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Closed
- Listed price
- $1,249,888
- Listed Apr 8, 2019
- Sold price
- $1,200,000
- Sold Jun 7, 2019
19,798 sqft lot|1982 Built|32 days listed
735 E Arrow, Azusa, CA 91702
Property Description
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!
Listing agent: Mike VachaniDRE #01279002mikevachani@gmail.com, Listing office: Provenio Realty and Investment
MLS data updated 10/20/2026, 5:23:04 PM PT
Source: CRMLSMLS #: AR19078505
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,200,000
Jun 7, 2019
Available records22019
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 91702 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 91702 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.