Bought with Kristopher German • RE/MAX 2000 REALTY
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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 2,117 sqft
Price per Sqft $401
MLS Listing ID CRCV24027719
Sold Date 03/29/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1947
Lot Size 0.326 Acres
Property Description
We are pleased to exclusively offer for sale an exceptional investment opportunity in the city of Azusa featuring two detached, single-story cottages, each boasting a 3-Bed/1-Bath layout. This unique property sits on a substantial 14,212 square foot lot, providing a generous 2,117 square feet of rental space. Notably, the rear house was constructed in 1990, adding modernity and style to the investment. Each cottage offers tenants desirable amenities including; private front and rear yards, private laundry hookups, attached garage parking and central A/C & Heat. Tenants are responsible for all utilities, excluding water. This setup minimizes the owner's monthly expenses, enhancing the property's profitability. The investment offers a 35% upside in rental income for a savvy investor familiar with the repositioning of tenancy. This potential for increased revenue makes it an attractive option for investors looking to capitalize on market dynamics and optimize their returns. Both units are tenant occupied and the property will be delivered with the tenants in place.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other, Inside
Building
Water Public
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