Active
2530 Magnolia Avenue
La Verne CA, 91750
$1,789,000
$495.98 per sqft
Active
8 Beds
8 Baths
3,607 sqft
Residential
Built in 1948
Listed by Fenping Wang with Vantage Capital Inc. 626-905-2526
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!!!
CV25036100
MLSⓇ ID
February 18, 2025
Listed
February 23, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
8
Total Bathrooms
8
Full Bathrooms
8
Interior Features
All Bedrooms Down
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Electric, Wall/Window Unit(s)
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
School Information
School District
Bonita Unified
Other Property Details
Area Name
684 - La Verne
Days on Market
4
Garage
Yes
Garage Spaces
2
Parking Total
2
View
Yes
View Description
Courtyard
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LVPR45D*
Open House Schedule
Sun, Feb 23rd
11:00 AM - 3:00 PM PST
Listing Contact: 626-905-2526
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/23/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 2/23/2025 at 10:36 AM UTC