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Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23160732
Sold Date 10/18/23
Construction Status Additions/Alterations,Updated/Remodeled
HOA Y/N No
Year Built 1924
Lot Size 8,716 Sqft
Property Description
Welcome to this charming income property in the heart of La Verne, just a short walk away from the prestigious University of La Verne, delightful restaurants, and eclectic shops. This Vintage home has timeless appeal and offers an incredible investment opportunity with two units in the front house and three additional units (built approx. 1972) nestled at the rear of the property. The main house boasts classic architectural details. Stepping inside, you'll find upgraded dual-pane windows that flood the interior with natural light while keeping energy efficiency in mind. Two of the units are equipped with modern HVAC systems, ensuring optimal comfort year-round, while the remaining three units feature convenient window air conditioning units. A unique aspect of this property is the well-thought-out design that provides separate outdoor spaces for each unit, allowing tenants to enjoy privacy and a connection to the outdoors. The property has been well maintained, reflecting the pride of ownership. The income property also offers ample parking options with a four-car garage and a one additional parking space, a highly desirable feature for both tenants and potential investors. Perhaps the most appealing aspect of this property is its unbeatable location. Situated within walking distance to the University of La Verne, it presents a prime opportunity for student housing, attracting a consistent flow of potential renters. The convenience of nearby restaurants, shops, and amenities further enhances the property's appeal, promising a vibrant and dynamic lifestyle for tenants. This income property in La Verne offers an excellent opportunity to capitalize on its charm, strategic location, and potential for strong rental returns. Don't miss out on the chance to own a piece of real estate that harmonizes timeless craftsmanship with modern investment potential.
Location
State CA
County Los Angeles
Area 684 - La Verne
Zoning LVPR10A*
Rooms
Other Rooms Stable(s)
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Laminate, Vinyl
Fireplace No
Appliance Gas Range, Water Heater
Laundry Inside
Exterior
Exterior Feature Rain Gutters
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Vinyl
Pool None
Community Features Curbs
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Parking Type Assigned
Total Parking Spaces 5
Private Pool No
Building
Lot Description Front Yard, Sprinkler System
Faces South
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories Two
Additional Building Stable(s)
New Construction No
Construction Status Additions/Alterations,Updated/Remodeled
Others
Senior Community No
Tax ID 8377009021
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash to New Loan, 1031 Exchange, Submit
Listing Terms Cash to New Loan, 1031 Exchange, Submit
Financing Cash
Special Listing Condition Trust
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Bought with Nicholas Abbadessa • RE/MAX MASTERS REALTY