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    2331 Pattiglen Avenue

    La Verne, CA 91750
    • $1,199,800
    • STATUS: Active
    • ON SITE: 71 days
    • ID#: CV21042179
    UPDATED: 63 min ago
    $1,199,800
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,264
      SQFT
    • $368
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    GREAT OPPORTUNITY TO OWN A QUADPLEX INCOME PROPERTY IN LA VERNE. Tremendous upside as all units are currently rented under market rents! The units consist of one 2 bedroom/1 bathroom unit currently renting for $1,339 per month, (market rent approx. $1,800). Three 1 bedroom/1 bathroom units currently renting for $1,498, $1,250 and $1,129 (market rent approx. $1,575 each). All units have central heating and air, there are 4 covered carports plus a single garage usually rented for an extra fee. Estimated cap rate with market rents would be 5.3%. Also, the laundry makes approx. $110 per month and the single car garage rents for an additional $100 per month which together bring in an extra $2,520 per year.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T17:39:28.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/114657370
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    2331 Pattiglen Avenue La Verne, CA 91750

    • Price: $1,199,800
    • Status: Active
    • Updated: 63 min ago
    • ID#: CV21042179
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,264
    SQFT
    $368
    $/SQFT
    1965
    Built
    Neighborhood:
    684 - La Verne
    County:
    Los Angeles
    Area:
    684 - La Verne
    Property Description
    GREAT OPPORTUNITY TO OWN A QUADPLEX INCOME PROPERTY IN LA VERNE. Tremendous upside as all units are currently rented under market rents! The units consist of one 2 bedroom/1 bathroom unit currently renting for $1,339 per month, (market rent approx. $1,800). Three 1 bedroom/1 bathroom units currently renting for $1,498, $1,250 and $1,129 (market rent approx. $1,575 each). All units have central heating and air, there are 4 covered carports plus a single garage usually rented for an extra fee. Estimated cap rate with market rents would be 5.3%. Also, the laundry makes approx. $110 per month and the single car garage rents for an additional $100 per month which together bring in an extra $2,520 per year.
    Exterior Features

    Carport Spaces 4 Carport YN Yes Construction Materials DrywallStucco Foundation Details Slab Lot Features LawnLandscapedSprinkler System Number Of Separate Electric Meters 4 Parking Features CarportDoor-SingleGarage Parking Total 5 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Roof Composition Spa Features None Spa YN No

    Interior Features

    Common Walls No Common Walls Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.3 Common Interest None Community Features Street LightsSidewalks Fuel Expense 0 Garage YN Yes Gross Income 63917 Gross Scheduled Income 80820 Insurance Expense 1354 Land Lease YN No Laundry Features Common AreaSee Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan1031 ExchangeSubmit Net Operating Income 80820 New Construction YN No New Taxes Expense 14997 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 19423 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 62592 Trash Expense 780 Water Sewer Expense 1332 Water Source Public Zoning Lvpr10a*

    Listing provided courtesy of Nicholas Abbadessa of Re/Max Masters Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T17:39:28.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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