$1,556,501*
●
Multifamily -
Off Market
1951 Evergreen Street
La Verne, CA 91750
Studio
0 Bath
$1,245,000 - $1,521,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1965
Price History
Property Highlights
Air Conditioning
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
07/12/2020
|
|
Studio
|
-
|
-
|
$1,383,000
Studio
-
|
$1,383,000
11/10/2020
|
KEVIN WANG
|