2524 Price Dr, La Verne, CA 91750

Property Description

Investors line up and be prepared to write your cash offers ASAP! We have a fantastic asset for sale, it’s the pride and joy of La Verne, CA! Very close to the University of La Verne (3 minutes away) ! Up for sale is a triplex, first time in 20+ years! This gorgeous 3 unit complex holds extra large units, featuring a 3/2 (~1,518 sq.ft), two 2/2(~1,218 sq.ft), with a total square footage of 3,756. Excellent to finish off as LUXURY UNITS. Great Turn-Key Investment with Excellent ROI Potential. With the ability to build more ADU's on the 6,766 sq.ft. Very clean complex, extremely well maintained. That’s $431,667 per unit. Find a 2 or 3 bedroom house that is cheaper than $432,000 in this market! Good luck! it does not exist! Far lower than replacement cost, with the potential room to build additional ADU’s. Lot's of upgrades: Converted carports into garages with doors and door openers, replaced all water/wall heaters, AC wall units (added additional AC units too), ceiling fans (and added additional ones), replaced wall heaters, replaced dishwashers; washers and dryers (stacked in the kitchen area)- tenants love this feature! Replaced all kitchen countertops, sinks, and replaced ranges in kitchen (all units). All bathrooms have been upgraded- new toilets, upgraded some of the bath tubs too. There's a new water main drain with copper piping. Painted Exterior, new security screen doors, the list of upgrades doesn't stop. Fantastic property for sale- with excellent cash flow potential. The property is in 8.9 / 10 condition. Priced to sell!!! This is the lowest price per square foot and price per door in this market. Ton’s of value to be had. Finish off to luxury units, and increase your cash flow today. But wait there's more! We are also representing the seller on an exact triplex across the street; please see 2531 Price Dr. La Verne. It’s also priced to sell at $1.295M. Buy one triplex or buy both triplexes for $2.590M. Both properties are significantly under market rents! Owners is retiring making this a perfect long-term investment. Buy all cash then cash out. Other comps in the area are trading for $490-$499K per unit. Property is being sold-AS IS and price reflects discount for any small or mid size repairs. Buyers/Buyers Agent to satisfy all features, build type, and actual sq.ft, etc. seller and sellers agent are not responsible for satisfying this information.