Homes for sale - 2524 Price DR, La Verne, CA 91750

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV24248616

HOA Y/N No

Year Built 1964

Lot Size 6,769 Sqft

Property Sub-Type Triplex

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, 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!

Location

State CA

County Los Angeles

Area 684 - La Verne

Zoning LVPR15A*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Built-In Range,Dishwasher

Laundry Inside

Exterior

Parking Features Direct Access,Garage,Garage Faces Rear

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs,Sidewalks

Utilities Available Cable Connected,Phone Available,See Remarks,Underground Utilities,Water Available

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8370039003

Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange

Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange

Special Listing Condition Standard