UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 1,616 sqft
Price per Sqft $865
MLS Listing ID CV25018677
Style Townhome
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1930
Lot Size 5,207 Sqft
Acres 0.1195
Property Sub-Type Townhome
Type of Financing Land Contract
Property Description
Discover a unique investment opportunity with two charming vintage homes situated on a prime 5,300 sq ft parcel in the heart of downtown La Verne, located near the vibrant University of La Verne campus. This property is currently utilized as two separate income residential homes with separate addresses, gas and electric meters but its mixed-use commercial zoning opens the door to a variety of business possibilities! Key features: Prime Location: Nestled on the bustling E Street, this property benefits from high traffic and excellent visibility, making it an ideal spot for businesses looking to thrive in a dynamic environment. Zoning Flexibility: The property is zoned for mixed-use commercial, allowing for creative development solutions including retail, office space, restaurant or further development of residential units with live/work zoning. Improvement Potential: The site is approved for development of up to 8,000 BUILDABLE sq ft where you can have up to five three story tall live work units, giving developers ample room to maximize their investment. Convenient Access: Enjoy the convenience of being within walking distance to the Gold Line train station, University of La Verne and the LA County Fairgrounds and down town La Verne enhancing accessibility and foot traffic. Community Vibe: Experience the charm of downtown La Verne, known for its quaint shops, vibrant dining options, and community events, all contributing to a desirable business environment. Whether you're looking to expand your business portfolio or embark on a new venture, this property offers exceptional potential in a thriving area. This is the best chance to capitalize on this unique once in a life time development opportunity in La Verne with unlimited potential!
Location
State CA
County Los Angeles
Area La Verne (91750)
Zoning LVPR15A*
Interior
Cooling Central Forced Air
Air Conditioning Central Forced Air
Exterior
Garage Spaces 2.0
View Neighborhood
Total Parking Spaces 2
Building
Lot Description Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Others
Acceptable Financing Land Contract
Listing Terms Land Contract
Special Listing Condition Standard

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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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