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2524 Price Drive, La Verne, CA 91750
$1,297,000
2524 Price Drive, La Verne, CA 91750View this property at 2524 Price Drive, La Verne, CA 91750
2524 Price DriveLa VerneCA91750
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Property Description
Investors line up and be prepared to write your cash offers ASAP! We have a fantastic asset for sale, it's the pride and joy of La Verne, CA! Very close to the University of La Verne (3 minutes away) ! Up for sale is a triplex, first time in 20+ years! This gorgeous 3 unit complex holds extra large units, featuring a 3/2 (~1,518 sq.ft), two 2/2(~1,218 sq.ft), with a total square footage of 3,756. Excellent to finish off as LUXURY UNITS. Great Turn-Key Investment with Excellent ROI Potential. With the ability to build more ADU's on the 6,766 sq.ft. Very clean complex, extremely well maintained.
That's $431,667 per unit. Find a 2 or 3 bedroom house that is cheaper than $432,000 in this market! Good luck! it does not exist! Far lower than replacement cost, with the potential room to build additional ADU's.
Lot's of upgrades: Converted carports into garages with doors and door openers, replaced all water/wall heaters, AC wall units (added additional AC units too), ceiling fans (and added additional ones), replaced wall heaters, replaced dishwashers; washers and dryers (stacked in the kitchen area)- tenants love this feature! Replaced all kitchen countertops, sinks, and replaced ranges in kitchen (all units). All bathrooms have been upgraded- new toilets, upgraded some of the bath tubs too. There's a new water main drain with copper piping. Painted Exterior, new security screen doors, the list of upgrades doesn't stop. Fantastic property for sale- with excellent cash flow potential.
The property is in 8.9 / 10 condition. Priced to sell!!! This is the lowest price per square foot and price per door in this market. Ton's of value to be had. Finish off to luxury units, and increase your cash flow today. But wait there's more! We are also representing the seller on an exact triplex across the street; please see 2531 Price Dr. La Verne. It's also priced to sell at $1.295M. Buy one triplex or buy both triplexes for $2.590M. Both properties are significantly under market rents! Owners is retiring making this a perfect long-term investment. Buy all cash then cash out. Other comps in the area are trading for $490-$499K per unit.
Property is being sold-AS IS and price reflects discount for any small or mid size repairs. Buyers/Buyers Agent to satisfy all features, build type, and actual sq.ft, etc. seller and sellers agent are not responsible for satisfying this information.
Full Property Details
Full Property Details for 2524 Price Dr
General
- Sold For: $1,297,000
- Status: Closed
- Type: Multi-Family
- MLS ID: DW22093437
- Added to Site: 743 day(s) ago
Interior
- Rooms/Areas: See Remarks
- Interior Features: Ceiling Fan(s), Granite Counters, Storage
- Fireplace(s): Den, See Remarks
- Appliances: Dishwasher, Electric Oven, Electric Range, Gas & Electric Range
- Flooring: Carpet, Vinyl
Rooms
Other Rooms
- Laundry: Dryer Included, Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Kitchen, See Remarks, Stackable, Washer Included
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 3
Location
- Area: 684 - La Verne
- County: Los Angeles
- Development Name: 684 - La Verne
- Driving Directions: 605 North to 210 E to Foothill, Exit Fruit St (Exit 48) to N. White, Left to Town CEnter Drive, Right on Price Dr.
Heating & Cooling
- Cooling Type: Wall/Window Unit(s), Whole House Fan
- Heating Type: Wall Furnace
Utilities
- Sewer: Other, Public Sewer
- Water: Public, See Remarks
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Architectural Style: Mid Century Modern, See Remarks
- Roof: Common Roof, Other, See Remarks
- Square Feet: 3,756
- Year Built: 1964
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Property View: Mountain(s), Neighborhood, Peek-a-Boo, See Remarks
- Lot Size (Acres): 0.1553
- Lot Size Source: Assessor
- Zoning: LVPR15A*
- Lot Description: Front Yard, Park Nearby, Walking Street, Yard
Financial Considerations
- Price Per Sq. Ft.: $345.31
- Price Per Unit: 431667
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Hope Street Funding & Realty, Carlos Campos
Sold by Southland Properties, ANN BLANCO
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Schools
Schools serving 2524 Price Dr
School District:Bonita Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2715 E St, La Verne, CA 91750 | K-5 | 0.6 mi | |
3490 Ramona Ave, La Verne, CA 91750 | 6-8 | 1.8 mi | |
3102 D St, La Verne, CA 91750 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2524 Price Dr
Date
Details
Price
Change
Source
6/26/2022
Sold
$1,297,000
0.15%
MLS
5/04/2022
Listed
$1,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2524 Price Drive, La Verne, CA 91750 (MLS# DW22093437) is a Multi-Family property that was sold at $1,297,000 on June 26, 2022. Want to learn more about 2524 Price Drive? Do you have questions about finding other Multi-Family real estate for sale in La Verne? You can browse all La Verne real estate or contact a Coldwell Banker agent to request more information.