735 E Hanks Street, Azusa, California 91702, Azusa, 91702 - 5 bed, 2 bath
ACTIVE$800,000
735 E Hanks Street, Azusa, California 91702
5Beds
2Baths
1,360Sqft
6,042Lot
Year Built
1956
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$588
HOA
-
Days on market
-
Sold On
-
MLS number
SR25131803
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 43% below the list price. We found 3 Cons,5 Pros. Rank: price - $800.0K(66th), sqft - 1360(50th), beds - 5(93th), baths - 2(50th).
This 5-bedroom, 2-bathroom home is located on a quiet street in Azusa, presenting a great opportunity for both new and established Residential Care Facility for the Elderly (RCFE) operators. The property is fully approved and compliant with California Department of Social Services standards and regulations. Please note: the business and property must be sold together. Do not disturb the occupants.
Condition Rating
Poor
Built in 1956, the property exhibits significantly outdated interiors. The bathroom, as seen in the images, features an older vanity, basic fixtures, and dated tile, indicating no recent renovations. While the property is stated to be RCFE compliant, suggesting basic functionality and safety for its specific use, its overall aesthetic, flooring, and fixtures are far from modern. It would require substantial repairs and rehabilitation to meet current residential quality standards and appeal.
Pros & Cons
Pros
Approved RCFE Status: Fully approved and compliant with California Department of Social Services standards, offering a turn-key opportunity for Residential Care Facility for the Elderly (RCFE) operators.
Business & Property Package: Unique offering to acquire an established RCFE business along with the real estate, providing immediate operational potential for specialized investors.
High Bedroom Count: Five bedrooms provide ample capacity for multiple residents, which is highly desirable and functional for a care facility operation.
Quiet Residential Location: Situated on a quiet street in Azusa, offering a peaceful and suitable environment for a residential care facility.
Specialized Market Appeal: Catters to a niche market of RCFE operators and investors, potentially attracting dedicated and motivated buyers seeking this specific asset type.
Cons
Significant Price Discrepancy: The list price of $800,000 is considerably higher than the estimated property value of $449,882, suggesting a premium for the RCFE business that may deter traditional residential buyers and complicate financing.
Limited Buyer Pool: The mandatory sale of both the business and property together significantly restricts the potential buyer demographic to only RCFE operators or specific investors in this sector.
Property Age & Potential Upgrades: Built in 1956, the property's age suggests potential for deferred maintenance, outdated systems, or the need for significant upgrades to meet modern care facility standards and resident expectations.