433 E Arrow Hwy, Azusa, CA 91702
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433 E Arrow Hwy Azusa, CA 91702

$1,370,000 Sold Price as of 05/10/2022
  • -- Beds
  • -- Baths
  • 5,334 Sq.Ft.
Sold
$1,370,000 Sold Price as of 05/10/2022 Refinance Your Mortgage

Map preview of 433 E Arrow Hwy, Azusa, CA 91702

Property Overview: 433 E Arrow Hwy Azusa, CA has -- bedrooms, -- bathrooms, 5,334 living square feet and 22,396 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent LOW RISK Triple Net investment. Current tenant, Discount Tire Centers, has leased property since December 2000. Current lease is $5,980.00 per month, continuing to March 31, 2029. Tenant has option to extend the term of the Lease for a period of five (5) years after current term expires with a Base Rent increase of 15% to $6,877.00. Tenant has never defaulted on rent payments and has kept the property is excellent condition. Tenant does have right of first refusal to purchase.

Listed by David Sarazen | BRE #01116886 | David Sarazen
Last checked: 3 minutes ago | Last updated: May 11th, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
22,396
HOA Dues
$0/mo
Year built
1970
Garage
--
Property Type:
Retail
Status
Sold
MLS#
SB22051689
City
Azusa
County
Los Angeles
Time on Site
919 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $71,760
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 433 E Arrow Hwy

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 8621008049
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Arrow Highway and S. Azuza
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Sale History for 433 E Arrow Hwy

Last sold for $1,370,000 on May 10th, 2022
  • May, 2022

  • May 10, 2022

    Date

    Sold

    CRMLS: SB22051689

    $1,370,000

    Price

  • Mar 15, 2022

    Date

    Active

    CRMLS: SB22051689

    $1,495,000

    Price

  • December, 2000

  • Dec 29, 2000

    Date

    Sold (Public Records)

    Public Records

    $660,000

    Price

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Tax History for 433 E Arrow Hwy

Assessed Value (2020): $909,350
Year Land Value Improved Value Assessed Value
2020 $551,123 $358,227 $909,350

Home Value Compared to the Market

This property vs the competition

433 E Arrow Hwy sold on May 10, 2022 for 109.82% 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 $280.28 per/sqft which puts the price per square foot 41.85% lower than the current median sale per square foot for the city of Azusa.

About 433 E Arrow Hwy

Detailed summary of property

433 E Arrow Hwy is a retail that recently sold in Azusa, CA 91702. This retail property offered -- bedrooms, -- bathrooms, roughly 5,334 living square feet, and sits on an approximately 22,396 square foot lot. 433 E Arrow Hwy was first listed on ArdentRealEstateGroup.com on March 15, 2022. The homeowner sold the property for $1,370,000. 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 109.82% higher than the current median priced home. Local homes that are currently for sale include 17635 Arrow Blvd, 1232 W Base Line St and 25362 3rd St. While the average home in Azusa, CA is selling in 46 days, 433 E Arrow Hwy has a days on market of 6 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 433 E Arrow Hwy Azusa, CA 91702 contact Ardent Real Estate Group and we will put you in touch with one of our Azusa agents.

Public Facts for 433 E Arrow Hwy

Public county record property details
Beds
--
Baths
--
Year built
1970
Sq. Ft.
5,334
Lot Size
22,395
Stories
1
Type
Auto Repair (& Related), Garage
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
8621-008-049

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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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.