2530 Magnolia Avenue, La Verne, CA 91750
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Listed Price :
$1,789,000
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Beds :
8
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Baths :
8
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Property Size :
3,607 sqft
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Year Built :
1948
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!!!
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Features |
All Bedrooms Down |
| Bedrooms |
8 |
| Bathroom Information |
| Bathrooms |
8 |
| Interior Information |
| Features |
All Bedrooms Down |
| Cooling Type |
Electric, Wall/Window Unit(s) |
| Heating Type |
Electric |
Listing Information
| Address |
2530 Magnolia Avenue |
| City |
La Verne |
| State |
CA |
| Zip |
91750 |
| County |
Los Angeles |
| Listing Agent |
Fenping Wang DRE #01746848 |
| Courtesy Of |
Vantage Capital Inc. |
| List Price |
$1,789,000 |
| Status |
Active |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
3,607 |
| Lot Size |
12,468 |
| Year Built |
1948 |
Listing information courtesy of: Fenping Wang, Vantage Capital Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 23rd, 2025 at 12:30 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
