F
Seller's Agent in 2025
FENPING WANG
Vantage Capital Inc.
(714) 990-0770
1 in this area
10 Total Sales
2530 Magnolia Ave La Verne, CA 91750
Old Town Neighborhood
8
Beds
8
Baths
3,607
Sq Ft
0.29
Acres
Highlights
- No HOA
- Courtyard Views
- Cooling System Mounted To A Wall/Window
- Grace Miller Elementary School Rated A
- 2 Car Attached Garage
- 4-minute walk to Kuns Park
About This Home
As of March 2025Great 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!!!
Last Agent to Sell the Property
Vantage Capital Inc. Brokerage Phone: 626-905-2526 License #01746848 Listed on: 02/18/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,992
Year Built
- Built in 1948
Lot Details
- 0.29 Acre Lot
- Density is up to 1 Unit/Acre
- Property is zoned LVPR45D*
Parking
- 2 Car Attached Garage
Interior Spaces
- 3,607 Sq Ft Home
- 1-Story Property
- Courtyard Views
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms | 1 Main Level Bedroom
- 8 Full Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
Listing and Financial Details
- Legal Lot and Block 7 / 3
- Tax Tract Number 600
- Assessor Parcel Number 8381013028
- $648 per year additional tax assessments
Community Details
Recreation
- Park
Additional Features
- No Home Owners Association
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 18, 2025
Closed on
Mar 4, 2025
Sold by
Cai Chun
Bought by
Wong Fook Kwang Philip and Lam Ming Wai
Seller's Agent
FENPING WANG
Vantage Capital Inc.
Buyer's Agent
Jack Pang
Resource Real Estate Services
List Price
$1,789,000
Sold Price
$1,800,000
Premium/Discount to List
$11,000
0.61%
Total Days on Market
12
Views
43
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.25%
Purchase Details
Closed on
Sep 15, 2012
Sold by
Duran Rebecka and The Dana L Johansen Revocable
Bought by
Cai Chun
Purchase Details
Closed on
Nov 23, 2009
Sold by
Johansen Dana
Bought by
Johansen Dana and Cai Chun
Purchase Details
Closed on
Aug 23, 2004
Sold by
Johansen Dana L
Bought by
Johansen Dana L and The Dana L Johansen Revocable
Purchase Details
Closed on
Apr 1, 2003
Sold by
Rohrs Marie E and The Donald O White Trust
Bought by
Johansen Dana L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 26, 2002
Sold by
White Donald O
Bought by
Rohrs Marie E and The Donald O White Trust
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,800,000 | Chicago Title | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $320,000 | United Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $675,000 | New Conventional | |
| Previous Owner | $330,000 | Commercial | |
| Previous Owner | $210,000 | Commercial | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $255,000 | New Conventional | |
| Previous Owner | $80,000 | New Conventional | |
| Previous Owner | $190,000 | Unknown | |
| Previous Owner | $288,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/13/2025 03/13/25 | Sold | $1,800,000 | +0.6% | $499 / Sq Ft |
| 02/18/2025 02/18/25 | For Sale | $1,789,000 | 0.0% | $496 / Sq Ft |
| 12/16/2022 12/16/22 | Rented | $3,000 | 0.0% | -- |
| 12/09/2022 12/09/22 | Under Contract | -- | -- | -- |
| 12/01/2022 12/01/22 | Price Changed | $3,000 | -11.8% | $3 / Sq Ft |
| 11/25/2022 11/25/22 | For Rent | $3,400 | -- | -- |
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 | $8,992 | $916,090 | $289,650 | $626,440 |
| 2023 | $8,839 | $898,128 | $283,971 | $614,157 |
| 2022 | $3,311 | $404,532 | $278,403 | $126,129 |
| 2021 | $3,242 | $396,601 | $272,945 | $123,656 |
| 2019 | $2,513 | $384,840 | $264,850 | $119,990 |
| 2018 | $4,547 | $377,295 | $259,657 | $117,638 |
| 2016 | $4,304 | $362,646 | $249,575 | $113,071 |
| 2015 | $4,232 | $357,200 | $245,827 | $111,373 |
| 2014 | $4,192 | $350,204 | $241,012 | $109,192 |
Source: Public Records
Agents Affiliated with this Home
-
FENPING WANG
-
Jack Pang
Buyer's Agent in 2025
Jack Pang
Resource Real Estate Services
(626) 319-8088
1 in this area
20 Total Sales
-
SONIA AMEN
Seller's Agent in 2022
SONIA AMEN
RE/MAX
(626) 258-7823
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25036100
APN: 8381-013-028
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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