each of the rear units have their own front and side yards. All Units are currently rented and all rents are current. All tenants are on month-to-month agreements and the rents are low. FANTASTIC UPSIDE POTENTIAL. PROPERTY HIGHLIGHTS Great Rental Neighborhood for the City of Azusa Convenient Freeway Access - 210 Freeway Plenty of Parking - Enclosed Garages for Each Unit.
Exterior Features

Lot Features Front YardNear Public Transit Number Of Separate Electric Meters 5 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Fireplace Features KitchenLiving Room Fireplace YN Yes Flooring Laminate Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Cap Rate 4.46 Common Interest None Community Features Suburban Contingency 1031 Exchange Seller Contingency. Contingent On Seller Finding Replacement Property. Garage YN Yes Gross Income 94560 Gross Scheduled Income 94560 Insurance Expense 2350 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 75731 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 18828 Pest Control Expense 1052 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 7880 Trash Expense 0 Water Sewer Expense 1296 Water Source Public Zoning Azr1c*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T16:26:09.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Fernando Reza of Keller Williams Covina (626-966-3641)