2524 Price Drive
Description
Units: 3 total – 1 x 3-bed, 2-bath and 2 x 2-bed, 2-bath. Total...Great Opportunity in a Desirable Location – Price Reduced! This tri-plex in La Verne is a rare find in a highly sought-after area, close to the University and Downtown La Verne. Properties like this rarely come on the market for sale or rent, and now is your chance to secure a prime investment at a newly reduced price. Whether you're looking for immediate returns or long-term growth potential, this property offers both. Property Overview:
Units: 3 total – 1 x 3-bed, 2-bath and 2 x 2-bed, 2-bath. Total Rentable Space: 3,756 sq.ft. Lot Size: 6,766 sq.ft. Garages: Each unit includes a 2-car garage. Features: Each unit comes with a washer/dryer and dishwasher. This property is a turn-key investment, but it's being sold as-is, offering an exciting opportunity for the buyer to make their own improvements or add value. Financial Highlights:
2025 Rent Roll: $73,596 annually. ProForma Rent: $86,340 annually (potential increase with market adjustments).
2024 Expenses: $9,950 (including gardener, water, trash, and insurance). Investment Opportunity:
The 6,766 sq.ft. lot offers substantial upside potential with the ability to add ADUs (Accessory Dwelling Units), increasing rental income and overall cash flow. The location continues to see strong rental demand, positioning this property for both immediate returns and long-term appreciation. Important: Buyers and agents are reminded that current tenants must not be disturbed. All showings must be scheduled appropriately, and any inquiries should be directed to the listing agent. Buyers should be aware that the property is being sold as-is, so while it's a fantastic investment opportunity, there may be room for cosmetic updates or value enhancements. Buyers and their agents are to verify all details, including square footage and any build options for potential ADUs. Don’t miss this chance to own a high-performing asset in a thriving market at a reduced price!
- Listed by Mark Perone • DRE #02218386 • Brokerage DRE #02186112 • BR REAL ESTATE, INC. • 626-926-0777
Property Details for 2524 Price Drive
Property Details for 2524 Price Drive
| Status | Active |
|---|---|
| MLS # | CV24248616 |
| Days on Market | 88 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1964 |
| Lot Size | 0.16 AC / 6,768 SF |
| County | Los Angeles County |
Building Information for 2524 Price Drive
Property Information for 2524 Price Drive
- Tenant Pays: Cable TV, Electricity, Gas
- Gross Income: $0
- Gross Scheduled Income: $73,596
- Net Operating Income: $63,653
- Operating Expense: $9,943
- Gardener Expense: $1,800
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $1,960
- Trash Expense: $1,200
- Water Sewer Expense: $4,983
- Total Expenses: $9,943
- Tax Tract Number: 27461
- Tax Census Tract: 4016.02
- CFD/Mello-Roos Fee: $920
- Tax Lot: 3
- Assessments YN: No
- Assessments: None
- Community Features: Curbs, Sidewalks
- Appliances: Built-In Range, Dishwasher
- Equipment: Dishwasher, Inside
- Laundry: Yes
- Laundry Features: Inside
- Cooling: Wall/Window Unit(s)
- Heating Type: Wall
- Heating: Wall Furnace
- Entry Location: first
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 2-5 Units/Acre
- Number Of Units: 3
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Utilities: Cable Connected, Phone Available, See Remarks, Underground Utilities, Water Available
- Electric: 220 Volts in Kitchen
- Water Source: Public
- Garage Spaces: 3
- Parking: Yes
- Parking Garage: Direct Entrance, Garage
- Parking Garage Spaces: 3
- Carport Spaces: 0
- Parking Features: Direct Garage Access, Garage, Garage Faces Rear
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,280
- Unit Type Total Rent: $2,280
- Unit Type Pro Forma: 2595
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,853
- Unit Type Total Rent: $1,853
- Unit Type Pro Forma: 2300
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2300
- Unit Type Type: 3
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 3
- Number Of Separate Water Meters: 1
Property History for 2524 Price Drive
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2524 Price Drive
Schools near 2524 Price Drive
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
J. Marion Roynon Elementary School PublicK to 5 | ||
Ramona Middle School Public6 to 8 | ||
Bonita High School Public9 to 12 | ||
Chaparral High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of BR REAL ESTATE, INC., Mark Perone, DRE #02218386
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.