Triplex on Corner
For Sale
$1,297,000
Pending
3502 Towne Center Dr., La Verne, CA 91750
MULTI_FAMILY - Other - La Verne, CA
Property Size3,916 SF
Lot Size0.21 Acres
Days on Market53
Property Features for 3502 Towne Center Dr.
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
LVPR15A
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 1, Laundry Room, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking
6
Parking features
Garage, Assigned, Side By Side
Window features
Blinds
Interior features
Ceiling Fan(s), Recessed Lighting, Formica Counters, Granite Counters
Fireplace
1
Appliances
Water Heater, Disposal, Refrigerator, Free-Standing Range, Electric Range, Electric Oven, Dishwasher
Lot features
2-5 Units/ Acre
Directions
Corner if Towne Center Dr. and Price Drive
Subdivision
684 - La Verne
Standard status
Pending
APN
8370007022
Lot size
0.21 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Forced Air, Electric (Heating)
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Number of units
3
Flooring type
Carpet, Wood, Laminate, Tile
Building materials
Stucco
Architectural style
Other
Listing Agency:
Keller Williams Realty
(626) 233-6427
Listed By:
Suzie Koo · License #00915365
(626) 712-9292
Added: Jun 17
Changed: Aug 2
Last Checked: Aug 8 at 6:06PM
MLS# AR26127717
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A well-maintained triplex offering three single-story units with a total of 3,916 sq ft of living space. The layout includes a spacious 3-bedroom, 2-bath unit, a 2-bedroom, 2-bath unit with private access to a covered patio and direct access to a 2-car garage, and a large 1-bedroom, 1-bath unit. Interior features include ceiling fans, recessed lighting, and Formica and granite counters, with flooring such as carpet, wood, laminate, and tile. Appliances include a water heater, disposal, refrigerator, free-standing range, electric range, electric oven, and dishwasher. The home is heated with wall furnace, forced air, and electric heat options, and cooled with central air plus window or wall units. Stucco construction and a fireplace are also included. Built in 1964, the property provides public water and public sewer service, with additional parking in front of the garages.
Situated on a landscaped corner lot totaling 9,159 sq ft at the intersection of Towne Center Dr. and Price Dr., the property is positioned for walkability to downtown La Verne’s shops, Target, restaurants, and neighborhood amenities. The property is zoned LVPR15A.
Each unit is served with its own 2-car garage, and the parking configuration also includes space in front of the garages.
Situated on a landscaped corner lot totaling 9,159 sq ft at the intersection of Towne Center Dr. and Price Dr., the property is positioned for walkability to downtown La Verne’s shops, Target, restaurants, and neighborhood amenities. The property is zoned LVPR15A.
Each unit is served with its own 2-car garage, and the parking configuration also includes space in front of the garages.
Key Highlights
- 3,916 sq ft total living space across three single‑story units
- 9,159 sq ft landscaped corner lot at Towne Center Dr. and Price Dr.
- Zoned LVPR15A
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
$68,387
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
5.27%
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%
$1,367,740
$1.4M
Cap Rate 7%
$976,957
$977.0K
Cap Rate 9%
$759,856
$759.9K
Market Conditions
NOI Build-Up for 3,916 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
$105.7K $27.00/SF
− Vacancy
−$8.0K −$2.05/SF
EGI
$97.7K $24.95/SF
− OpEx
−$29.3K −$7.48/SF
NOI
$68.4K $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%
$1,367,740
Cap Rate 7%
$976,957
Cap Rate 9%
$759,856
Alternative Uses
Best Use
Multifamily LT 5
$977.0K
$854.8K – $1.14M
NOI $68,387 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$900.2K
$787.7K – $1.05M
NOI $63,012 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,763 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Well-maintained triplex with three single-story units, individual garages, and central air plus other cooling options.
Where is this triplex located?
The property is located at 3502 Towne Center Dr. La Verne, CA.
What is the asking price?
The asking price for this property is $1,297,000.
What are key features of this property?
This property features: 3,916 sq ft total living space across three single‑story units; 9,159 sq ft landscaped corner lot at Towne Center Dr. and Price Dr.; Zoned LVPR15A
