Renovated Three-Unit
New
For Sale
$1,348,000
232 S Azusa, Azusa, CA 91702
Separate gas, water, and electric meters serve all three residences, each with air conditioning and laundry hookups.
Property Size2,475 SF
Price / SF$544.65
Days on Market6
Property Features for 232 S Azusa
General Information
Standard status
Active
Size
2,475 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Amenities
air conditioning
in-unit washer/dryer hookups
landscaped lawn areas
fenced patios
covered outdoor space
Building Details
Building Size
2,475 SF
Year Built
1957
Listing Agency:
SOUTHLAND PROPERTIES
Listed By:
Arthur Vasquez Jr · License #01858825
(626) 733-6296
Source:
Archetyperealty
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 1:00AM
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 SOUTHLAND PROPERTIES
Investment Insights
Based on property information with market context.
This three-residence property combines a 3-bedroom, 2-bath main home of approximately 1,109 square feet with a 2-bedroom, 1-bath residence of approximately 896 square feet and a 1-bedroom, 1-bath ADU of approximately 470 square feet. Together, the homes provide approximately 2,475 square feet. Renovations extended to plumbing, electrical, insulation, windows, roofing, and drywall. Updated kitchens and bathrooms, recessed lighting, and LVP flooring are present throughout. Each residence has air conditioning, in-unit washer/dryer hookups, and separate meters for gas, water, and electricity.
Dedicated parking serves two residences. The property also includes landscaped lawn areas, fenced patios, and covered outdoor space.
Dedicated parking serves two residences. The property also includes landscaped lawn areas, fenced patios, and covered outdoor space.
Key Highlights
- Three residences totaling approximately 2,475 square feet
- Main home: 3 bedrooms, 2 baths, approximately 1,109 square feet
- Second residence: 2 bedrooms, 1 bath, approximately 896 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,222
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,440
$864.4K
Cap Rate 7%
$617,457
$617.5K
Cap Rate 9%
$480,244
$480.2K
Market Conditions
NOI Build-Up for 2,475 SF
Gross rent
$66.8K $27.00/SF
− Vacancy
−$5.1K −$2.05/SF
EGI
$61.7K $24.95/SF
− OpEx
−$18.5K −$7.48/SF
NOI
$43.2K $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 Rate 5%
$864,440
Cap Rate 7%
$617,457
Cap Rate 9%
$480,244
Alternative Uses
Best Use
Multifamily LT 5
$617.5K
$540.3K – $720.4K
NOI $43,222 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$568.9K
$497.8K – $663.8K
NOI $39,825 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,757 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Separate gas, water, and electric meters serve all three residences, each with air conditioning and laundry hookups.
Where is this triplex located?
The property is located at 232 S Azusa Azusa, CA.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: Three residences totaling approximately 2,475 square feet; Main home: 3 bedrooms, 2 baths, approximately 1,109 square feet; Second residence: 2 bedrooms, 1 bath, approximately 896 square feet
