2530 Magnolia Avenue

La Verne, CA 91750

$1,789,000

List Price

8

bed Beds

8

shower Baths

3,607 sqft

straighten / sqft

1948

calendar_month Built

Open Houses

Next available: Saturday, February 22nd, 2025 11:00 am - 3:00 pm

Save to Open House Schedule

calendar_month Sunday, February 23rd, 2025

11:00 am - 3:00 pm • Save to Open House Schedule

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!!!

Listing Information

List Price $1,789,000
Status Active
MLS CV25036100
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1948
Lot Size 12,468
Structure Size 3,607
Courtesy Of Vantage Capital Inc.
Listing Agent Fenping Wang DRE#01746848

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 8
Fireplace Information
Features None
Additional Information
Additional Features All Bedrooms Down
Cooling Type
Cooling Type Electric, Wall/Window Unit(s)
Heating Type
Heating Type Electric

Exterior Information

Other Structures
Views Courtyard

Maps

home_work Nearby Properties

Listing information courtesy of: Fenping Wang, Vantage Capital Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 18th, 2025 at 9:57 PM 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.