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2122 E Street, La Verne, California 91750, La Verne, 91750 - 2 bed, 1 bath

2122 E Street, La Verne, California 91750 home-pic-0
ACTIVE$1,698,888
2122 E Street, La Verne, California 91750
2Beds
1Bath
792Sqft
5,188Lot
Year Built
1926
Close
-
List price
$1.7M
Original List price
$1.5M
Price/Sqft
$2,145
HOA
-
Days on market
-
Sold On
-
MLS number
CV25042350
Home ConditionTear down
Features
ViewNeighborhood

About this home

We found 3 Cons,6 Pros. Rank: price - $1.70M(91th), sqft - 792(1th), beds - 2(6th), baths - 1(9th).

Discover a unique high density, mixed use commerical investment opportunity with a charming 1926 vintage home situated on a prime 5,188 sq ft parcel in the heart of downtown La Verne, located near the vibrant University of La Verne campus, metered parking and the foothill Gold line train station! This property's rare mixed-use commercial zoning! opens the door to a variety of endless business possibilities. Key features: Prime Location: Nestled on the bustling E Street, adjacent to the Gold line train station platform, this property benefits from high traffic and excellent visibility, making it an ideal spot for a businesses looking to thrive in a dynamic environment with built in traffic! Zoning Flexibility: The property is zoned for high density mixed-use commercial live work units, allowing for multi creative development solutions including retail, office space, restaurant or further development of residential units with live/work zoning. Improvement Potential: The site is approved for development of up to 8,000 BUILDABLE sq ft where you can have up to five, three story tall live work units, giving developers ample room to maximize their investment. Convenient Access: Enjoy the convenience of being within walking distance to the Gold Line train station, University of La Verne and the LA County Fairgrounds and down town La Verne enhancing accessibility and foot traffic. Community Vibe: Experience the charm of downtown La Verne,known for its quaint shops, vibrant dining options, and community events, all contributing to a desirable business environment coupled with one of the most sought after neighborhoods in down town La Verne. Whether you're looking to expand your business portfolio or embark on a new venture, this property offers exceptional potential in a thriving area. This is the best chance to capitalize on this unique once in a life time development opportunity in La Verne with unlimited potential!

Nearby schools

9/10
J. Marion Roynon Elementary School
Public,•K-5•0.4mi
8/10
Ramona Middle School
Public,•6-8•1.7mi
9/10
Bonita High School
Public,•9-12•0.7mi
Condition Rating
Tear down
Built in 1926, this property is explicitly described as an 'obsolete existing structure' and 'likely a tear-down' in the property analysis. The images confirm this, showing an extremely outdated kitchen with old cabinets, tile counters, and no modern appliances, and a bathroom with very old fixtures and finishes. The interior features worn hardwood floors and basic, old light fixtures. The property's value is clearly based on its land and development potential, not the existing structure, which appears to have had no major renovations in the past 50 years.
Pros & Cons

Pros

Great Schools: Elementary School: J. Marion Roynon Elementary School (9/10). High School: Bonita High School (9/10).
High-Density Mixed-Use Development Potential: Approved for up to 8,000 buildable sq ft, allowing for five 3-story live/work units, maximizing investment potential in a high-demand area.
Prime Downtown Location & Visibility: Situated on a bustling street in the heart of downtown La Verne, offering high traffic and excellent visibility for commercial ventures.
Exceptional Transit & Walkability: Directly adjacent to the Gold Line train station platform and within walking distance to the University of La Verne, LA County Fairgrounds, and downtown amenities, ensuring high foot traffic and accessibility.
Flexible Commercial Zoning: Rare high-density mixed-use commercial zoning permits diverse development solutions, including retail, office, restaurant, or residential live/work units.
Desirable Community & Business Environment: Located in a sought-after downtown area known for its vibrant community, quaint shops, and dining, fostering an attractive environment for businesses and residents.

Cons

Significant Upfront Investment: The list price of nearly $1.7 million represents a substantial initial capital outlay, primarily for land and development rights, before any construction costs.
Obsolete Existing Structure: The 1926 vintage home (792 sq ft) is likely a tear-down or requires extensive renovation, adding considerable cost and complexity to any development plans.
Development Project Complexity: Realizing the full development potential (8,000 sq ft, 5 units, 3 stories) will entail substantial capital, time, permitting processes, and construction risks beyond the acquisition.

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