tomo logo

$1,788,888

Beds
8
Baths
8.0
sq ft
3,607

2530 Magnolia Ave, La Verne, CA 91750

2530 Magnolia Ave

La Verne, CA 91750

  • 121 days on market
    • Price drop $100,000↓
Incredible Investment Opportunity in La Verne! This beautifully remodeled property offers 8 bedrooms, 8.5 bathrooms, and is divided into three separate units, providing flexibility for multi-family living or rental income. Sitting on over 12,000 sqft of land, the home boasts modern upgrades throughout and is perfect for investors or large families. The property was fully updated in 2022 with a new roof, plumbing system, and electrical panel. Equipped with ready-to-go solar panels and a water softener system for enhanced water quality. As you step inside, you’re greeted by a welcoming open living space. The kitchen is large with ample counter space and a dining area for gatherings. Each of the 8 bedrooms comes with its own AC unit and private bathroom, ensuring comfort and privacy for all. Enjoy California’s year-round pleasant weather on the porch overlooking a vast backyard, with plenty of space to make it your own. The property includes a 2-car garage, 2 large driveways, and enough space for at least 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, reducing long-term maintenance costs. Located on a desirable corner lot, providing additional privacy and convenience. Few blocks away from Hillcrest Retirement Community offering club house, indoor swimming pool and more at low cost. This home is just a short distance from an award-winning elementary school, parks, baseball fields, the University of La Verne, and the charming downtown area. Don't miss the chance to own this one-of-a-kind La Verne property. Whether you're looking for a family home or an investment opportunity, this home is a must-see!

Details

Property type

Single Family Residence

Est. home value

$1,476,198

Lot size

0.2862 acres

Price per sq ft

$496

Year built

1948

HOA

No

Price History

12/05/2024
CRMLS

CRMLS #AR24171516

Listed
$1,788,888
11/16/2024
CRMLS

CRMLS #AR24171516

Removed
$1,788,888
10/09/2024
CRMLS

CRMLS #AR24171516

Price change
$1,788,888
-5.29%

Schools & Community

Neighborhood: 

Lordsburg

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

Bonita Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Athas Capital Group Inc

Loan start date

September 2022

Original loan amount

$675,000

Est. remaining balance

$652,745

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Chun Cai

Lender

Acg Funding Inc

Loan start date

January 2020

Original loan amount

$255,000

Est. remaining balance

$230,083

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Chun Cai

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CRMLS
$1,888,000
3 bd
|
2.5 ba
|
2,233 sq ft
|
House

800 De Anza Heights Dr, La Verne, CA 91750

CRMLS
$1,850,000
5 bd
|
5 ba
|
3,906 sq ft
|
House

2177 W Silver Tree Rd, Claremont, CA 91711

CRMLS
$1,750,000
4 bd
|
3 ba
|
2,855 sq ft
|
House

854 Guanajuato Dr, Claremont, CA 91711

Status: Active

Tomo last checked: 12/27/2024 at 12:15 AM

Listing updated: 12/05/2024 at 3:14 AM

Listed by: Angela Situ, Pinnacle Real Estate Group Phone #: (626) 888-9808

MLS: CRMLS #AR24171516

CRMLS logo

Recently listed in La Verne

$1,900,000|5 bd|5.0 ba|House
$995,000|3 bd|3.0 ba|House
$785,000|3 bd|3.0 ba|House
$1,395,000|4 bd|2.5 ba|House
$610,000|3 bd|1.5 ba|Townhouse
$285,000|2 bd|1.75 ba|Manufactured
$999,000|4 bd|3.0 ba|House
$1,888,000|3 bd|2.5 ba|House
$265,000|2 bd|1.75 ba|Manufactured
$1,175,000|4 bd|3.0 ba|House