Four-Unit Multifamily Investment
602 Cedarglen Azusa, CA 91702
602 Cedarglen, Azusa, CA, 91702
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For Sale
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Four-unit multifamily property in Azusa, California, near educational institutions.
Property Size2,591 SF
Lot Size0.14 Acres
Price / SF$405.25
Days on Market56
Property Features for 602 Cedarglen
General Information
- Standard status
- Active
- Size
- 2,591 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multifamily
Listing Agency
Marcus & Millichap - Inland Empire
Listed by
Gisele Pinedo · License #CA 02188347
Source
Crexi
Added: May 23 Checked: Jul 16 at 3:11 am
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 Marcus & Millichap - Inland Empire
Investment Insights
Based on property information with market context.
Located at 602 Cedarglen Drive in Azusa, California, this four-unit multifamily investment property is situated on a corner lot within an established residential neighborhood. Constructed in 1963, the property features approximately 2,591 square feet of building area on a 0.14-acre MOD (Moderate Density Residential) zoned lot. The building comprises all one-bedroom/one-bathroom units, each averaging approximately 650 square feet. The property includes four tuck-under carport parking spaces for covered tenant parking. The property is separately metered for gas and electricity. Ownership currently pays for water, sewer, and trash services. The location provides convenient access to retail, dining, and transportation amenities. The property is near Azusa Pacific University and Citrus College. Residents also benefit from proximity to the Metro A Line (Gold Line), providing connectivity throughout the San Gabriel Valley and into Downtown Los Angeles. The property offers convenient access to the 210 Freeway, allowing tenants efficient access to surrounding employment hubs across Los Angeles County.
Key Highlights
- Prime location in Azusa near Azusa Pacific University and Citrus College.
- Convenient access to the Metro A Line (Gold Line) for easy transportation.
- Proximity to the 210 Freeway, providing efficient access to employment hubs.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.0k | $27.00 |
| − Vacancy | −$5.3k | −$2.05 |
| EGI | $64.6k | $24.95 |
| − OpEx | −$19.4k | −$7.48 |
| NOI | $45.2k | $17.46 |
2,591 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$646.4K
$565.6K – $754.1K
NOI $45,248 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$595.6K
$521.1K – $694.9K
NOI $41,691 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,105 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property in Azusa, California, near educational institutions.
Where is this quadplex located?
The property is located at 602 Cedarglen Azusa, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Prime location in Azusa near Azusa Pacific University and Citrus College.; Convenient access to the Metro A Line (Gold Line) for easy transportation.; Proximity to the 210 Freeway, providing efficient access to employment hubs.
