Residential Income Property with
For Sale
$309,900
224-3530 Damien Ave, La Verne, CA 91750
Brand-new manufactured residence in a 55+ community with a two-bath layout, full kitchen appliances, and covered parking.
Property Size1,512 SF
Price / SF$204.96
Days on Market25
Property Features for 224-3530 Damien Ave
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
clubhouse
pool
spa
Listing Agency:
Janice Lynn Shumaker- Swanson
(909) 437-6670
Listed By:
Judith Shumaker · License #01964722
(909) 437-6670
Source:
Exprealty
Added: Jul 9
Changed: Aug 2
Last Checked: Aug 2 at 5:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Janice Lynn Shumaker- Swanson
Investment Insights
Based on property information with market context.
This brand-new Skyline manufactured home at The Fountains offers 1,512 square feet with three bedrooms and two bathrooms. A full front porch leads into a spacious living room connected to the kitchen, which includes a gas oven/range, dishwasher, built-in microwave, and refrigerator. The primary bedroom has an adjoining bathroom with a walk-in shower. Interior features include hard-surface flooring in the living room, kitchen, and hallway, carpeted bedrooms, and a laundry room with full-size washer and dryer hookups. Central A/C and heating provide year-round climate control, while the covered carport adds sheltered parking.
The home is located at 224-3530 Damien Ave in La Verne within The Fountains, a 55+ community with a clubhouse, pool, and spa.
The home is located at 224-3530 Damien Ave in La Verne within The Fountains, a 55+ community with a clubhouse, pool, and spa.
Key Highlights
- 1,512‑square‑foot Skyline manufactured home
- Three bedrooms and two bathrooms
- Full front porch and covered carport
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.1k | $31.80 |
| − Vacancy | −$3.8k | −$2.54 |
| EGI | $44.2k | $29.26 |
| − OpEx | −$19.9k | −$13.17 |
| NOI | $24.3k | $16.09 |
1,512 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$347.6K
$304.1K – $405.5K
NOI $24,329 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$809.5K
$708.3K – $944.4K
NOI $56,666 @ 7.0% cap · market cap 18.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 91750, CA
33,376
Population
12,928
Households
2.6
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
18.5 sq mi
ZIP Area
1,804
Density / Sq Mi
$104,827
Median Household Income
$56,417
Median Earnings
$2,217
Median Rent
$789,100
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Los Angeles County, CA
Properties on Market for Residential income properties in Los Angeles County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Brand-new manufactured residence in a 55+ community with a two-bath layout, full kitchen appliances, and covered parking.
Where is this residential income property located?
The property is located at 224-3530 Damien Ave La Verne, CA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 1,512‑square‑foot Skyline manufactured home; Three bedrooms and two bathrooms; Full front porch and covered carport
