Listing Agent: Joel Balswick Broker/Office:
313 Pasadena N Azusa CA 91702
$ 615,000
2
| 1
| 720 Sq Feet
Listing ID
#CV26170504
Status
Active
Property Type
Single Family Residence
Property Style
Craftsman
County
Los Angeles
Year Built
1924
Days on website
3
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't Miss This Opportunity
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Financial Information
List Price:
$ 615000
Property Features
Community Features:
Biking, Sidewalks
High School District:
Azusa Unified
Levels:
One
Parking Features:
Driveway
Patio And Porch Features:
Porch
Roof:
Shingle
Senior Community YN:
false
Structure Type:
House
Water Source:
Public
High School District:
Azusa Unified
MLS Area Major:
607 - Azusa
City:
Azusa
Senior Community YN:
false
CA Lic#