2524 Price Dr - Apartments FOR SALE


La Verne, CA 91750
$1,298,000 USD
626-250-8874
2524 Price Dr, La Verne, CA for Sale
$1,298,000 USD
Apartments - FOR SALE
1/26
null | 4.13% Cap Rate

2524 Price Dr
La Verne, CA 91750


HIGHLIGHTS

  • Consistent income profile with upside potential
  • Large unit mix with spacious floor plans
  • Walkable location near major retail and daily conveniences

OVERVIEW

2524 Price Dr presents a rare opportunity to acquire a fully occupied triplex in La Verne, one of the San Gabriel Valley’s desirable foothill communities. The property features a strong unit mix consisting of one 3-bedroom/2-bath unit and two 2-bedroom/2-bath units, with approximately 3,756 square feet of building area situated on a 6,768-square-foot lot. Each unit includes its own in-unit washer/dryer and dedicated two-car garage, offering a strong tenant amenity rarely found in similar multifamily assets. The property is currently 100% occupied, with all tenancies on a month-to-month basis, providing flexibility for a future owner. Additional features include two downstairs units, one upstairs unit, a shared courtyard/common area, updated water heaters and wall heaters, in-wall A/C units, ceiling fans, and prior unit updates, including kitchen countertops, sinks, appliances, and select bathroom improvements. A partial upper-story roof replacement was completed approximately two years ago. Well-positioned near key La Verne amenities, the property is approximately one mile from the University of La Verne and within close proximity to Bonita High School, La Verne Sports Park, Trader Joe’s, Target, nearby restaurants, and convenient access to the 210, 57, and 10 freeways. With current income in place, potential rent upside, and a desirable unit mix with dedicated garage parking, 2524 Price Dr offers investors a compelling multifamily opportunity in a strong San Gabriel Valley rental market

FOR SALE DETAILS

PRICE

$1,298,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

3

PRICE/UNIT

$432,667

CAP RATE

4.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,768 SF

ZONING

LVPR15A

APN/PARCEL ID

8370-039-003

ASK ABOUT THIS PROPERTY

Brandon CarlsonBR Real EstateMore Info
626-250-8874

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Brandon CarlsonBR Real EstateMore Info
626-250-8874

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