
La Verne, California 91750
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,198,000—positioned well below the $1,243,332 Fair Market Value by 3%. This valuation gap offers $45,332 in Instant Equity for the savvy buyer. Featuring a Fair Condition Rating, the property offers immediate value-add potential through cosmetic modernization. With a strong unit mix, dedicated two-car garages, and in-unit laundry, this is a stable, income-producing asset ideal for Buy-and-Hold Investors or Value-Add Developers seeking a foothold in the San Gabriel Valley.
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 | $331 | - |
A 2580 Hayes Sold | $1,260,000 | 0 | 0 | 3,756 | $335 | 0.1 mi |
B 3502 Towne Center Dr. Pending | $1,297,000 List Price | 0 | 0 | 3,916 | $331 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this triplex is functional but dated. While it features some updates like a 2-year-old partial roof and newer kitchen countertops, the interiors show popcorn ceilings, older oak cabinetry, wall-mounted A/C units, and worn carpeting. The property is well-maintained for its age but requires cosmetic and system 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.
The property is 100% occupied with all tenants on month-to-month agreements, offering an investor the immediate flexibility to adjust rents to market rates or renovate units upon turnover.
Positioned near the University of La Verne, top-rated schools, and major retail hubs, the property benefits from a high-demand rental market and excellent proximity to the 210, 57, and 10 freeways.
The reliance on in-wall A/C units and wall heaters rather than modern central climate control may be a drawback for premium renters and impact overall energy efficiency.
With a high building-to-lot ratio to accommodate the three double garages, the shared courtyard is the only common area, offering minimal private outdoor space for tenants.
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