1951 Evergreen St, La Verne, CA 91750

Property Description

Excellent opportunity for an investment in the sought-after City of La Verne. This 4-plex is nicely maintained with newer windows & sliding glass doors on all units, a new roof on the garage was installed in 2017. Many major costly improvements have been completed, including a new roof on the entire building installed in 7/2019, new exterior fascia paint in 5/2018, two units with new air conditioning units installed in 8/2017, one is a ductless air conditioner, and new exterior cleanout drain installed in 1/2020. One unit has new waterproof vinyl tiles installed in 7/2018 with new blinds installed for the dining room, living room, kitchen and sliding doors in 6/2020. Individual electric and gas meters for each unit. A master water heater in the laundry room supplies hot water to all units. Additional income can be earned from coin-operated community laundry located on the premises. Each unit has a 1-car detached garage with the owner’s unit having a 2-car garage. Guaranteed income with current Section 8 Tenants in 2 of the units. Property is 100% occupied. Rents are below fair market. The property has great upside potential and offers the savvy investor the opportunity to add value by further improving the units and increasing rents. Ideally situated: Walk to Bonita High School, University of La Verne, Old Town La Verne; close proximity to schools, library, parks, restaurants, shopping & 210 Freeway. Drive-by only, please do not disturb tenants.