2530 Magnolia Avenue, La Verne, CA 91750
Single-family home
Sold March 2025
Listing Agent: Fenping Wang (DRE #01746848) · Listing Office: Vantage Capital Inc. · Contact: 626-905-2526 · Bought with: Jack Pang · Resource Real Estate Services · MLS #CV25036100 · Source: CRMLS
About this single-family home
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!!!
Listing description from the March 2025 sale, as reported to CRMLS.
Sale history