2118 5Th St, La Verne, CA 91750
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2118 5Th St La Verne, CA 91750

$600,000 Sold Price as of 08/03/2023
  • 4 Beds
  • 2 Baths
  • 1,624 Sq.Ft.
Sold
$600,000 Sold Price as of 08/03/2023 Refinance Your Mortgage

Map preview of 2118 5Th St, La Verne, CA 91750

Property Overview: 2118 5Th St La Verne, CA has 4 bedrooms, 2 bathrooms, 1,624 living square feet and 7,105 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Lori Alvarez | BRE #01794115 | REAL ESTATE RESOLVED
Last checked: 9 minutes ago | Last updated: August 3rd, 2023 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
7,105
HOA Dues
$0/mo
Year built
1954
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
CV23118961
City
La Verne
County
Los Angeles
Time on Site
320 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $2,950
  • Net Operating Income: $2,950
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,950
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 2118 5Th St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Driveway, Garage, Garage Faces Rear, Garage - Two Door, Parking Space
Lot Information
  • Lot Features: Back Yard, Lot 6500-9999, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 8377003006
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Bonita and D St
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local La Verne Agent

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Sale History for 2118 5Th St

Last sold for $600,000 on August 3rd, 2023
  • August, 2023

  • Aug 3, 2023

    Date

    Sold

    CRMLS: CV23118961

    $600,000

    Price

  • Jul 3, 2023

    Date

    Active

    CRMLS: CV23118961

    $700,000

    Price

Tax History for 2118 5Th St

Assessed Value (2020): $90,779
Year Land Value Improved Value Assessed Value
2020 $15,601 $75,178 $90,779

Home Value Compared to the Market

This property vs the competition

2118 5Th St sold on August 3, 2023 for 13.58% lower than the current median sold price for the city of La Verne which is $810,000. The median sold price per/sqft for La Verne is $539 and this home is sold at $431.03 per/sqft which puts the price per square foot 20.03% lower than the current median sale per square foot for the city of La Verne.

About 2118 5Th St

Detailed summary of property

2118 5Th St is a duplex that recently sold in La Verne, CA 91750. This duplex offered 4 bedrooms, 2 bathrooms, roughly 1,624 living square feet, and sits on an approximately 7,105 square foot lot. 2118 5Th St was first listed on ArdentRealEstateGroup.com on July 4, 2023. The homeowner sold the property for $600,000. Home in La Verne are selling for a median price of $810,000 and a median price per square foot of $539. Based on Ardent Real Estate Group's La Verne Market Data, this home is sold 13.58% lower than the current median priced home. Local homes that are currently for sale include 2719 Alta St, 2552 N California St and 3448 Hunter St. While the average home in La Verne, CA is selling in 38 days, 2118 5Th St has a days on market of 7 days. There are currently 45 homes for sale in the La Verne real estate market and 37 of them are single family homes while 7 of them are condos and 1 are townhomes. For more information on this home for sale at 2118 5Th St La Verne, CA 91750 contact Ardent Real Estate Group and we will put you in touch with one of our La Verne agents.

Public Facts for 2118 5Th St

Public county record property details
Beds
4
Baths
2
Year built
1954
Sq. Ft.
1,624
Lot Size
7,105
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16,17
APN
8377-003-006

The source for these homes facts are from public records.

91750 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$995,000
Median List Price/Sq.Ft.
$526
Median Sold Price
$810,000
Median Sold Price/Sq.Ft.
$539
Total Inventory
45
Median Sale to List Price %
94.3%
Avg Days on Market
27
Loan Type
Conventional (73.68%), FHA (5.26%), VA (0%), Cash (21.05%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.