2530 Magnolia Avenue new Save Request In-Person Tour Request Virtual Tour
La Verne,CA 91750
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 CV25036100
Style Detached
Bedrooms 8
Full Baths 8
HOA Y/N No
Year Built 1948
Lot Size 0.286 Acres
Acres 0.2862
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!!!
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 La Verne (91750)
Zoning LVPR45D*
Interior
Heating Electric
Cooling Wall/Window,Electric
Exterior
Garage Spaces 2.0
View Courtyard
Total Parking Spaces 2
Building
Lot Description Sidewalks
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Others
Monthly Total Fees $54
Acceptable Financing Cash,Cash To New Loan
Listing Terms Cash,Cash To New Loan
Special Listing Condition Standard