3-Unit Triplex with Separate Utility
New
For Sale
$1,348,000
232 S Azusa, Azusa, CA 91702
Azusa, CA
Property Size2,475 SF
Lot Size0.18 Acres
Price / SF$544.65
Days on Market2
Property Features for 232 S Azusa
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 4, Laundry Room
Parking
4
Lot features
Lot 6500-9999
Directions
South of 210 Freeway
Subdivision
607 - Azusa
Standard status
Active
APN
8613026003
Lot size
0.18 Acres
Utilities
Heating system
Central, Ductless (Heating)
Cooling system
Ductless, Central Air
Water source
Public
Amenities
air conditioning
in-unit washer/dryer hookups
landscaped lawn areas
fenced patios
covered outdoor space
Building Details
Year built
1957
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Listing Agency:
SOUTHLAND PROPERTIES
(626) 914-6999
Listed By:
Arthur Vasquez Jr · License #01858825
(626) 733-6296
Added: Oct 9
Last Checked: Oct 10 at 5:06AM
MLS# CV26219667
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Azusa triplex comprises three residences with approximately 2,475 square feet of combined living space: a 3-bedroom, 2-bath main residence of approximately 1,109 square feet, a 2-bedroom, 1-bath residence of approximately 896 square feet, and a 1-bedroom, 1-bath ADU of approximately 470 square feet. The homes were extensively renovated, with new plumbing, electrical, insulation, windows, roofing, and drywall. Updated kitchens and bathrooms, recessed lighting, and LVP flooring are among the interior finishes. Each residence has air conditioning, in-unit washer/dryer hookups, and separate gas, water, and electric meters.
The 0.178-acre property also includes dedicated parking for two residences, landscaped lawn areas, fenced patios, and covered outdoor space. Built in 1957, it is located at 232 S Azusa in Azusa, California.
The 0.178-acre property also includes dedicated parking for two residences, landscaped lawn areas, fenced patios, and covered outdoor space. Built in 1957, it is located at 232 S Azusa in Azusa, California.
Key Highlights
- Three residences totaling approximately 2,475 square feet
- Unit mix: 3‑bedroom/2‑bath, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath ADU
- Separate gas, water, and electric meters for each residence
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.
Property Analytics
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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 - Three residences offer a varied bedroom mix, individual utility metering, and dedicated parking for two units.
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; Unit mix: 3‑bedroom/2‑bath, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath ADU; Separate gas, water, and electric meters for each residence
