2224 E St La Verne, CA 91750
This exceptional 5,300 sq ft vacant lot in La Verne, CA presents a remarkable development opportunity. Located on high-traffic E Street, this property boasts a prime downtown location, offering unparalleled visibility and accessibility. Currently zoned for mixed-use, high-density development, including restaurant uses, it allows for a two-story structure up to 8,000 sq ft, with plans approved for four rear parking spaces accessed via a convenient side alley. The lot's 130-foot depth ensures ample space for a variety of commercial ventures. Its proximity to the University of La Verne (approximately 6,000 students) and the new La Verne light rail station (opening December 2024) provides exceptional access to a large and growing population. The rail station is part of a 12.5-mile expansion of the L.A. Metro A Line, connecting La Verne to Montclair, Pasadena, downtown Los Angeles, and Long Beach. A metered short-term parking lot is conveniently located next door, further enhancing the property's appeal. The asking price is $1,200,000, translating to $226.42 per square foot. This 5.227-acre lot represents a unique chance to capitalize on La Verne's vibrant growth and strategic location. The property is currently vacant and ready for immediate development. The address is 2224 E Street, La Verne, CA 91750.
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.