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Listed by Fenping Wang • Vantage Capital Inc.
$ 1,789,000
Est. payment /mo
Active
2530 Magnolia Avenue La Verne, CA 91750
8 Beds
8 Baths
3,607 SqFt
UPDATED:
02/24/2025 08:09 AM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,607 sqft
Price per Sqft $495
MLS Listing ID CRCV25036100
Bedrooms 8
Full Baths 8
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1948
Lot Size 0.286 Acres
Property Sub-Type Detached
Property Description
Great Investment Opportunity in La Verne , the return CAP rate is over 5%, The newly built property offers 8 bedrooms, 8.5 bathrooms, and is divided into three separate units. One unit is 3 beds, 3 baths , monthly rent is $3200, One unit is 2 beds and 2 baths , monthly rent is $2500, One unit is 3 beds and 3.5 baths, market monthly rent is about $4300, total monthly rent is about $10,000.00, very low property Tax with NO HOA fee. It is great location with privacy Corner Lot, minutes walk to Park, close to an award-winning elementary school and Bonita Unified high School ,baseball fields, the University of La Verne, and the charming downtown area. There are many parking spaces besides 2 car garage , at least for 8 cars. There's also an extra-long driveway perfect for RV parking. The newly upgraded fence and courtyard feature concrete pavers and artificial turf with less maintenance. A few blocks away from Hillcrest Retirement Community offering club house, indoor swimming pool and more at very low cost. It is your DREAM HOUSE WITH GREAT INCOME!!!
Location
State CA
County Los Angeles
Interior
Heating Electric
Cooling Wall/Window Unit(s), Other
Fireplaces Type None
Fireplace No
Laundry Other
Exterior
Garage Spaces 2.0
Pool None
View Other
Private Pool false
Building
Story 1
Water Public
Schools
School District Bonita Unified
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