724 N Soldano Ave Azusa, CA 91702

Agent Remarks: We are pleased to present a four (4) unit apartment building located at 724 N Soldano Avenue in Azusa, California. The subject property is positioned in a developing Azusa location, north of West Historic Route 66, and west of Azusa Avenue. Built in 1965, this property contains a great unit mix of three (3) two bedroom / one bathroom units and one (1) three bedroom / one bathroom unit. The building is on a quiet sunny street less than a mile away from the Azusa Pacific University West Campus. The large log hosts the fourplex, a detached carport with the potential to convert into an ADU, a large parking area on the surface and tucked under the building, and a raw landscape backyard with endless possibilities. One (1) unit is extensively renovated with new floors, windows, ceiling fans, cabinets, kitchen, and bathroom. Residents will enjoy having dominant access to new development retail and restaurant amenities across West Historic Route 66. Just down the street residents will find Aloha Sushi & Teriyaki Roll, Azucanela Coffee, New Fusion Dim Sum and BBQ, Super Tom's Burgers, and the Azusa Square Shopping Center. Outdoor recreation is also less than a mile away on both the east and west with large soccer fields, softball fields, and Veterans Freedom Park. Situated in a developing Azusa location, this offering presents an excellent opportunity for an any investor to capitalize on a good initial cap rate with rental upside free from rent control on a 30-year fixed residential loan.

Continue Reading