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735 E Arrow Hwy, Azusa, CA 91702
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735 E Arrow Hwy Azusa, CA 91702

$1,200,000 Sold Price as of 06/07/2019
  • -- Beds
  • -- Baths
  • 5,100 Sq.Ft.
Sold
$1,200,000 Sold Price as of 06/07/2019 Refinance Your Mortgage
Map preview of 735 E Arrow Hwy, Azusa, CA 91702

Property Overview: 735 E Arrow Hwy Azusa, CA has -- bedrooms, -- bathrooms, 5,100 living square feet and 19,798 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Perfect 1031 Exchange property with Prime Zoning - Almost 1/2 Acre lot, Prime 9 Unit Retail/Office Shopping Center in high traffic area of Azusa. This center has Two Free Standing Buildings but feels like it has 3 Buildings due to the Private Back 3 Unit Suite. Well established 100% leased long term tenants paying below market rents. Most leases are Month to Month & can be extended if requested. This is an Investor's Dream Property. The Property has a Proforma cap close to 5.81%. Actual Gross Annual Cash flow is approximately $74,000 & Proforma Gross Cash Flow around $91,800. Thus, if you kept the property the way it is now, you will make decent income. However, the property has great Development Potential due to its large lot & favorable Arrow Highway Corridor (CAH) Zoning. This zoning allows for a wide range of office & retail uses & potential Multi-Family Developments & Vehicle Related Services. All potential Buyers should contact the city to verify any & all uses. Finally, the Property is located on popular Arrow Highway at the southern end of the City of Azusa. It borders Covina to the south and is near the I-10, I-210 and 57. It also driving distance from Azusa Pacific University and Citrus College and great retailers like Lowes, AMC, Costco, and Skyzone. This is an amazing opportunity at a really good price -- It is hard to find a property that has so much potential!

Listed by Mike Vachani | BRE #01279002 | Provenio Realty and Investment
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
19,798
HOA Dues
$0/mo
Year built
1982
Garage
--
Property Type:
Retail
Status
Sold
MLS#
AR19078505
City
Azusa
County
Los Angeles
Time on Site
1521 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.81%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $91,800
  • Net Operating Income: $72,566
  • Gross Operating Income: --
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $19,234
  • Electric: $480
  • Trash: $1,200
  • Insurance: $1,500
  • Maintenance: $0
  • Professional Management: $0
  • Water/Sewer: $960
  • Other Expenses: $0

Property Details for 735 E Arrow Hwy

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 18
Lot Information
  • Lot Features: Level with Street, Level, Paved
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 8622024020
  • Year Built Source: Appraiser
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Available
Location / Neighborhood
Location Information
  • Directions: 210 Freeway, Exit Azuza Avenue, Go South, Turn East on Arrow, Property on left side 1/4 mile down
View more facts & features

Local Azusa Agent

Sale History for 735 E Arrow Hwy

Last sold for $1,200,000 on June 7th, 2019

  • July, 2019

  • Jul 10, 2019

    Date

    Sold

    CRMLS: AR19078505

    $1,200,000

    Price

  • Jun 3, 2019

    Date

    Pending

    CRMLS: AR19078505

    $1,249,888

    Price

  • Apr 8, 2019

    Date

    Active

    CRMLS: AR19078505

    $1,249,888

    Price

  • June, 2019

  • Jun 6, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

  • May, 2005

  • May 18, 2005

    Date

    Sold (Public Records)

    Public Records

    $885,000

    Price

Show More

Tax History for 735 E Arrow Hwy

Assessed Value (2020): $1,127,974
Year Land Value Improved Value Assessed Value
2020 $824,635 $303,339 $1,127,974

Home Value Compared to the Market

This property vs the competition

735 E Arrow Hwy sold on June 7, 2019 for 75.42% 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 $245.08 per/sqft which puts the price per square foot 49.15% lower than the current median sale per square foot for the city of Azusa.

About 735 E Arrow Hwy

Detailed summary of property

735 E Arrow Hwy is a retail that recently sold in Azusa, CA 91702. This retail property offered -- bedrooms, -- bathrooms, roughly 5,100 living square feet, and sits on an approximately 19,798 square foot lot. 735 E Arrow Hwy was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,200,000. 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 75.42% higher than the current median priced home. Local homes that are currently for sale include 17635 Arrow Blvd, 225 E Base Line St and 25362 3rd St. While the average home in Azusa, CA is selling in 46 days, 735 E Arrow Hwy has a days on market of 32 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 735 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 735 E Arrow Hwy

Public county record property details
Beds
--
Baths
--
Year built
1982
Sq. Ft.
3,412
Lot Size
19,797
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
8622-024-020

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%)

Thinking of Selling?

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Recently Sold Homes Near 735 E Arrow Hwy

433 E Arrow, Azusa, CA 91702
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-- Baths
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433 E Arrow
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114 E Badillo St, Covina, CA 91723
$900,000 Last Sold Price
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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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