
La Verne, California 91750
This Historic Residential Income Property is a Strong Value Opportunity, listed at $1,675,000—positioned slightly above the $1,642,142 Fair Market Value. While the price reflects its premium location, the property offers significant revenue potential through its renovated main home, detached apartment, and flexible studio space. With an Excellent Condition Rating following a 2026 renovation, this asset features a new roof and modern upgrades. Located in the Bonita Unified School District near top-rated schools, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2382 Bonita Avenue Subject | $1,675,000* List Price | 5 | 3 | 2,697 | $609 | - |
A 2302 8th Active | $1,599,999 List Price | 6 | 3 | 2,977 | $537 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1911, the property was comprehensively renovated in 2026. Updates include a brand-new roof on both the main house and garage, refinished hardwood flooring, fresh interior paint, and updated kitchen/bath surfaces. The recent completion of these works within the last year qualifies it for the excellent rating.
Elementary School: J. Marion Roynon Elementary School (9/10). High School: Bonita High School (9/10).
This multi-unit property features a renovated main home, a 636 sqft apartment over the garage, and a converted studio space, offering multiple revenue streams or flexible multi-generational living options.
Situated in the heart of historic downtown La Verne, the property is walking distance to the University of La Verne and benefits from top-tier public schools with ratings as high as 9/10.
With a list price of $1,675,000, the property represents a significant capital investment that may challenge traditional cap rate expectations for residential income investors in this market.
Despite recent renovations, the 1911 construction date implies potential long-term maintenance requirements inherent to century-old foundations and systems that may not have been fully modernized.
Prime location in the historic and beautiful downtown La Verne. Large family home with additional potential for rental income. Property is located close to the University of La Verne and highly rated public schools. This historic home was beautifully renovated this year, which included a complete new roof on the home and original garage. The pictures speak a 1000 words. Starting with a beautifully 2061 square foot home built in 1911, with a full basement not included in the square footage, but can be viewed in the pictures. The original 350 square foot garage was enclosed years ago and has been rented many times. This includes an entrance on the street side as well as the rear yard and includes a full bath. Approxsimately 15 years ago, a 3 carage garage was added with an additional 350 square feet added in front of the 3 parking spaces but walled off. This space includes plumbing, gas, electrical and hot and cold water. The spacious 636 square feet, 1 bedroom appartment built over the garage and additional space, includes a balcony overlooking the side street the current 4th of July parade travels. There are two large sheds on the property, with one having a garage roll-up door. This property is over 10,000 square feet and the placement of the exiting buildings could provides additional opportunities. The property seems spacious and open.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,697 | 3,756 |
| Lot Size | 10,489 | 7,511 |
| Price | $1.68M | $1.11M |
| Price per sq ft | $621 | $488 |
| Built year | 1911 | 1964 |
| HOA | $0 | $0 |
| Days on market | 7 | 55 |
Jul 15, 2026
$1,675,000
Initial Listing