Rare opportunity to acquire a turn-key, pride-of-ownership 4-unit property in the highly desirable city of La Verne. This well-maintained asset has benefited from significant recent improvements, including a new main water line, new main sewer line, newer roof, copper plumbing, updated interiors, and fresh exterior paint, allowing a new owner to acquire a property where many of the major capital items have already been addressed.
The property features an excellent unit mix consisting of one 3-Bedroom/2-Bath unit and three 2-Bedroom/2-Bath units, offering oversized floor plans that appeal to tenants seeking larger, well-appointed living spaces. The building totals approximately 4,336 rentable square feet on a 7,733 sq. ft. lot, providing an average unit size of more than 1,000 square feet.
Residents enjoy an impressive collection of amenities including central air conditioning and heat, private patios or balconies, an onsite laundry facility, and carport parking with additional storage. These features, combined with the property's upgraded condition and spacious layouts, create an attractive rental community designed to support long-term tenant retention.
Ideally situated in a prime La Verne location near prestigious schools, restaurants, retail shopping, and everyday conveniences, this property offers investors a rare combination of turn-key condition, desirable unit sizes, substantial recent improvements, and long-term rental appeal in one of the San Gabriel Valley's most sought-after communities.
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
7,733 sq. ft.718 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1965
(Age: 61)
General Listing Location:
La Verne, 684 - La Verne
County Or Parish:
Los Angeles
Tenant Pays:
Electricity, Gas
Common Interest:
None
Gross Income:
$110,700
Gross Scheduled Income:
$110,700
Net Operating Income:
$77,276
Cap Rate %:
5.08
Rent Control:
Yes
Total Actual Rent:
$9,225
Association Fee:
$0
Land Lease:
No
Electric Expense:
$780
Fuel Expense:
$540
Insurance Expense:
$2,500
Maintenance Expense:
$3,000
Taxes expense:
18078.0
Operating Expense:
$31,267
Trash Expense:
$2,880
Water and Sewer Expense:
$2,880
Vacancy Allowance:
$3,357
Tax Lot:
2375
Tax Block:
002
South of Route 66. East of Wheeler Ave.
View:
None
Number of Buildings:
1
# of Electric Meters:
5
# of Gas Meters:
5
# of Water Meters:
1
# Units Leased:
4
Community Features:
Gutter(s), Sidewalks
Senior Community:
No
Laundry Features:
Common Area
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
0-1 Unit/Acre
Fireplace Features:
None
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
1
New Constr.:
No
Roof:
Shingle
Common Walls:
2+ Common Walls
# Units:
4
Heating:
Central
Fireplace:
No
Cooling:
Central Air
Utilities:
Electricity Available, Natural Gas Available, Sewer Available, Water Available