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218 S Virginia Ave, Azusa, CA 91702
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218 S Virginia Ave Azusa, CA 91702

$1,800,000 Sold Price as of 01/18/2022
  • 11 Beds
  • 5.5 Baths
  • 4,598 Sq.Ft.
Sold
$1,800,000 Sold Price as of 01/18/2022 Refinance Your Mortgage
Map preview of 218 S Virginia Ave, Azusa, CA 91702

Property Overview: 218 S Virginia Ave Azusa, CA has 11 bedrooms, 5.5 bathrooms, 4,598 living square feet and 17,402 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic Opportunity to own Two Residential Parcels in the Heart of Azusa. Both Parcels are being sold together due to shared driveway easement. The properties can be sold under two purchase agreements and two escrows to facilitate Residential Financing. The Portfolio consist of five detached Single Family Homes with a total bldg. size of approx. 4,598 Square Feet and approx. 17,402 Square Feet on AZR1C* Zoned lots. All units have been meticulously maintain and demonstrate great pride of ownership. The Front Lot has a 3 bedroom/ 1.5 bath 1,142 SF house with front yard and two car attached garage with a lot size of 5,787 SF. The house has spacious living room, dining area, kitchen with Laminate Flooring through out, Inside Laundry, and Dual Pane Windows. The Second Rear Lot has 4 additional 2 bedroom/ 1 bath homes approx. 864 SF each. with a combined lot size of 11,615 SF. All units have Laminate flooring, dual pane windows, indoor laundry, and upgraded kitchens and baths with their own attached garages. 2 units have 2-car garages and the other two units have 1-car garages. Each of the rear units have their own front and side yards. All Units are currently rented and all rents are current. All tenants are on month-to-month agreements and the rents are low. FANTASTIC UPSIDE POTENTIAL. PROPERTY HIGHLIGHTS • Great Rental Neighborhood for the City of Azusa • Convenient Freeway Access - 210 Freeway • Plenty of Parking - Enclosed Garages for Each Unit.

Listed by FERNANDO REZA | BRE #01451616 | KELLER WILLIAMS COVINA
Last checked: 12 minutes ago | Last updated: April 2nd, 2024 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
17,402
HOA Dues
$0/mo
Year built
1960
Garage
8 Car
Property Type:
Single Family Home
Status
Sold
MLS#
CV21227089
City
Azusa
County
Los Angeles
Time on Site
1065 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 5
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,680
  • Total Rent: $1,680
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.46%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $94,560
  • Net Operating Income: $75,731
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $18,828
  • Trash: $0
  • Gardener: $1,440
  • Insurance: $2,350
  • Professional Management: $0
  • Water/Sewer: $1,296

Virtual Tour

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Property Details for 218 S Virginia Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Kitchen, Living Room
Room Information
  • Flooring: Laminate
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Front Yard, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 8614002038
  • Year Built Source: Assessor
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: Near 1st Street and Vernon
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Azusa Agent

Sale History for 218 S Virginia Ave

Last leased for $1,800 on March 2nd, 2022

  • April, 2024

  • Apr 2, 2024

    Date

    Canceled

    CRMLS: CV24043580

    $1,800

    Price

  • Mar 3, 2024

    Date

    Active

    CRMLS: CV24043580

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    Quaint 2 bedroom, 1 full bathroom single story unit in nice Azusa neighborhood. Property comes with a 2-car garage and laundry hook-ups, and an enclosed front yard perfect for small children. Kitchen is spacious and has an abundance of natural light. Living room has wall furnace; bedrooms have an A/C wall unit to keep you cool in the Summer. Located near shopping and 210 freeway. Landlord only pays water, tenants responsible for all other utilities.

  • February, 2022

  • Feb 17, 2022

    Date

    Active

    CRMLS: CV22027926

    $1,750

    Price

  • Listing provided courtesy of CRMLS

    Quaint 2 bedroom, 1 full bathroom single story unit in nice Azusa neighborhood. Property comes with a 2-car garage and laundry hook-ups, and an enclosed front yard perfect for small children. Kitchen is spacious and has an abundance of natural light. Living room has wall furnace; bedrooms have an A/C wall unit to keep you cool in the Summer. Located near shopping and 210 freeway. Landlord only pays water, tenants responsible for all other utilities.

  • November, 2021

  • Nov 17, 2021

    Date

    Price Change

    CRMLS: CV21227089

    $1,799,000

    Price

  • Nov 16, 2021

    Date

    Active

    CRMLS: CV21227089

    $1,699,000

    Price

  • Nov 1, 2021

    Date

    Hold

    CRMLS: CV21227089

    $1,699,000

    Price

  • December, 2002

  • Dec 2, 2002

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 218 S Virginia Ave

Assessed Value (2020): $529,714
Year Land Value Improved Value Assessed Value
2020 $198,640 $331,074 $529,714

Home Value Compared to the Market

This property vs the competition

218 S Virginia Ave sold on January 18, 2022 for 152.49% higher than the current median sold price for the city of Azusa which is $712,500. The median sold price per/sqft for Azusa is $482 and this home is sold at $391.26 per/sqft which puts the price per square foot 18.83% lower than the current median sale per square foot for the city of Azusa.

About 218 S Virginia Ave

Detailed summary of property

218 S Virginia Ave is a single family home that recently sold in Azusa, CA 91702. This house offered 11 bedrooms, 5.5 bathrooms, roughly 4,598 living square feet, and sits on an approximately 17,402 square foot lot. 218 S Virginia Ave was first listed on ArdentRealEstateGroup.com on October 20, 2021. The homeowner sold the property for $1,800,000. Home in Azusa are selling for a median price of $712,500 and a median price per square foot of $482. Based on Ardent Real Estate Group's Azusa Market Data, this home is sold 152.49% higher than the current median priced home. Local homes that are currently for sale include 847 E Sierra Madre Ave, 1102 E Foothill Blvd and 1704 Pass And Covina Rd. While the average home in Azusa, CA is selling in 46 days, 218 S Virginia Ave has a days on market of 15 days. There are currently 76 homes for sale in the Azusa real estate market and 47 of them are single family homes while 21 of them are condos and 8 are townhomes. For more information on this home for sale at 218 S Virginia Ave Azusa, CA 91702 contact Ardent Real Estate Group and we will put you in touch with one of our Azusa agents.

Public Facts for 218 S Virginia Ave

Public county record property details
Beds
8
Baths
4
Year built
1964
Sq. Ft.
3,456
Lot Size
11,615
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
114
APN
8614-002-038

The source for these homes facts are from public records.

91702 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,000
Median List Price/Sq.Ft.
$487
Median Sold Price
$712,500
Median Sold Price/Sq.Ft.
$482
Total Inventory
75
Median Sale to List Price %
101.79%
Avg Days on Market
15
Loan Type
Conventional (51.72%), FHA (17.24%), VA (3.45%), Cash (6.9%), Other (20.69%)

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Recently Sold Homes Near 218 S Virginia Ave

154 S Virginia Ave, Azusa, CA 91702
$575,000 Last Sold Price
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1 Baths
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154 S Virginia Ave
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221 S Virginia Ave, Azusa, CA 91702
$670,000 Last Sold Price
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221 S Virginia Ave
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256 S Aspan Ave, Azusa, CA 91702
$850,000 Last Sold Price
5 Beds
3 Baths
2421 Sq.Ft.
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236 S Aspan Ave, Azusa, CA 91702
$735,000 Last Sold Price
4 Beds
2 Baths
2385 Sq.Ft.
236 S Aspan Ave
Azusa, CA 91702

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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