N. Tustin - John Lewis
1/43
Listed By: Vantage Capital Inc., 626-905-2526, Fenping Wang
Listing Sold By: Resource Real Estate Services
Local Realty Services Provided By: KW College Park
Overview
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$1,800,000
2530 Magnolia Avenue, La Verne, CA 91750
8 Beds
8 Baths
3,607 sq ft
.29 ac
$1,800,000

2530 Magnolia Avenue, La Verne, CA 91750

Estimation provided by Keller Williams Realty Inc.
8 Beds
8 Baths
3,607 sq ft
.29 ac
Closed
Sold

Property Description

Great Investment Opportunity in La Verne , the return CAP rate is over 5%, The newly built property offers 8 bedrooms, 8.5 bathrooms, and is divided into three separate units. One unit is 3 beds, 3 baths , monthly rent is $3200, One unit is 2 beds and 2 baths , monthly rent is $2500, One unit is 3 beds and 3.5 baths, market monthly rent is about $4300, total monthly rent is about $10,000.00, very low property Tax with NO HOA fee. It is great location with privacy Corner Lot, minutes walk to Park, close to an award-winning elementary school and Bonita Unified high School ,baseball fields, the University of La Verne, and the charming downtown area. There are many parking spaces besides 2 car garage , at least for 8 cars. There's also an extra-long driveway perfect for RV parking. The newly upgraded fence and courtyard feature concrete pavers and artificial turf with less maintenance. A few blocks away from Hillcrest Retirement Community offering club house, indoor swimming pool and more at very low cost.

It is your DREAM HOUSE WITH GREAT INCOME!!!

Property Details

Compare This Home
Overview
Property Type
Single Family Residence
Property Size
3,607 sq ft
Year Built
1948
Days on Site
40 Days
HVAC
Wall/Window Unit(s), Electric
Parking
2 Parking Spaces
Keller Williams N Tustin
Keller Williams N Tustin
01998787

Activity History

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Purchase Price: $1,800,000
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Price & Tax History

Date
Event
Price
02/18/2025
Listed
$1,789,000
(+459.06%)
04/01/2003
Sold
$320,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$8,839
(+166.91%)
$404,532
Land 283,971 + Additions 614,157
2022
$3,311
(+2.15%)
$396,601
Land 272,945 + Additions 123,656
2021
$3,242
(+29.02%)
$396,601
Land 272,945 + Additions 123,656
2019
$2,513
(-42.76%)
$392,536
Land 270,147 + Additions 122,389
2017
$4,390
$377,295
Land 254,566 + Additions 115,332
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
Keller Williams N Tustin
Keller Williams N Tustin
01998787

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