2122 E St La Verne, CA 91750
- Retail properties
- 5,300 SF
- 5,227.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2122 E St
- Lot size
- 5,227.00 lot acres
- Property size
- 5,300 SF
- Property type
- Retail properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Verne
- County
- Los Angeles
- State
- California
- Longitude
- -117.769
- Latitude
- 34.0984
