Seller's Agent in 2023
Kay Eckert
LYONS & ASSOCIATES
(626) 331-0141
1 in this area
49 Total Sales
2267 3rd St La Verne, CA 91750
Old Town NeighborhoodEstimated Value: $1,073,327 - $1,429,000
8
Beds
5
Baths
3,133
Sq Ft
$388/Sq Ft
Est. Value
Highlights
- Stables
- Craftsman Architecture
- Cooling System Mounted To A Wall/Window
- J. Marion Roynon Elementary School Rated A-
- Double Pane Windows
- Laundry Room
About This Home
As of October 2023Welcome to this charming income property in the heart of La Verne, just a short walk away from the prestigious University of La Verne, delightful restaurants, and eclectic shops. This Vintage home has timeless appeal and offers an incredible investment opportunity with two units in the front house and three additional units (built approx. 1972) nestled at the rear of the property. The main house boasts classic architectural details. Stepping inside, you'll find upgraded dual-pane windows that flood the interior with natural light while keeping energy efficiency in mind. Two of the units are equipped with modern HVAC systems, ensuring optimal comfort year-round, while the remaining three units feature convenient window air conditioning units. A unique aspect of this property is the well-thought-out design that provides separate outdoor spaces for each unit, allowing tenants to enjoy privacy and a connection to the outdoors. The property has been well maintained, reflecting the pride of ownership. The income property also offers ample parking options with a four-car garage and a one additional parking space, a highly desirable feature for both tenants and potential investors. Perhaps the most appealing aspect of this property is its unbeatable location. Situated within walking distance to the University of La Verne, it presents a prime opportunity for student housing, attracting a consistent flow of potential renters. The convenience of nearby restaurants, shops, and amenities further enhances the property's appeal, promising a vibrant and dynamic lifestyle for tenants. This income property in La Verne offers an excellent opportunity to capitalize on its charm, strategic location, and potential for strong rental returns. Don't miss out on the chance to own a piece of real estate that harmonizes timeless craftsmanship with modern investment potential.
Last Agent to Sell the Property
LYONS & ASSOCIATES License #01186139 Listed on: 08/28/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,229
Year Built
- Built in 1924 | Remodeled
Lot Details
- 8,716 Sq Ft Lot
- Two or More Common Walls
- South Facing Home
- Vinyl Fence
- Block Wall Fence
- Sprinkler System
- Front Yard
Parking
- 1 Open Parking Space
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Craftsman Architecture
- Quadruplex
- Additions or Alterations
- Composition Roof
Interior Spaces
- 3,133 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Gas Range
- Laundry Room
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Wall Furnace
- Natural Gas Connected
- Water Heater
Additional Features
- Rain Gutters
- Stables
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 36 / 50
- Assessor Parcel Number 8377009021
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 5 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $960
- Insurance Expense $2,670
- Professional Management Expense $4,819
- Water Sewer Expense $3,930
- New Taxes Expense $16,250
- Operating Expense $28,329
- Gross Income $60,240
- Net Operating Income $31,911
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 28, 2023
Closed on
Sep 13, 2023
Sold by
Starns Trust
Bought by
2271 3Rd Street Llc
Seller's Agent
Kay Eckert
LYONS & ASSOCIATES
Buyer's Agent
Nick Abbadessa
RE/MAX MASTERS REALTY
List Price
$1,300,000
Sold Price
$1,000,000
Premium/Discount to List
-$300,000
-23.08%
Total Days on Market
2
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,582
Avg. Annual Appreciation
12.70%
Purchase Details
Closed on
Jan 26, 2011
Sold by
Starns Judy and Starns Trust
Bought by
Starns Judy and Starns Trust
Purchase Details
Closed on
Apr 30, 2003
Sold by
Starns Day B and Starns Judy H
Bought by
Starns Day B and Starns Judy H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
5.72%
Purchase Details
Closed on
Mar 21, 2003
Sold by
Starns Day B and Starns Judy H
Bought by
Starns Day B and Starns Judy H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
5.72%
Purchase Details
Closed on
Mar 20, 2000
Sold by
Starns Day B and Starns Judy H
Bought by
The Starns Trust
Purchase Details
Closed on
Jan 5, 2000
Sold by
Bignell Sharon R and Sharon R Bignell 1996 Trust
Bought by
Starns Day B and Starns Judy H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,600
Interest Rate
8.27%
Purchase Details
Closed on
Jul 28, 1998
Sold by
Bignell Sharon R
Bought by
Bignell Sharon R and The Sharon R Bignell 1996 Trus
Purchase Details
Closed on
Dec 10, 1997
Sold by
Bignell Sharon R and The Sharon R Bignell 1996 Trus
Bought by
Bignell Sharon R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,175
Interest Rate
7.06%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 22, 1997
Sold by
Bignell Sharon R
Bought by
Bignell Sharon R and The Sharon R Bignell 1996 Trus
Purchase Details
Closed on
Dec 19, 1996
Sold by
Bignell Sharon R and The Sharon R Bignell 1996 Trus
Bought by
Bignell Sharon R
Purchase Details
Closed on
Jul 16, 1996
Sold by
Bignell Sharon R
Bought by
Bignell Sharon R and The Sharon R Bignell 1996 Trus
Purchase Details
Closed on
Feb 11, 1996
Sold by
University Of La Verne
Bought by
Bignell Sharon R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,281
Interest Rate
6.99%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 2, 1994
Sold by
Mainiero Nancy M and Redman Margaret D
Bought by
University Of La Verne
Purchase Details
Closed on
Oct 5, 1993
Sold by
Maintero Nancy M and Maintero Ric A
Bought by
Maintero Nancy M and Redman Margaret D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.94%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2271 3Rd Street Llc | $1,000,000 | Fidelity National Title | |
| Starns Judy | -- | None Available | |
| Starns Day B | -- | -- | |
| Starns Day B | -- | Security Union | |
| The Starns Trust | -- | -- | |
| Starns Day B | $268,000 | Fidelity Title | |
| Bignell Sharon R | -- | -- | |
| Bignell Sharon R | -- | Orange Coast Title | |
| Bignell Sharon R | -- | -- | |
| Bignell Sharon R | -- | -- | |
| Bignell Sharon R | -- | -- | |
| Bignell Sharon R | $250,000 | Chicago Title | |
| University Of La Verne | -- | -- | |
| Mainiero Nancy M | -- | -- | |
| Maintero Nancy M | -- | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Starns Day B | $186,000 | |
| Previous Owner | Starns Day B | $187,600 | |
| Previous Owner | Starns Day B | $187,600 | |
| Previous Owner | Bignell Sharon R | $235,175 | |
| Previous Owner | Bignell Sharon R | $217,281 | |
| Previous Owner | Maintero Nancy M | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/18/2023 10/18/23 | Sold | $1,000,000 | -23.1% | $319 / Sq Ft |
| 08/30/2023 08/30/23 | Pending | -- | -- | -- |
| 08/28/2023 08/28/23 | For Sale | $1,300,000 | -- | $415 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $12,229 | $1,000,000 | $750,000 | $250,000 |
| 2023 | $5,465 | $395,889 | $132,944 | $262,945 |
| 2022 | $5,371 | $388,128 | $130,338 | $257,790 |
| 2021 | $5,255 | $380,519 | $127,783 | $252,736 |
| 2019 | $5,154 | $370,835 | $123,994 | $246,841 |
| 2018 | $4,865 | $363,596 | $121,563 | $242,033 |
| 2016 | $4,667 | $347,942 | $116,844 | $231,098 |
| 2015 | $4,597 | $342,716 | $115,089 | $227,627 |
| 2014 | $4,573 | $336,004 | $112,835 | $223,169 |
Source: Public Records
Agents Affiliated with this Home
-
Kay Eckert
-
Nick Abbadessa
Buyer's Agent in 2023
Nick Abbadessa
RE/MAX
(909) 292-7888
6 in this area
392 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23160732
APN: 8377-009-021
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