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700 W 2nd St 5 Unit Apartment Building $4,822,930 CAD ($964,586 CAD/Unit) 5.49% Cap Rate Azusa, CA 91702



Investment Highlights
- Six-Unit Residential Income Property Maintained With Pride of Ownership.
- Recent Upgrades Such as New Roofs and Remodeled Bathrooms Add Value.
- Located Near Major Freeways With Quick Access to Los Angeles and Regional Landmarks.
- Configuration Includes Four Two-Story Homes and Two Single-Story Homes.
- Expansive Lot Allows for RV Parking, Storage, or Future ADU Development.
- Close to Azusa Pacific University and Citrus College, Enhancing Rental Demand.
Executive Summary
Welcome to 700 W 2nd St in Azusa—a truly rare and exciting investment opportunity, offered for the first time since 1987. This one-of-a-kind property features six well-appointed residences, each offering 3 bedrooms and 2.5 bathrooms, thoughtfully arranged on a private street for added privacy and charm. The community includes four spacious two-story homes and two desirable single-story homes, all meticulously maintained and showcasing pride of ownership throughout. Recent improvements add even more value, including new roofs on two of the homes and beautifully remodeled upstairs bathrooms in home #6, blending modern updates with the property’s already well-kept condition. Situated on an expansive lot, the property presents incredible upside potential with opportunities to subdivide, expand, or enhance income streams. There’s ample room for RV parking, additional storage, or the possible addition of an ADU, making it an ideal option for investors looking to maximize returns. Tenants enjoy a highly convenient central location with easy access to major freeways and are just a short drive from Downtown Los Angeles, Dodger Stadium, SoFi Stadium, Disneyland, and more. The property is also near Azusa Pacific University and neighboring Glendora, home to Citrus College, further enhancing its long-term rental appeal. Whether you’re seeking a strong income-producing asset or a versatile multi-generational living setup, this property offers endless possibilities. Opportunities like this are few and far between—don’t miss your chance to own a standout asset in the heart of Azusa.
Property Facts
| Price | $4,822,930 CAD | Property Subtype | Apartment |
| Price Per Unit | $964,586 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.49% | Lot Size | 0.97 AC |
| Sale Condition | 1031 Exchange | Building Size | 10,220 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1987 |
| Zoning | AZR1C* - One-Family Zone | ||
| Price | $4,822,930 CAD |
| Price Per Unit | $964,586 CAD |
| Sale Type | Investment |
| Cap Rate | 5.49% |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 10,220 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Zoning | AZR1C* - One-Family Zone |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 8615-015-037 | Improvements Assessment | $813,297 CAD |
| Land Assessment | $1,798,829 CAD | Total Assessment | $2,612,126 CAD |
Property Taxes
Parcel Number
8615-015-037
Land Assessment
$1,798,829 CAD
Improvements Assessment
$813,297 CAD
Total Assessment
$2,612,126 CAD
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700 W 2nd St
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