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$1,450,000
Est. payment /mo
7 Beds
6 Baths
6,768 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV24248616
Bedrooms 7
HOA Y/N No
Lot Size 6,768 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Great Opportunity in a Desirable Location Price Reduced! This tri-plex in La Verne is a rare find in a highly sought-after area, close to the University and Downtown La Verne. Properties like this rarely come on the market for sale or rent, and now is your chance to secure a prime investment at a newly reduced price. Whether you're looking for immediate returns or long-term growth potential, this property offers both. Property Overview: Units: 3 total 1 x 3-bed, 2-bath and 2 x 2-bed, 2-bath. Total Rentable Space: 3,756 sq.ft. Lot Size: 6,766 sq.ft. Garages: Each unit includes a 2-car garage. Features: Each unit comes with a washer/dryer and dishwasher. This property is a turn-key investment, but it's being sold as-is, offering an exciting opportunity for the buyer to make their own improvements or add value. Financial Highlights: 2025 Rent Roll: $73,596 annually. ProForma Rent: $86,340 annually (potential increase with market adjustments). 2024 Expenses: $9,950 (including gardener, water, trash, and insurance). Investment Opportunity: The 6,766 sq.ft. lot offers substantial upside potential with the ability to add ADUs (Accessory Dwelling Units), increasing rental income and overall cash flow. The location continues to see strong rental demand, positioning this property for both immediate returns and long-term appreciation. Important: Buyers and agents are reminded that current tenants must not be disturbed. All showings must be scheduled appropriately, and any inquiries should be directed to the listing agent. Buyers should be aware that the property is being sold as-is,
Great Opportunity in a Desirable Location Price Reduced! This tri-plex in La Verne is a rare find in a highly sought-after area, close to the University and Downtown La Verne. Properties like this rarely come on the market for sale or rent, and now is your chance to secure a prime investment at a newly reduced price. Whether you're looking for immediate returns or long-term growth potential, this property offers both. Property Overview: Units: 3 total 1 x 3-bed, 2-bath and 2 x 2-bed, 2-bath. Total Rentable Space: 3,756 sq.ft. Lot Size: 6,766 sq.ft. Garages: Each unit includes a 2-car garage. Features: Each unit comes with a washer/dryer and dishwasher. This property is a turn-key investment, but it's being sold as-is, offering an exciting opportunity for the buyer to make their own improvements or add value. Financial Highlights: 2025 Rent Roll: $73,596 annually. ProForma Rent: $86,340 annually (potential increase with market adjustments). 2024 Expenses: $9,950 (including gardener, water, trash, and insurance). Investment Opportunity: The 6,766 sq.ft. lot offers substantial upside potential with the ability to add ADUs (Accessory Dwelling Units), increasing rental income and overall cash flow. The location continues to see strong rental demand, positioning this property for both immediate returns and long-term appreciation. Important: Buyers and agents are reminded that current tenants must not be disturbed. All showings must be scheduled appropriately, and any inquiries should be directed to the listing agent. Buyers should be aware that the property is being sold as-is, so while it's a fantastic investment opportunity, there may be room for cosmetic updates or value enhancements. Buyers and their agents are to verify all details, including square footage and any build options for potential ADUs. Dont miss this chance to own a high-performing asset in a thriving market at a reduced price!
Great Opportunity in a Desirable Location Price Reduced! This tri-plex in La Verne is a rare find in a highly sought-after area, close to the University and Downtown La Verne. Properties like this rarely come on the market for sale or rent, and now is your chance to secure a prime investment at a newly reduced price. Whether you're looking for immediate returns or long-term growth potential, this property offers both. Property Overview: Units: 3 total 1 x 3-bed, 2-bath and 2 x 2-bed, 2-bath. Total Rentable Space: 3,756 sq.ft. Lot Size: 6,766 sq.ft. Garages: Each unit includes a 2-car garage. Features: Each unit comes with a washer/dryer and dishwasher. This property is a turn-key investment, but it's being sold as-is, offering an exciting opportunity for the buyer to make their own improvements or add value. Financial Highlights: 2025 Rent Roll: $73,596 annually. ProForma Rent: $86,340 annually (potential increase with market adjustments). 2024 Expenses: $9,950 (including gardener, water, trash, and insurance). Investment Opportunity: The 6,766 sq.ft. lot offers substantial upside potential with the ability to add ADUs (Accessory Dwelling Units), increasing rental income and overall cash flow. The location continues to see strong rental demand, positioning this property for both immediate returns and long-term appreciation. Important: Buyers and agents are reminded that current tenants must not be disturbed. All showings must be scheduled appropriately, and any inquiries should be directed to the listing agent. Buyers should be aware that the property is being sold as-is, so while it's a fantastic investment opportunity, there may be room for cosmetic updates or value enhancements. Buyers and their agents are to verify all details, including square footage and any build options for potential ADUs. Dont miss this chance to own a high-performing asset in a thriving market at a reduced price!
Location
State CA
County Los Angeles
Area La Verne (91750)
Zoning Public Rec
Interior
Cooling Wall/Window
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $76
Acceptable Financing Cash, Conventional, Exchange
Space Rent $2,280
Listing Terms Cash, Conventional, Exchange
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Listed by Mark Perone • BR REAL ESTATE, INC.
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