2530 Magnolia Ave - Apartments FOR SALE


La Verne, CA 91750
$1,789,000 USD
626-905-2526
2530 Magnolia Ave, La Verne, CA for Sale
$1,789,000 USD
Apartments - FOR SALE
1/44
null | 5.3% Cap Rate

2530 Magnolia Ave
La Verne, CA 91750


OVERVIEW

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!!!

FOR SALE DETAILS

PRICE

$1,789,000 USD

PRICE/SF

$496 USD /SF

# OF UNITS

3

PRICE/UNIT

$596,333

CAP RATE

5.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2530 Magnolia Ave, La Verne, CA 91750-4334

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,415 SF

ZONING

LVPR45D*

APN/PARCEL ID

8381-013-028

ASK ABOUT THIS PROPERTY

Asha WangVantage Capital IncMore Info
626-905-2526

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Asha WangVantage Capital IncMore Info
626-905-2526

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.