$600,000
SOLD AUG 3, 2023
4 Beds
2 Baths
1,624 Sq Ft
7,105 Sq Ft Lot

Recently Sold

$369 Per Sq Ft

14% Below List Price

7 Days on Market

Highlights

  • Laundry Room
  • 2 Car Garage
  • Back Yard
  • J. Marion Roynon Elementary School Rated A-
  • Level Lot
  • 1-Story Property

About This Home

As of August 2023

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.

Last Agent to Sell the Property

Lori Alvarez

REAL ESTATE RESOLVED License #01794115 Listed on: 07/03/2023

Last Buyer's Agent

Annette Segura

Quality Home Realty License #01271442

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,276

Year Built

  • Built in 1954

Lot Details

  • 7,105 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Back Yard

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Driveway
  • Parking Lot
  • Assigned Parking

Home Design

  • Duplex

Interior Spaces

  • 1,624 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 17 / 38
  • Tax Tract Number 1602
  • Assessor Parcel Number 8377003006
  • $564 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Net Operating Income $2,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,276

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 350000
  • Property Attached: No
  • Zoning: LVPR15A*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8377003006
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: ground
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 369.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage, Garage Faces Rear, Garage - Two Door, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lot 6500-9999, Level
  • Lot Size Sq Ft: 7105.00
  • Lot Size Acres: 0.1631

Multi Family

  • Gross Scheduled Income: 2950.00
  • Lot Size Area: 7105.0000 Square Feet
  • Net Operating Income: 2950.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2950.00
  • Rent Control: No

Tax Info

  • Tax Block: 38
  • Tax Census Tract: 4016.02
  • Tax Lot: 17
  • Tax Tract Number: 1602
  • TaxOtherAnnualAssessmentAmount: 564.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2023
Closed on
Jul 15, 2023
Sold by
Gardner Family Trust
Bought by
Dm Property Management Llc
Seller's Agent
Lori Alvarez
REAL ESTATE RESOLVED
Buyer's Agent
Annette Segura
Quality Home Realty
List Price
$700,000
Sold Price
$600,000
Premium/Discount to List
-$100,000
-14.29%
Views
110
Current Estimated Value
$819,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,384
Avg. Annual Appreciation
17.04%

Purchase Details

Closed on
Sep 9, 1999
Sold by
Gardner Dallas and Gardner Sondra
Bought by
Gardner Dallas J and Gardner Sondra E
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $600,000 First American Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $210,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $600,000 -14.3% $369 / Sq Ft
07/10/2023 07/10/23 Pending -- -- --
07/03/2023 07/03/23 For Sale $700,000 -- $431 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,276 $612,000 $510,000 $102,000
2024 $7,276 $600,000 $500,000 $100,000
2023 $1,638 $95,422 $16,398 $79,024
2022 $1,608 $93,552 $16,077 $77,475
2021 $1,568 $91,718 $15,762 $75,956
2020 $1,550 $90,779 $15,601 $75,178
2019 $1,539 $89,000 $15,296 $73,704
2018 $1,395 $87,256 $14,997 $72,259
2016 $1,331 $83,869 $14,415 $69,454
2015 $1,313 $82,610 $14,199 $68,411
2014 $1,315 $80,992 $13,921 $67,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23118961

California Regional Multiple Listing Service (CRMLS)

APN: 8377-003-006