List Price: $574K

Listing Status: Active

Original List Price: $615K

Days on Market: 66

2 Bedrooms · 1 Bathroom · 720 sq ft

Property Type: Residential

Year Built: 1924

Lot Size: 7,715 sq ft

MLS Number: CV26170504

About This Property

The price has been reduced for a quick sale. 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're pursuing ground-up development, a value-add strategy, or 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 .

Listing provided by: Joel Balswick DRE #01871230 909-539-8675 joel_balswick@yahoo.com, BALSWICK REALTY

Source: CRMLS, MLS #: CV26170504