GREAT OPPORTUNITY TO OWN A QUADPLEX INCOME PROPERTY IN LA VERNE. Tremendous upside as all units are currently rented under market rents! The units consist of one 2 bedroom/1 bathroom unit currently renting for $1,339 per month, (market rent approx. $1,800). Three 1 bedroom/1 bathroom units currently renting for $1,498, $1,250 and $1,129 (market rent approx. $1,575 each). All units have central heating and air, there are 4 covered carports plus a single garage usually rented for an extra fee. Estimated cap rate with market rents would be 5.3%. Also, the laundry makes approx. $110 per month and the single car garage rents for an additional $100 per month which together bring in an extra $2,520 per year.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
