2530 Magnolia Avenue
La Verne, CA 91750
3607 sqft | 8 beds | 8 baths | 0.29 acres | #CV25036100
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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 Details
- Property SubtypeSingleFamilyResidence
- Lot DescriptionZeroToOneUnitAcre
- InteriorAllBedroomsDown
- School DistrictBonita Unified
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,789,000
- MLS #CV25036100
- MLS #CV25036100
- ViewCourtyard
- Property TypePurchase
- Cost1789000
- Acres0.2862
- Utility SourcePublic
- Structure TypeHouse
- Square Feet3607
- Year Built1948
- Bedrooms8
- Bathrooms8
- Full Baths8
- Stories1
- Parking Spaces2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Fenping Wang (#C30472)
Listing Office: Vantage Capital Inc. (#51568)
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