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Listed by Joel Balswick, DRE #01871230 • BALSWICK REALTY
$615,000
Est. payment /mo
2 Beds
1 Bath
720 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 720 sqft
Price per Sqft $854
MLS Listing ID CRCV26170504
Style Craftsman
Bedrooms 2
Full Baths 1
Year Built 1924
Lot Size 7,715 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
Prime Azusa Redevelopment & Investment Opportunity Unlock the potential of this centrally located property in Azusa's NG2 (Medium Density) residential area. The existing 2-bedroom, 1-bath home requires significant renovation. This presents an ideal opportunity for investors, developers, contractors, and builders seeking a value-add or redevelopment project. The true value lies in the land and its future potential. NG2-MED zoning allows for multiple residential units and accessory dwelling units (ADUs), subject to applicable zoning requirements, development standards, approvals, and buyer verification. Whether you are looking to pursue ground-up development, a value-add strategy, or consider a larger assemblage, this property is an attractive starting point in a desirable Azusa location. The neighboring property at 309 N Pasadena Ave is also available and is currently in the planning process for a proposed duplex with two ADUs. Acquiring both properties could create a larger development site and maximize your overall investment strategy. Conveniently positioned near the Metro A Line, Azusa Pacific University, Citrus College, shopping, dining, entertainment, and major commuter routes, this location enhances the property's long-term appeal. Investors, Developers & Builders, Don
Location
State CA
County Los Angeles
Area 607 - Azusa
Zoning NG2-MED
Rooms
Kitchen None
Interior
Heating No Heating
Cooling None
Fireplaces Type Family Room
Laundry None
Exterior
Parking Features Other
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water District - Public
Architectural Style Craftsman
Others
Tax ID 8611022010
Special Listing Condition Not Applicable
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