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.Don’t miss this chance to own a high-performing asset in a thriving market at a reduced price!
|
DAYS ON MARKET
|
91
|
LAST UPDATED
|
3/10/2025
|
|
YEAR BUILT
|
1964
|
COMMUNITY
|
La Verne
|
|
GARAGE SPACES
|
3.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to Jan 22, '25
|
$1,600,000
|
|
Jan 22, '25 - Mar 6, '25 |
$1,525,000
|
|
Mar 6, '25 - Mar 10, '25 |
$1,500,000
|
| Mar 10, '25 - Today |
$1,450,000 |
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Built-In Range, Dishwasher |
| AREA |
La Verne |
| GARAGE |
Direct Access, Garage, Garage Faces Rear, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
6768 sq ft |
| LOT DESCRIPTION |
2-5 Units/Acre |
| PARKING |
Direct Access,Garage,Garage Faces Rear |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| UTILITIES |
Cable Connected,Phone Available,See Remarks,Underground Utilities,Water Available, Electric: 220 Volts in Kitchen |
| WATER |
Public |
| ZONING |
LVPR15A* |
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Listed with BR REAL ESTATE, INC.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/16/25 5:56 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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