2530 Magnolia Avenue
La Verne, CA 91750
- 8 beds
- 8 baths
- 3,607 sqft
- 12,468 sqft lot
- $495 per sqft
- 1948 build
- – on site
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!!!
Last checked:
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Last updated Feb 19, 2025
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MLS# CV25036100 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1948
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Year Built Source:Estimated
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New Construction:No
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Total Number Of Units:1
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Structure Type:House
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Stories Total:1
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Entry Level:1
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Common Walls:No Common Walls
Interior
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Levels:One
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Entry Location:1
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Room Type:All Bedrooms Down
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:Common Area
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Laundry:1
Room Dimensions
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Living Area:3607.00
Location
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Directions:Bonita Ave and Wheeler Ave
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Latitude:34.10518800
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Longitude:-117.77801300
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:LVPR45D*
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Lot Features:0-1 Unit/Acre
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Lot Size Area:12468.0000
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Lot Size Acres:0.2862
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Lot Size SqFt:12468.00
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Lot Size Source:Assessor
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View:1
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View:Courtyard
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:4089.00
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Tax Tract:600-F2
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Tax Lot:7
Beds
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Total Bedrooms:8
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Main Level Bedrooms:1
Baths
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Total Baths:8
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Full & Three Quarter Baths:8
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Main Level Baths:1
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Full Baths:8
The Listing
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Special Listing Conditions:Standard
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Parcel Number:8381013028
Heating & Cooling
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Heating:1
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Heating:Electric
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Cooling:Yes
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Cooling:Electric, Wall/Window Unit(s)
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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High School District:Bonita Unified
The Community
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Features:Park, Sidewalks
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:No
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Assessments:None
Parking
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Parking Spaces:2.00
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Attached Garage:Yes
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Garage Spaces:2.00
Monthly cost estimate
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Asking price
$1,789,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$9,579
|
Taxes | N/A |
Insurance | $491 |
Utilities | $229 See report |
Total | $10,299/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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2/18/25
Feb 18, 2025
|
Listed / Active | CRMLS_CA | $1,789,000 | |
12/16/22
Dec 16, 2022
|
Sold | BRIDGE |