2524 Price DR La Verne, CA 91750
UPDATED:
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
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
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