2530 Magnolia Avenue

La Verne, CA 91750

  • 8 Bed(s)
  • 8 Bath(s)
  • 3,607 Sqft
  • 12468
    Sqft(Lot)
$1,789,000

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!!!

  • Property Type

    Residential

  • County

    Los Angeles

  • Style

    Residential

  • AD ID

    48646259

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Property Details

  • Bedroom Information

    • Total Bedrooms : 8

    Bathroom Information

    • Total Baths: 8
    • Full Baths: 8

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: All Bedrooms Down
    • Fireplace: None

    Cooling Features

    • Electric,Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Electric
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1948

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2862
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 12468

  • Listing Price Information

    • Original List Price: 1,789,000
    • Listing Contract Date: 2025-02-18

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8381013028

  • Garage and Parking

    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 684 - La Verne
    • Postal Code Plus 4: 4334
    • Directions: Bonita Ave and Wheeler Ave
    • Zoning: LVPR45D*
    • Source Property Type: Residential
    • Area: 684 - La Verne
    • Property SubType: Single Family Residence

    Building and Construction

    • Property Age: 77
    • Common Walls: No Common Walls
    • Structure Type: Single Family Residence
    • Year Built Source: Estimated
    • Total Square Feet Living: 3607
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: One
    • Building Total Stories: 1
    • Structure Type: House
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BuyOwner last updated this listing 03/10/2025 @ 12:33

  • MLS: CV25036100
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 3,607 sqft, 12,468 sized lot, and 2 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of La Verne , in zip code 91750, this Los Angeles County Home are nearby neighborhoods.