
La Verne, California 91750
This triplex presents a Prime Investment Opportunity with a List Price of $1,198,000—positioned well below the $1,232,369 Fair Market Value by 2%. This valuation gap offers $34,369 in Instant Equity for the savvy buyer. Featuring a Fair Condition Rating, the property offers immediate cash flow with 100% occupancy and rare dedicated two-car garages for each unit. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or Value-Add Investors seeking to modernize interiors and maximize rental yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2524 Price Subject | $1,198,000* List Price | 0 | 0 | 3,756 | $328 | - |
A 3502 Towne Center Dr. Sold | $1,225,000 | 0 | 0 | 3,916 | $313 | 0.0 mi |
B 2506 Hayes Drive Sold | $1,249,800 | 0 | 0 | 3,756 | $333 | 0.1 mi |
C 2580 Hayes Sold | $1,260,000 | 0 | 0 | 3,756 | $335 | 0.1 mi |
D 2465 D Street Active | $1,025,000 List Price | 5 | 5 | 2,646 | $387 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this 60-year-old triplex is functional but dated. While it features some updates like a 2-year-old partial roof and newer water heaters, the interiors show significant age with popcorn ceilings, original-style cabinetry, and older wall-mounted HVAC units. The kitchens and baths have had minor surface updates but generally require modernization to meet current market standards.
Each unit includes a dedicated two-car garage and in-unit laundry hookups, rare and highly desirable features for multifamily assets that drive tenant retention and premium rents.
Positioned in a high-demand foothill community near the University of La Verne and major freeways, ensuring a consistent pool of student and professional renters.
The property is 100% occupied with month-to-month leases, providing immediate income while offering the flexibility to adjust rents to market rates and maximize ROI.
The reliance on in-wall A/C units and wall heaters rather than central HVAC may limit the property's appeal to modern tenants and impact long-term energy efficiency.
The current list price is significantly lower than the 2022 sale price of $1.297M, which may indicate market sensitivity or the need for further capital improvements.
2524 Price Dr presents a rare opportunity to acquire a fully occupied triplex in La Verne, one of the San Gabriel Valley’s desirable foothill communities. The property features a strong unit mix consisting of one 3-bedroom/2-bath unit and two 2-bedroom/2-bath units, with approximately 3,756 square feet of building area situated on a 6,768-square-foot lot. Each unit includes its own in-unit washer/dryer and dedicated two-car garage, offering a strong tenant amenity rarely found in similar multifamily assets. The property is currently 100% occupied, with all tenancies month-to-month. Additional features include two downstairs units, one upstairs unit, a shared courtyard/common area, updated water heaters and wall heaters, in-wall A/C units, ceiling fans, and prior unit updates, including kitchen countertops, sinks, appliances, and select bathroom improvements. A partial upper-story roof replacement was completed approximately two years ago. Well-positioned near key La Verne amenities, the property is approximately one mile from the University of La Verne and within close proximity to Bonita High School, La Verne Sports Park, Trader Joe’s, Target, nearby restaurants, and convenient access to the 210, 57, and 10 freeways. With current income in place, potential rent upside, and a desirable unit mix with dedicated garage parking, 2524 Price Dr offers investors a compelling multifamily opportunity in a strong San Gabriel Valley rental market
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,756 | 3,836 |
| Lot Size | 6,768 | 8,336 |
| Price | $1.20M | $1.15M |
| Price per sq ft | $319 | $429 |
| Built year | 1964 | 1964 |
| HOA | $0 | $0 |
| Days on market | 34 | 56 |
Aug 6, 2026
$1,198,000
Initial Listing
Jun 24, 2022
$1,297,000
Public Record
Aug 31, 2001
$265,000
Public Record