$600,000
$700,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
7,104 Sqft Lot
SOLD DATE : 08/03/2023
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23118961
Sold Date 08/03/23
HOA Y/N No
Year Built 1954
Lot Size 7,104 Sqft
Property Description
Dreams come true for the investor in this detached duplex at 2118 and 2120 5th Street, La Verne. The city is located in the foothills of the San Gabriel Mountains. It presents an incredible investment opportunity, with an excellent option in the ever-growing real estate market. It has a small-town feel with BIG time access to the greater LA Area and the Metro Line Station (coming in 2025) and on the other side of Downtown. The duplex is a detached testament to modern architectural design & functionality. With its contemporary appeal and attention to detail, this property boasts a stunning curb appeal that immediately catches the eye of potential buyers and tenants alike with its low-scape landscaping. Each unit has been meticulously crafted to maximize space utilization & comfortable living conditions. The open floor plan seamlessly integrates the living, bathroom, laundry, and kitchen areas, creating a spacious and inviting atmosphere for residents. Both units feature kitchen appliances that are considered the current tenants. The ample storage space allows them to indulge in their culinary aspirations. The bedrooms provide a private sanctuary for the utmost comfort & relaxation. It also features inside laundry, two car garages, separated for each one to have a secluded spot, and two carports outside parking areas, a total of 4 parking spaces currently assigned. Also note that each has its gas, electric meter, and water heater. Situated in the desirable location of La Verne, this duplex benefits from its proximity to various amenities & attractions. Ease of access to shopping centers, restaurants, schools, and recreational facilities, making it an enticing choice for potential tenants & owner-operators. The demand for rental properties in the area is consistently high, and with the growing population, there is a stable pool of prospective tenants seeking comfortable and stylish accommodations. In addition to the property's attractive features, the impersonal nature of this duplex ensures privacy and individuality for each unit, further adding to its appeal, which enhances the overall marketability and rental potential. Overall, 2118 and 2120 5th Street represents a remarkable opportunity for astute investors looking to make substantial returns in the market. With its contemporary design, prime location, and strong rental potential, this detached duplex is a testament to wise investment decisions. So make us an offer we can't refuse.
Location
State CA
County Los Angeles
Area 684 - La Verne
Zoning LVPR15A*
Interior
Fireplace No
Laundry Inside
Exterior
Garage Assigned, Door-Multi, Driveway, Garage, Garage Faces Rear, One Space
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard, Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 8377003006
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with Annette Segura • Quality Home Realty