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2530 Magnolia AVE La Verne, CA 91750
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Key Details
Sold Price $1,800,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,607 sqft
Price per Sqft $499
MLS Listing ID CV25036100
Sold Date 03/13/25
Bedrooms 8
Full Baths 8
HOA Y/N No
Year Built 1948
Lot Size 0.286 Acres
Property Sub-Type Single Family Residence
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
Area 684 - La Verne
Zoning LVPR45D*
Rooms
Main Level Bedrooms 1
Interior
Interior Features All Bedrooms Down
Heating Electric
Cooling Electric, Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Park, Sidewalks
View Y/N Yes
View Courtyard
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Bonita Unified
Others
Senior Community No
Tax ID 8381013028
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Jack Pang • Resource Real Estate Services