$1,500,000

Prime R2 development opportunity in the heart of Azusa. Rare approximately 24,000 SF flat rectangular lot located directly across from Azusa Pacific University and just minutes from Downtown Azusa, shopping, dining, Metro A Line, and major freeways. Property currently includes an older single-family residence, however the true value is in the land and future development potential. Ideal opportunity for investors, builders, and developers seeking multifamily or residential income potential in a high-demand rental market. R2 zoning offers excellent possibilities for redevelopment (buyer to verify density, unit count, zoning, and development requirements with the City of Azusa). Large flat parcel with utilities nearby and strong upside potential in a rapidly growing area. First time on the market in many years.