2524 Price, La Verne, California 91750, La Verne, 91750 - 0 bed, 0 bath
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La Verne, California 91750
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,298,000—positioned well below the $1,480,610 Fair Market Value by 12%. This valuation gap offers $182,610 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the property offers a stable Buy-and-Hold Asset with in-unit washer/dryer and dedicated two-car garages. With month-to-month tenancies and proximity to the University of La Verne, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors seeking immediate cash flow and long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2524 Price Subject | $1,298,000* List Price | 0 | 0 | 3,756 | $394 | - |
A 2356 Bonita Avenue Sold | $1,400,000 | 0 | 0 | 3,262 | $429 | 0.7 mi |
B 2580 Hayes Active Under Contract | $1,240,000 List Price | 0 | 0 | 3,756 | $330 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, the property is functional and well-maintained but significantly dated. While it features some updates like a partial new roof and newer water heaters, the interiors show popcorn ceilings, wall-mounted HVAC units, and kitchen/bath renovations that appear to be 20+ years old. It is move-in ready for tenants but requires modernization to meet current market standards.
The property offers a highly desirable unit mix featuring in-unit washer/dryer hookups and dedicated two-car garages for each unit, which are rare and valuable features for multifamily assets in this area.
With 100% occupancy on month-to-month leases, the property provides immediate cash flow while allowing a new owner the flexibility to adjust rents to market rates or perform renovations.
Located just one mile from the University of La Verne and near major retail hubs like Trader Joe’s and Target, the property is positioned in a high-demand rental pocket with excellent freeway access.
The reliance on wall-mounted A/C units and wall heaters rather than modern central HVAC systems may limit the property's appeal to premium tenants and impact energy efficiency.
Built in 1964, the property may require significant long-term capital expenditures for plumbing, electrical, or structural maintenance beyond the recent partial roof and water heater updates.
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 on a month-to-month basis, providing flexibility for a future owner. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,756 | 2,628 | 50% |
| Lot Size | 6,768 | 5,532 | 50% |
| Price | $1.30M | $1.13M | 50% |
| Price per sq ft | $346 | $493 | 50% |
| Built year | 1964 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 35 | 50% |
May 15, 2026
$1,298,000
Initial Listing
Jun 24, 2022
$1,297,000
Public Record
Aug 31, 2001
$265,000
Public Record