1960 Evergreen St - Apartments FOR SALE


La Verne, CA 91750
$1,595,000 USD
626-427-0786
1960 Evergreen St, La Verne, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/8
null | 4.84% Cap Rate

1960 Evergreen St
La Verne, CA 91750


HIGHLIGHTS

  • $1,595,000: TURN-KEY CONDITION!
  • Recent Improvements: New main water & sewer line, newer roof, copper plumbing, updated interiors and new exterior paint
  • Unit Mix: (1) 3-bed/2-bath & (3) 2-bed/2-bath units
  • 4,336 rental sq. ft. | 7,733 sq. ft. lot
  • Tenants Enjoy: Central AC/heat, private patios & balconies, onsite laundry & onsite carport parking with storage
  • Prime La Verne location near prestigious schools, restaurants & shopping

OVERVIEW

Kristopher German of The Apartment Dealer is pleased to offer a rare opportunity to acquire a turn-key, pride-of-ownership 4-unit property in the highly desirable city of La Verne. This well-maintained asset has benefited from significant recent improvements, including a new main water line, new main sewer line, newer roof, copper plumbing, updated interiors, and fresh exterior paint, allowing a new owner to acquire a property where many of the major capital items have already been addressed. The property features an excellent unit mix consisting of one 3-Bedroom/2-Bath unit and three 2-Bedroom/2-Bath units, offering oversized floor plans that appeal to tenants seeking larger, well-appointed living spaces. The building totals approximately 4,336 rentable square feet on a 7,733 sq. ft. lot, providing an average unit size of more than 1,000 square feet. Residents enjoy an impressive collection of amenities including central air conditioning and heat, private patios or balconies, an onsite laundry facility, and carport parking with additional storage. These features, combined with the property's upgraded condition and spacious layouts, create an attractive rental community designed to support long-term tenant retention. Ideally situated in a prime La Verne location near prestigious schools, restaurants, retail shopping, and everyday conveniences, this property offers investors a rare combination of turn-key condition, desirable unit sizes, substantial recent improvements, and long-term rental appeal in one of the San Gabriel Valley's most sought-after communities.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

4

PRICE/UNIT

$398,750

CAP RATE

4.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime La Verne location -TURN-KEY CONDITION!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,733 SF

ZONING

LVPR15A*

APN/PARCEL ID

8375-002-022

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.