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2524 Price Drive

La Verne, CA 91750
  • $1,295,000
  • STATUS: ACTIVE
  • ON SITE: 10 Days
  • ID#: DW22093437
UPDATED: 22 min ago
$1,295,000
  • 7
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Investors line up and be prepared to write your cash offers ASAP! We have a fantastic asset for sale, its the pride and joy of La Verne, CA! Very close to the University of La Verne (3 minutes away) ! Up for sale is a triplex, first time in 20+ years! This gorgeous 3 unit complex holds extra large units, featuring a 3/2 (~1,518 sq.ft), two 2/2(~1,218 sq.ft), with a total square footage of 3,756. Excellent to finish off as LUXURY UNITS. Great Turn-Key Investment with Excellent ROI Potential. With the ability to build more ADU's on the 6,766 sq.ft. Very clean complex, extremely well maintained. Thats $431,667 per unit. Find a 2 or 3 bedroom house that is cheaper than $432,000 in this market! Good luck! it does not exist! Far lower than replacement cost, with the potential room to build additional ADUs. Lot's of upgrades: Converted carports into garages with doors and door openers, replaced all water/wall heaters, AC wall units (added additional AC units too), ceiling fans (and added additional ones), replaced wall heaters, replaced dishwashers; washers and dryers (stacked in the kitchen area)- tenants love this feature! Replaced all kitchen countertops, sinks, and replaced ranges in kitchen (all units). All bathrooms have been upgraded- new toilets, upgraded some of the bath tubs too. There's a new water main drain with copper piping. Painted Exterior, new security screen doors, the list of upgrades doesn't stop. Fantastic property for sale- with excellent cash flow potential. The property is in 8.9 / 10 condition. Priced to sell!!! This is the lowest price per square foot an Investors line up and be prepared to write your cash offers ASAP! We have a fantastic asset for sale, its the pride and joy of La Verne, CA! Very close to the University of La Verne (3 minutes away) ! Up for sale is a triplex, first time in 20+ years! This gorgeous 3 unit complex holds extra large units, featuring a 3/2 (~1,518 sq.ft), two 2/2(~1,218 sq.ft), with a total square footage of 3,756. Excellent to finish off as LUXURY UNITS. Great Turn-Key Investment with Excellent ROI Potential. With the ability to build more ADU's on the 6,766 sq.ft. Very clean complex, extremely well maintained. Thats $431,667 per unit. Find a 2 or 3 bedroom house that is cheaper than $432,000 in this market! Good luck! it does not exist! Far lower than replacement cost, with the potential room to build additional ADUs. Lot's of upgrades: Converted carports into garages with doors and door openers, replaced all water/wall heaters, AC wall units (added additional AC units too), ceiling fans (and added additional ones), replaced wall heaters, replaced dishwashers; washers and dryers (stacked in the kitchen area)- tenants love this feature! Replaced all kitchen countertops, sinks, and replaced ranges in kitchen (all units). All bathrooms have been upgraded- new toilets, upgraded some of the bath tubs too. There's a new water main drain with copper piping. Painted Exterior, new security screen doors, the list of upgrades doesn't stop. Fantastic property for sale- with excellent cash flow potential. The property is in 8.9 / 10 condition. Priced to sell!!! This is the lowest price per square foot and price per door in this market. Tons of value to be had. Finish off to luxury units, and increase your cash flow today. But wait there's more! We are also representing the seller on an exact triplex across the street; please see 2531 Price Dr. La Verne. Its also priced to sell at $1.295M. Buy one triplex or buy both triplexes for $2.590M. Both properties are significantly under market rents! Owners is retiring making this a perfect long-term investment. Buy all cash then cash out. Other comps in the area are trading for $490-$499K per unit. Property is being sold-AS IS and price reflects discount for any small or mid size repairs. Buyers/Buyers Agent to satisfy all features, build type, and actual sq.ft, etc. seller and sellers agent are not responsible for satisfying this information.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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2524 Price Drive La Verne, CA 91750

  • Price: $1,295,000
  • Status: ACTIVE
  • On Site: 10 Days
  • Updated: 22 min ago
  • ID#: DW22093437
7
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
La Verne (91750)
County:
Los Angeles
Area:
La Verne (91750)
Property Description
Investors line up and be prepared to write your cash offers ASAP! We have a fantastic asset for sale, its the pride and joy of La Verne, CA! Very close to the University of La Verne (3 minutes away) ! Up for sale is a triplex, first time in 20+ years! This gorgeous 3 unit complex holds extra large units, featuring a 3/2 (~1,518 sq.ft), two 2/2(~1,218 sq.ft), with a total square footage of 3,756. Excellent to finish off as LUXURY UNITS. Great Turn-Key Investment with Excellent ROI Potential. With the ability to build more ADU's on the 6,766 sq.ft. Very clean complex, extremely well maintained. Thats $431,667 per unit. Find a 2 or 3 bedroom house that is cheaper than $432,000 in this market! Good luck! it does not exist! Far lower than replacement cost, with the potential room to build additional ADUs. Lot's of upgrades: Converted carports into garages with doors and door openers, replaced all water/wall heaters, AC wall units (added additional AC units too), ceiling fans (and added additional ones), replaced wall heaters, replaced dishwashers; washers and dryers (stacked in the kitchen area)- tenants love this feature! Replaced all kitchen countertops, sinks, and replaced ranges in kitchen (all units). All bathrooms have been upgraded- new toilets, upgraded some of the bath tubs too. There's a new water main drain with copper piping. Painted Exterior, new security screen doors, the list of upgrades doesn't stop. Fantastic property for sale- with excellent cash flow potential. The property is in 8.9 / 10 condition. Priced to sell!!! This is the lowest price per square foot an Investors line up and be prepared to write your cash offers ASAP! We have a fantastic asset for sale, its the pride and joy of La Verne, CA! Very close to the University of La Verne (3 minutes away) ! Up for sale is a triplex, first time in 20+ years! This gorgeous 3 unit complex holds extra large units, featuring a 3/2 (~1,518 sq.ft), two 2/2(~1,218 sq.ft), with a total square footage of 3,756. Excellent to finish off as LUXURY UNITS. Great Turn-Key Investment with Excellent ROI Potential. With the ability to build more ADU's on the 6,766 sq.ft. Very clean complex, extremely well maintained. Thats $431,667 per unit. Find a 2 or 3 bedroom house that is cheaper than $432,000 in this market! Good luck! it does not exist! Far lower than replacement cost, with the potential room to build additional ADUs. Lot's of upgrades: Converted carports into garages with doors and door openers, replaced all water/wall heaters, AC wall units (added additional AC units too), ceiling fans (and added additional ones), replaced wall heaters, replaced dishwashers; washers and dryers (stacked in the kitchen area)- tenants love this feature! Replaced all kitchen countertops, sinks, and replaced ranges in kitchen (all units). All bathrooms have been upgraded- new toilets, upgraded some of the bath tubs too. There's a new water main drain with copper piping. Painted Exterior, new security screen doors, the list of upgrades doesn't stop. Fantastic property for sale- with excellent cash flow potential. The property is in 8.9 / 10 condition. Priced to sell!!! This is the lowest price per square foot and price per door in this market. Tons of value to be had. Finish off to luxury units, and increase your cash flow today. But wait there's more! We are also representing the seller on an exact triplex across the street; please see 2531 Price Dr. La Verne. Its also priced to sell at $1.295M. Buy one triplex or buy both triplexes for $2.590M. Both properties are significantly under market rents! Owners is retiring making this a perfect long-term investment. Buy all cash then cash out. Other comps in the area are trading for $490-$499K per unit. Property is being sold-AS IS and price reflects discount for any small or mid size repairs. Buyers/Buyers Agent to satisfy all features, build type, and actual sq.ft, etc. seller and sellers agent are not responsible for satisfying this information.
Exterior Features

Pool N/K Roof Other/Remarks Site Sidewalks Spa N/K

Interior Features

Cooling Attic FanWall/Window Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2

Property Features

Actual Cap Rate 4.48 Annual Expense Actual 3000 Assessments N/K Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 22.0 Gross Scheduled Income Actual 57960 Sewer Septic Other/Remarks Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1780.0 Unit2 Rent Actual 1450.0 Unit3 Rent Actual 1600.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Hope Street Funding & Realty. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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