We are 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.
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.
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
15,932 sq. ft.1,480 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1971
(Age: 55)
General Listing Location:
La Verne, 684 - La Verne
County Or Parish:
Los Angeles
Common Interest:
Community Apartment
Gross Income:
$171,396
Gross Scheduled Income:
$171,396
Net Operating Income:
$102,920
Cap Rate %:
4.29
Rent Control:
No
Total Actual Rent:
$171,396
Association Fee:
$0
Land Lease:
No
Electric Expense:
$1,000
Fuel Expense:
$0
Gardener expense:
1680.0
Insurance Expense:
$6,000
Maintenance Expense:
$6,000
Taxes expense:
29432.0
Operating Expense:
$63,335
Other Expense:
$1,600
Professional Management Expense:
$6,650
Trash Expense:
$5,486
Water and Sewer Expense:
$5,486
Vacancy Allowance:
$5,142
Tax Lot:
18
Tax Block:
3
Merge onto I-10 W, Take exit 46 for Towne Ave, Turn right onto N Towne Ave, Turn left onto E La Verne Ave, Turn left onto W Arrow Hwy, Turn right onto N White Ave, Turn left onto Bonita Ave, Turn right onto B St, Turn right onto 12th St, Turn left