Duplex with Detached 4-Car
For Sale
$899,800
Pending
1012 N Vernon Avenue, Azusa, CA 91702
Two-unit duplex with two bedrooms and two bathrooms in each unit, plus a detached 4-car garage for parking and storage.
Property Size1,976 SF
Days on Market70
Property Features for 1012 N Vernon Avenue
General Information
Standard status
Pending
Size
1,976 SF
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1989
Tenancy
Multi
Listing Agency:
JOHNHART CORP
(818) 246-1099
Listed By:
Jesus Pina · License #01722627
(626) 488-9887
Source:
Exitrealty
Added: Jun 30
Changed: Aug 8
Last Checked: Jul 25 at 5:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOHNHART CORP
Investment Insights
Based on property information with market context.
This well-maintained duplex features two separate units, each offering a 2-bedroom, 2-bathroom layout. The floor plans are designed to provide spacious living areas and comfortable, functional configurations.
The property includes a detached 4-car garage, providing on-site parking and storage. It is positioned for everyday convenience with nearby shopping, dining, schools, parks, public transportation, and access to major freeways.
Ideal for a range of buyers, the duplex can support rental income from one unit while allowing an owner to occupy the other.
The property includes a detached 4-car garage, providing on-site parking and storage. It is positioned for everyday convenience with nearby shopping, dining, schools, parks, public transportation, and access to major freeways.
Ideal for a range of buyers, the duplex can support rental income from one unit while allowing an owner to occupy the other.
Key Highlights
- 1989 duplex with two separate units in the City of Azusa
- Each unit offers 2 bedrooms and 2 bathrooms
- Approximately 988 SF of living space per unit (per public remarks)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,508
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$690,160
$690.2K
Cap Rate 7%
$492,971
$493.0K
Cap Rate 9%
$383,422
$383.4K
Market Conditions
NOI Build-Up for 1,976 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.4K $27.00/SF
− Vacancy
−$4.1K −$2.05/SF
EGI
$49.3K $24.95/SF
− OpEx
−$14.8K −$7.48/SF
NOI
$34.5K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$690,160
Cap Rate 7%
$492,971
Cap Rate 9%
$383,422
Alternative Uses
Best Use
Multifamily LT 5
$493.0K
$431.4K – $575.1K
NOI $34,508 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$454.2K
$397.4K – $529.9K
NOI $31,795 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.06M
$925.7K – $1.23M
NOI $74,056 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 91702, CA
62,328
Population
18,218
Households
3.4
Avg Household Size
34
Median Age
24%
College-Educated
78%
High-School Grad
65.0 sq mi
ZIP Area
959
Density / Sq Mi
$87,577
Median Household Income
$35,714
Median Earnings
$1,847
Median Rent
$604,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with two bedrooms and two bathrooms in each unit, plus a detached 4-car garage for parking and storage.
Where is this duplex located?
The property is located at 1012 N Vernon Avenue Azusa, CA.
What is the asking price?
The asking price for this property is $899,800.
What are key features of this property?
This property features: 1989 duplex with two separate units in the City of Azusa; Each unit offers 2 bedrooms and 2 bathrooms; Approximately 988 SF of living space per unit (per public remarks)
