Triplex with Dedicated
New
For Sale
$1,198,000
2524 Price, La Verne, CA 91750
Fully occupied three-unit property with in-unit laundry, private garages, and a mix of two- and three-bedroom residences.
Property Size3,756 SF
Lot Size0.16 Acres
Price / SF$318.96
Days on Market3
Property Features for 2524 Price
General Information
Standard status
Active
Size
3,756 SF
Total Parking Spaces
6
Lot size
0.16 Acres
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
in-unit washer/dryer
shared courtyard
in-wall A/C units
ceiling fans
Building Details
Building Size
3,756 SF
Year Built
1964
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Listed By:
Brandon Carlson
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 4:57AM
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 Brandon Carlson
Investment Insights
Based on property information with market context.
This 1964 triplex contains 3,756 square feet of building area on a 6,768-square-foot lot. The configuration includes one three-bedroom, two-bath residence and two two-bedroom, two-bath residences, with two units on the ground floor and one upstairs. Each residence has an in-unit washer and dryer plus a dedicated two-car garage. A shared courtyard provides common outdoor space.
All three units are occupied on month-to-month tenancies. Property improvements include updated water heaters and wall heaters, in-wall air-conditioning units, ceiling fans, and prior updates to kitchen countertops, sinks, appliances, and select bathrooms. A partial upper-story roof replacement was completed approximately two years ago.
The property is approximately one mile from the University of La Verne and near Bonita High School, La Verne Sports Park, Trader Joe’s, Target, restaurants, and the 210, 57, and 10 freeways. WalkScore is 70, BikeScore is 62, and TransitScore is 38.
All three units are occupied on month-to-month tenancies. Property improvements include updated water heaters and wall heaters, in-wall air-conditioning units, ceiling fans, and prior updates to kitchen countertops, sinks, appliances, and select bathrooms. A partial upper-story roof replacement was completed approximately two years ago.
The property is approximately one mile from the University of La Verne and near Bonita High School, La Verne Sports Park, Trader Joe’s, Target, restaurants, and the 210, 57, and 10 freeways. WalkScore is 70, BikeScore is 62, and TransitScore is 38.
Key Highlights
- Three‑unit property with 1 three‑bedroom/two‑bath unit and 2 two‑bedroom/two‑bath units
- 3,756 square feet of building area on a 6,768‑square‑foot lot
- Each unit includes in‑unit laundry and a dedicated two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,593
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,311,860
$1.3M
Cap Rate 7%
$937,043
$937.0K
Cap Rate 9%
$728,811
$728.8K
Market Conditions
NOI Build-Up for 3,756 SF
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.
Gross rent
$101.4K $27.00/SF
− Vacancy
−$7.7K −$2.05/SF
EGI
$93.7K $24.95/SF
− OpEx
−$28.1K −$7.48/SF
NOI
$65.6K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,311,860
Cap Rate 7%
$937,043
Cap Rate 9%
$728,811
Alternative Uses
Best Use
Multifamily LT 5
$937.0K
$819.9K – $1.09M
NOI $65,593 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$863.4K
$755.5K – $1.01M
NOI $60,437 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,766 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,026
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with in-unit laundry, private garages, and a mix of two- and three-bedroom residences.
Where is this triplex located?
The property is located at 2524 Price La Verne, CA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Three‑unit property with 1 three‑bedroom/two‑bath unit and 2 two‑bedroom/two‑bath units; 3,756 square feet of building area on a 6,768‑square‑foot lot; Each unit includes in‑unit laundry and a dedicated two‑car garage
