LA VERNE rent to own home - a townhouse or condo ( beds, 2 baths)

This is not a list price. This is an estimate price for the property provided by FirstAmerican. Please note that this is only an estimate and should not be taken as fact or advice. When a list price becomes available we will publish it and along with changes to the contact information.Estimated Value: $1,372,071
Great Opportunity in a Desirable Location Price Reduced! This tri-plex in La Verne is a rare find in a highly sought-after area, close to te University and Downtown La Verne. Properties like this rarely come on the market for sale or rent, and now is your chance to secure a prime investment at a newly reduced price. Whether youre looking for immediate returns or long-term growth potential, this property offers both. Property Overview: Units: 3 total 1 x 3-bed, 2-bath and 2 x 2-bed, 2-bath. Total Rentable Space: 3,756 sq.ft. Lot Size: 6,766 sq.ft. Garages: Each unit includes a 2-car garage. Features: Each unit comes with a washer/dryer and dishwasher. This property is a turn-key investment, but its being sold as-is, offering an exciting opportunity for the buyer to make their own improvements or add value. Financial Highlights: 2025 Rent Roll: $73,596 annually. ProForma Rent: $86,340 annually (potential increase with market adjustments). 2024 Expenses: $9,950 (including gardener, water, trash, and insurance). Investment Opportunity: The 6,766 sq.ft. lot offers substantial upside potential with the ability to add ADUs (Accessory Dwelling Units), increasing rental income and overall...

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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