Five-Unit Apartment
For Sale
$1,600,000
201 S Vernon Ave, Azusa, CA 91702
Five-unit apartment property built in 1964, set on a 0.38-acre lot with 4,714 sq. ft. of living space.
Property Size4,848 SF
Lot Size0.38 Acres
Price / SF$330.03
Days on Market144
Property Features for 201 S Vernon Ave
General Information
Standard status
Active
Size
4,848 SF
Lot size
0.38 Acres
Additional Details
Highway Access
Yes
Multifamily Units
5
Building Details
Year Built
1964
Listing Agency:
TREC HOMES INC.
Listed By:
Roger Felix · License #01302635
(626) 840-5239
Source:
Myfabuloushome
Added: Jun 1
Changed: Oct 2
Last Checked: Oct 7 at 5:07PM
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 TREC HOMES INC.
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Investment Insights
Based on property information with market context.
This five-unit apartment building, built in 1964, is offered for sale on a 0.38-acre lot. The property contains approximately 4,714 sq. ft. of living space and provides a straightforward multifamily configuration for prospective owners.
Located at 201 S Vernon in Azusa, the building is positioned for tenant convenience, with shopping, schools, public transportation, and major freeways noted in the surrounding area.
The offering combines an established, smaller-scale apartment footprint with a clear unit count, making it suitable for buyers seeking to evaluate both current performance and future improvements.
Located at 201 S Vernon in Azusa, the building is positioned for tenant convenience, with shopping, schools, public transportation, and major freeways noted in the surrounding area.
The offering combines an established, smaller-scale apartment footprint with a clear unit count, making it suitable for buyers seeking to evaluate both current performance and future improvements.
Key Highlights
- 5‑unit apartment building at 217 S Vernon Ave in Azusa
- Built in 1964 with approximately 4,714 sq ft of living space
- Located on a 0.38‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,008
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,160
$1.6M
Cap Rate 7%
$1,114,400
$1.1M
Cap Rate 9%
$866,756
$866.8K
Market Conditions
NOI Build-Up for 4,848 SF
Gross rent
$154.2K $31.80/SF
− Vacancy
−$12.3K −$2.54/SF
EGI
$141.8K $29.26/SF
− OpEx
−$63.8K −$13.17/SF
NOI
$78.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,160
Cap Rate 7%
$1,114,400
Cap Rate 9%
$866,756
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$975.1K – $1.30M
NOI $78,008 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,692 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment property built in 1964, set on a 0.38-acre lot with 4,714 sq. ft. of living space.
Where is this apartment building located?
The property is located at 201 S Vernon Ave Azusa, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5‑unit apartment building at 217 S Vernon Ave in Azusa; Built in 1964 with approximately 4,714 sq ft of living space; Located on a 0.38‑acre lot
