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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$2,400,000

Est. payment - /mo

0.37 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26205082

HOA Y/N No

Year Built 1971

Lot Size 0.366 Acres

Property Sub-Type Quadruplex

Property Description

We are pleased to exclusively present a well-positioned multifamily investment opportunity at 3401-3411 Butterfield Avenue in La Verne, California, offering stable in-place income in the highly desirable San Gabriel Valley submarket
Comprising two adjacent fourplexes on two separate parcels, the property benefits from convenient access to the 10, 57 and 210 Freeways and is minutes from University of La Verne.
The two buildings sit on a combined ±15,932 square-foot lot with a total building area of ±6,300 square feet, averaging 788 square feet per unit across a mix of four 1-bedroom/1-bathroom and four 2-bedroom/1-bathroom units. Each residence features a fully equipped kitchen, wall air conditioning and heating, vertical blinds and security screen doors. Located at the end of a quiet residential street near newer homes, the buildings feature mature landscaping, one garage per property, three covered carport parking spots and ample off-street parking.
Situated approximately 30 miles east of Downtown Los Angeles, La Verne offers residents a suburban lifestyle with strong regional connectivity. The 10, 57 and 210 Freeways are all within easy reach, placing residents minutes from Pomona, Claremont and Pasadena. The nearby Claremont Metrolink station on the San Bernardino Line provides direct service to Los Angeles Union Station, and the new Metro L Line (Gold Line) Foothill Extension offers residents additional light rail connectivity throughout the San Gabriel Valley and into Downtown Los Angeles.
The San Gabriel Valley benefits from a diverse and resilient employment base anchored by University of La Verne, Cal Poly Pomona, the Claremont Colleges, Pomona Valley Hospital Medical Center and San Antonio Regional Hospital. The Bonita Unified School District, which serves more than 10,000 students across 14 schools, further supports family-oriented demand, generating consistent renter demand from educators, healthcare professionals and students throughout the submarket.
3401-3411 Butterfield Avenue is a stable income-producing asset in the San Gabriel Valley, well-positioned for long-term growth and capital appreciation. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.

Location

State CA

County Los Angeles

Area 684 - La Verne

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry None

Exterior

Garage Spaces 2.0

Carport Spaces 10

Garage Description 2.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 12

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8375031018

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Eric Chen CB RICHARD ELLIS 626-757-5717, DRE #01489184

NEARBY SCHOOL & BUSINESS

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3401 -3411 Butterfield AVE La Verne, CA 91750