3401 Butterfield Ave - Apartments FOR SALE


La Verne, CA 91750
$2,400,000 USD
909-418-2071
3401 Butterfield Ave, La Verne, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/50
null | 4.29% Cap Rate

3401 Butterfield Ave
La Verne, CA 91750


HIGHLIGHTS

  • Well-Positioned 8-Unit La Verne Asset — Two connected fourplexes on separate parcels in the San Gabriel Valley generating a current CAP rate of 4.29%
  • A pro forma cap rate of 5.37% is achievable upon capturing the available 16% rental upside without major capital expenditure
  • Attractive Cost Basis — $300,000 per unit and approximately $381 per square foot
  • Updated Residences — Each unit features a fully equipped kitchen, wall air conditioning and heating, vertical blinds and security screen doors
  • Dual-Parcel Portfolio — The combined ±15,932 square-foot lot supports ±6,300 square feet averaging 788 square feet per unit
  • Ideal Unit Mix — Four 1-bedroom/1-bathroom and four 2-bedroom/ 1-bathroom units across two fourplex buildings serve a broad renter demographic

OVERVIEW

CBRE is pleased to exclusively present a well-positioned multifamily investment opportunity at 3401-3411 Butterfield Avenue in La Verne, California, offering stable in-place income in the highly desirable San Gabriel Valley submarket Comprising two adjacent fourplexes on two separate parcels, the property benefits from convenient access to the 10, 57 and 210 Freeways and is minutes from University of La Verne. At a going-in cost basis of $300,000 per unit, the property presents a current cap rate of 4.29% and a pro forma cap rate of 5.37%, reflecting 16% rental upside available to a new owner. The two buildings sit on a combined ±15,932 square-foot lot with a total building area of ±6,300 square feet, averaging 788 square feet per unit across a mix of four 1-bedroom/1-bathroom and four 2-bedroom/1-bathroom units. Each residence features a fully equipped kitchen, wall air conditioning and heating, vertical blinds and security screen doors. Located at the end of a quiet residential street near newer homes, the buildings feature mature landscaping, one garage per property, three covered carport parking spots and ample off-street parking. Situated approximately 30 miles east of Downtown Los Angeles, La Verne offers residents a suburban lifestyle with strong regional connectivity. The 10, 57 and 210 Freeways are all within easy reach, placing residents minutes from Pomona, Claremont and Pasadena. The nearby Claremont Metrolink station on the San Bernardino Line provides direct service to Los Angeles Union Station, and the new Metro L Line (Gold Line) Foothill Extension offers residents additional light rail connectivity throughout the San Gabriel Valley and into Downtown Los Angeles. The San Gabriel Valley benefits from a diverse and resilient employment base anchored by University of La Verne, Cal Poly Pomona, the Claremont Colleges, Pomona Valley Hospital Medical Center and San Antonio Regional Hospital. The Bonita Unified School District, which serves more than 10,000 students across 14 schools, further supports family-oriented demand, generating consistent renter demand from educators, healthcare professionals and students throughout the submarket. 3401-3411 Butterfield Avenue is a stable income-producing asset in the San Gabriel Valley, well-positioned for long-term growth and capital appreciation. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$762 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

4.29%

% 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

1971

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

15,932 SF

ZONING

-

APN/PARCEL ID

8375-031-017,8375-031-018

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

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