New Residential Income
New
For Sale
$279,900
600 W Gladstone Street 22, Azusa, CA 91702
Newly built manufactured home with upgraded kitchen finishes, durable flooring, and a seven-year warranty.
Property Size960 SF
Price / SF$291.56
Days on Market2
Property Features for 600 W Gladstone Street 22
General Information
Standard status
Active
Size
960 SF
Property subtype
Manufactured In Park
Units
Unit Mix
3BR/2BA
Multifamily Units
1
Building Details
Year Built
2026
Listing Agency:
Samuel Su, Broker
Listed By:
Samuel Su
(714) 890-1883
Source:
Realtyrightchoice
Added: Sep 6
Last Checked: Sep 6 at 2:50PM
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 Samuel Su, Broker
Investment Insights
Based on property information with market context.
This newly built 2026 Skyline home offers 3 bedrooms and 2 bathrooms within approximately 960 square feet of living area. The interior includes 9-foot ceilings, water-resistant flooring, and ceiling fans in the living room and each bedroom. The kitchen is equipped with a stainless steel refrigerator, dishwasher, chef range hood, farmhouse sink with gooseneck faucet, quartz countertops, and a full-height tile backsplash. Hardwood shaker cabinetry with crown molding adds detailed storage and finish work throughout the kitchen. The home also includes a 7-year warranty and is identified as Unit 22 at 600 W Gladstone Street in Azusa, California.
Key Highlights
- 2026 Skyline home with 3 bedrooms and 2 bathrooms
- Approximately 960 square feet of living area
- Kitchen with quartz countertops, full‑height tile backsplash, and stainless steel appliances
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
$15,447
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
5.52%
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%
$308,940
$308.9K
Cap Rate 7%
$220,671
$220.7K
Cap Rate 9%
$171,633
$171.6K
Market Conditions
NOI Build-Up for 960 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
$30.5K $31.80/SF
− Vacancy
−$2.4K −$2.54/SF
EGI
$28.1K $29.26/SF
− OpEx
−$12.6K −$13.17/SF
NOI
$15.4K $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 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%
$308,940
Cap Rate 7%
$220,671
Cap Rate 9%
$171,633
Alternative Uses
Best Use
Apartment 5plus
$220.7K
$193.1K – $257.5K
NOI $15,447 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.0K
$449.7K – $599.7K
NOI $35,979 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Newly built manufactured home with upgraded kitchen finishes, durable flooring, and a seven-year warranty.
Where is this residential income property located?
The property is located at 600 W Gladstone Street 22 Azusa, CA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2026 Skyline home with 3 bedrooms and 2 bathrooms; Approximately 960 square feet of living area; Kitchen with quartz countertops, full‑height tile backsplash, and stainless steel appliances
