RealKey
‪(213) 433-7766‬

630 N Angeleno Avenue, Azusa, California 91702, Azusa, 91702 - 2 bed, 1 bath

630 N Angeleno Avenue, Azusa, California 91702 home-pic-0
ACTIVE$850,000
630 N Angeleno Avenue, Azusa, California 91702
2Beds
1Bath
780Sqft
6,918Lot
Year Built
1936
Close
-
List price
$850K
Original List price
$998K
Price/Sqft
$1,090
HOA
-
Days on market
-
Sold On
-
MLS number
AR24227204
Home ConditionTear down
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 39% below the list price. We found 3 Cons,5 Pros. Rank: price - $850.0K(75th), sqft - 780(1th), beds - 2(11th), baths - 1(22th).

** Attention Investor/Developer/Builder ** The sale includes approved four units condominium plan (two detached duplexes). Three story floor plans with living area of 5,961 SF and building area of 8,644 SF. The floor plans include 4Bdr/3.5Ba (1797 SF), 4Bdr/3.5Ba (1720 SF) and 2 units of 3Bdr/2.5Ba (1,222 SF). Two larger plans of 1797 SF and 1720 SF have bedrooms and baths on the first floor. All units have spacious private balconies and two-car garage with direct access to the units. Located near the 210 and 605 freeways, Metro Gold Line station, Azusa Pacific University, Citrus College and more. The property is currently single family residence and is sold “as is” condition.

Condition Rating
Tear down
Despite some recent cosmetic updates to the kitchen (new cabinets, countertops, stainless steel range) and flooring, the property was built in 1936 and is explicitly marketed 'as is' to 'Investor/Developer/Builder' with approved plans for a four-unit condominium. This indicates the value is in the land and development potential, not the existing 780 sqft structure. The bathroom also shows older fixtures and finishes, suggesting an incomplete renovation. The existing structure is likely intended for demolition to make way for the new development.
Pros & Cons

Pros

Approved Development Plan: The sale includes an approved four-unit condominium plan (two detached duplexes), significantly de-risking the development process for investors and builders.
High Density Potential: The approved plans allow for a substantial increase in living area (5,961 SF) and building area (8,644 SF) on the 6,918 SF lot, maximizing the property's development value.
Strategic Location: Located near major freeways (210, 605), a Metro Gold Line station, Azusa Pacific University, and Citrus College, enhancing appeal for future residents and rental potential.
Desirable Unit Mix & Features: The approved plans offer a strong unit mix (4Bdr/3.5Ba and 3Bdr/2.5Ba) with attractive features like spacious private balconies and two-car garages with direct access.
Clear Investor/Developer Focus: Explicitly marketed to 'Investor/Developer/Builder,' indicating a property tailored for a specific market segment with high potential for return on investment post-development.

Cons

Significant Valuation Gap: The list price of $850,000 is considerably higher than the estimated current property value of $518,399.35, suggesting a substantial premium for the development potential that may deter some buyers.
As-Is Condition & Age: The property is sold 'as is,' and the existing 1936-built single-family residence likely requires extensive work or demolition, adding significant upfront costs and project complexity.
Development Project Complexity: While plans are approved, executing a four-unit condominium development still requires substantial capital, time, and management expertise, which may not suit all potential buyers.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state