$1,150,000
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.
CV26230994
MLS
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Active
Status
2595 Price Drive, La Verne
