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Sold for $930,000 on Jun 11, 2019
Great investment opportunity with tremendous upside potential on future rent increase. 3372 sf. Triplex on a 9000 sf lot, built in 1981 at the edge of beautiful N. Azusa. Spacious units, all are 2 bed and 2 bath. Two of the units are one story ground level. Unit 1 faces the street & rents for $1650 per month, since August 2017. Unit 1 has new wood floors, dishwasher and stove. Both baths were redone appx 5 yrs ago. Unit 2 shares one wall w/ unit 1 & rents for $1550, they are a long time section 8 tenant, since May 2008. Unit 2 is mostly original condition. Unit 3 sits above the 5 one car garages & has a private balcony facing the common lawn area w/ fruit trees. It rents for $1600 since Oct 2011. Unit 3 has upgraded bathrooms appx. 5 yrs ago. Each home has a one car detached garage. 2 additional garages are used by the owner & or long time renter that is off premises and pays $125 per month since 1991. The two ground level units have their own private fenced patio areas. All units if updated should easily command $1900 per month as they are appx. 1125 sf each. All units have newer central air and heat along w/ interior laundry hook ups. The 2 extra garages should rent for roughly $150 to $250 per month each. Interior inspection upon acceptance of an offer. All units have individual electric & gas meters. Composition shingle roof. The landlord pays the water bill. Walk to Canyon Park at Sierra Madre and San Gabriel Rd. or to the Target store to the south.