2595 Price Drive, La Verne, CA 91750
- $1,150,000
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- CV26230994
- Year Built
- 1964
- Lot Size
- 7,531
- Acres
- 0.17
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level, Two Levels
Property Description
Excellent opportunity to acquire a 3-unit multifamily property in the highly desirable city of La Verne, featuring exceptionally large units, desirable tenant amenities, and significant upside in rental income. Offering a projected 6% CAP Rate with market rents in place, this property presents an attractive value-add opportunity for investors seeking to increase cash-flow while owning in one of the San Gabriel Valley's most desirable rental markets. The property features an outstanding unit mix consisting of one spacious 3-Bedroom/2-Bath unit and two 2-Bedroom/2-Bath units, totaling approximately 3,756 rentable square feet on a 7,531 sq. ft. lot. With an average unit size exceeding 1,250 square feet, these oversized floor plans provide a distinct advantage over conventional apartment units, appealing to discerning renters seeking generous living spaces and added comfort. Residents enjoy an excellent collection of amenities including private patios, individual washer and dryer hookups, and private two-car garage parking, offering the convenience and privacy typically associated with single-family living. Additionally, electricity and gas are separately metered, allowing tenants to manage their individual utility consumption while supporting efficient property operations. Conveniently located near parks, restaurants, retail shopping, and everyday amenities, the property benefits from La Verne's desirable residential setting and strong rental appeal. Combining exceptionally large units, sought-after amenities, and substantial rental upside, this offering provides investors with an excellent opportunity to acquire a quality multifamily asset with the potential to achieve a 6% CAP Rate through market rent adjustments.
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Additional Information
- Appliances
- Gas Oven
- Pool Description
- None
- Fireplace Description
- Living Room
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Shingle
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $56,244
- Operating Expense
- 21965
Listing courtesy of Listing Agent: Kristopher German (kris@theapartmentdealer.com) from Listing Office: RE/MAX 2000 REALTY.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.