Address
1151 West 5th Street Azusa, CA
Price
$ 5,250,000
Property Attributes
  • ML#WS21051029
  • TypeCommercial
  • CountyLOS ANGELES
  • CityAzusa
  • AreaAzusa
  • Zip91702
  • StyleOffice
  • Price$ 5,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.59 Acres
Listing Provided Courtesy Of:
XIANGHUI ZHOU with HARVEST REALTY DEVELOPMENT.
Data Source:
CRMLS
Property Description

Huge price reduced!!!Beautiful 2 story open office building in Azusa!!!Stable Lease with single unit tenants! Lease expires in May 2023 and tenants have options to renew the lease! Before Covid-19 the rent was higher than 50% of the current rent. Great potential to increase the rent in the future!!!! Current CAP rate is 4.34% with 3 percent rent increased annually. Price per square feet is only 209, almost lowest per square feet price in the area!!! Per current lease, owner only paid property tax and building insurance. Property Tax for year 2020 is $36885 and insurance is 2400. Parking spaces are over 110.

Price History
3/11/2021 Listed $5,000,000

General Features

Cooling Central Air
Heating Central
MLS Area 607 - Azusa
Property SubType Office
Property Type Commercial Sale
Security Features Key Card Entry
Terms Cash, Cash to New Loan, Conventional
Total Units 1

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features None

Exterior Features

Lot Features 0-1 Unit/Acre
Lot Size Acres 1.59
Lot Size Area 69260
Lot Size Square Feet 69260
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91702

Price
AVG $1.11M
$5.25M
Visits
AVG 125
6
Year Built
AVG 1981
1985
Walkscore
AVG 49
26
Data Provided by Walkscore ® not using MLS data

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