2122 E St La Verne, CA 91750
This exceptional 5,300 sq ft lot in downtown La Verne, CA presents a remarkable development opportunity. Located on high-traffic E Street, this property boasts a prime location near the University of La Verne (approximately 6,000 students) and La Verne's new light rail station (opening December 2024), part of the L.A. Metro A Line's eastern expansion. Currently zoned for mixed-use, high-density development, including restaurants, the property allows for a two-story structure up to 8,000 sq ft, with four rear parking spaces accessible via an alley. The lot's 130-foot depth provides excellent visibility and access from E Street, a heavily traveled thoroughfare. Adjacent metered parking provides additional convenience. The asking price is $1,400,000, with a triple net lease structure and rent bumps. This vacant lot offers significant potential for a variety of commercial uses, including retail, restaurants, or professional offices, making it an ideal investment in a thriving, growing community. The APN is 8377-021-018. The lot size is 5.227 acres.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.