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Sold for $1,800,000
    • Listed by: Vantage Capital Inc. • Fenping Wang • Contact: 626-905-2526
    Bought with: Resource Real Estate Services
    $1,800,000

    2530 Magnolia Ave, La Verne, CA 91750

    8beds
    3,607sqft
    Single Family Residence
    Built in 1948
    0.29 Acres Lot
    $1,775,300 Zestimate®
    $499/sqft
    $4,169 Estimated rent

    Home value

    $1,775,300

    $1.60M - $1.97M

    $4,169/mo

    Zestimate® history
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    What's special

    Great Investment Opportunity in La Verne , the return CAP rate is over 5%, The newly built property offers 8 bedrooms, 8.5 bathrooms, and is divided into three separate units. One unit is 3 beds, 3 baths , monthly rent is $3200, One unit is 2 beds and 2 baths , monthly rent is $2500, One unit is 3 beds and 3.5 baths, market monthly rent is about $4300, total monthly rent is about $10,000.00, very low property Tax with NO HOA fee. It is great location with privacy Corner Lot, minutes walk to Park, close to an award-winning elementary school and Bonita Unified high School ,baseball fields, the University of La Verne, and the charming downtown area. There are many parking spaces besides 2 car garage , at least for 8 cars. There's also an extra-long driveway perfect for RV parking. The newly upgraded fence and courtyard feature concrete pavers and artificial turf with less maintenance. A few blocks away from Hillcrest Retirement Community offering club house, indoor swimming pool and more at very low cost. It is your DREAM HOUSE WITH GREAT INCOME!!!

    Zillow last checked:

    Listing updated:

    Listed by:

    Fenping Wang DRE #01746848 626-905-2526,

    Vantage Capital Inc.

    Bought with:

    Jack Pang, DRE #01719159

    Resource Real Estate Services

    Source: CRMLS,MLS#: CV25036100MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    • Full bathrooms: 8
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Rooms
    • Room types: Bedroom
    Bedroom
    • Features: All Bedrooms Down
    Heating
    • Electric
    Cooling
    • Electric, Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • All Bedrooms Down
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 3,607 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Has view: Yes
    • View description: Courtyard
    Lot
    • Size: 0.29 Acres
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 8381013028
    • Zoning: LVPR45D*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1948

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Park, Sidewalks
    Location
    • Region: La Verne

    Financial & listing details

    • Price per square foot: $499/sqft
    • Tax assessed value: $934,411
    • Annual tax amount: $9,433
    • Date on market: 2/18/2025
    • Cumulative days on market: 126 days
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    6/27/2025Listing removed$3,900$1/sqft
    Source: Zillow Rentals Report a problem
    6/2/2025Price change$3,900-4.9%$1/sqft
    Source: Zillow Rentals Report a problem
    5/27/2025Price change$4,100+36.7%$1/sqft
    Source: Zillow Rentals Report a problem
    3/13/2025Sold$1,800,000+0.6%$499/sqft
    Source: CRMLS #CV25036100 Report a problem
    2/18/2025Listed for sale$1,789,000+459.1%$496/sqft
    Source: CRMLS #CV25036100 Report a problem
    12/2/2022Price change$3,000-11.8%$1/sqft
    Source: RE/MAX International #RS22246419 Report a problem
    11/26/2022Listed for rent$3,400+30.8%$1/sqft
    Source: RE/MAX International #RS22246419 Report a problem
    8/30/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    8/26/2022Price change$2,600-13.3%$1/sqft
    Source: Zillow Rental Manager Report a problem
    8/6/2022Listed for rent$3,000$1/sqft
    Source: Zillow Rental Manager Report a problem
    5/30/2003Sold$320,000$89/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,433 +4.9%$934,411 +2%
    2024$8,992 +1.7%$916,090 +2%
    2023$8,839 +3.8%$898,128 +122%
    2022$8,513 +162.6%$404,532 +2%
    2021$3,242 +0.4%$396,601 +1%
    2020$3,229 $392,536 +2%
    2019$3,229 +39.7%$384,840 +2%
    2018$2,311 $377,295 +2%
    2017$2,311 -47.4%$369,898 +2%
    2016$4,390 +2%$362,646 +1.5%
    2015$4,304 +2.7%$357,200 +2%
    2014$4,192 $350,204 +11.1%
    2012-- $315,300 -12.8%
    2011-- $361,744 +0.8%
    2010-- $359,042 -0.2%
    2009-- $359,896 +2%
    2008-- $352,840 +2%
    2007-- $345,923 +2%
    2006-- $339,141
    2005-- $339,141 +4%
    2004-- $325,973 +96.6%
    2003-- $165,837 +2%
    2002-- $162,586 +4%
    2000-- $156,274
    Find assessor info on the county website

    Neighborhood: Lordsburg

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    Estimated market value
    $1,775,300
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    Estimated market value
    $1,775,300

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