3-Unit
New
For Sale
$1,150,000
3494 Columbia, La Verne, CA 91750
The residences are vacant and each has a fireplace and space for a stackable washer and dryer.
Property Size3,756 SF
Days on Market4
Property Features for 3494 Columbia
General Information
Standard status
Active
Size
3,756 SF
Total Parking Spaces
6
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
renovate, update
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
3
Parking per Unit
2
Amenities
fireplace
stackable washer/dryer hookup
drought-tolerant landscaping
Building Details
Building Size
3,756 SF
Year Built
1964
Buildings
1
Listing Agency:
CORNERSTONE PROP MANG & INVEST
Listed By:
Thomas Johnson · License #00622324
Source:
Camdenmckayre
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 11 at 2:25PM
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 CORNERSTONE PROP MANG & INVEST
Investment Insights
Based on property information with market context.
Built in 1964, this triplex contains three residences: a front, ground-level home with three bedrooms and two bathrooms, plus two-bedroom, two-bathroom homes on the upper and lower levels. Each residence has a fireplace, electric utilities, and kitchen space for a stackable washer and dryer. The property also includes a six-space carport and drought-tolerant landscaping at the front.
An alley provides access to the carport, with two parking spaces allocated per residence. The property is near shopping, restaurants, schools, and major transportation routes. All three residences are currently vacant.
An alley provides access to the carport, with two parking spaces allocated per residence. The property is near shopping, restaurants, schools, and major transportation routes. All three residences are currently vacant.
Key Highlights
- Three residences: one 3‑bedroom, 2‑bathroom unit and two 2‑bedroom, 2‑bathroom units
- Each residence includes a fireplace and space for a stackable washer and dryer
- Six‑space carport, with two parking spaces per residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,593
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
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
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 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 5.70%
Second Best
Apartment 5plus
$863.4K
$755.5K – $1.01M
NOI $60,437 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,766 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - The residences are vacant and each has a fireplace and space for a stackable washer and dryer.
Where is this triplex located?
The property is located at 3494 Columbia La Verne, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three residences: one 3‑bedroom, 2‑bathroom unit and two 2‑bedroom, 2‑bathroom units; Each residence includes a fireplace and space for a stackable washer and dryer; Six‑space carport, with two parking spaces per residence
