840 Bonita Avenue, La Verne, California 91750, La Verne, 91750 - bed, bath

840 Bonita Avenue, La Verne, California 91750 home-pic-0
ACTIVE UNDER CONTRACT$1,285,000
840 Bonita Avenue, La Verne, California 91750
0Bed
0Bath
3,190Sqft
8,554Lot
Year Built
1965
Close
-
List price
$1.28M
Original List price
$1.28M
Price/Sqft
$403
HOA
-
Days on market
40 Days
Sold On
2025-11-15
MLS number
ML82023933
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.28M(75th), sqft - 3190(75th), beds - undefined(38th), baths - undefined(38th).

Discover a rare chance to own a well-maintained four-unit residential income property in the heart of highly desirable La Verne, just minutes from the University of La Verne, historic downtown, and major commuter routes. The property features three spacious one-bedroom, one-bath units and one large two-bedroom, one-bath unit, offering strong, consistent income. Each unit is designed for comfortable living, with easy access to seven covered carport parking spaces and low-maintenance landscaping. The property is ideally situated in a quiet residential setting that tenants love, with nearby shops, restaurants, parks, and schools all within walking distance. Commuters will appreciate convenient access to the 210, 10, and 57 freeways. This property presents excellent rental upside potential and consistent tenant demand in one of the San Gabriel Valleys most stable rental markets. Its perfect for investors seeking a solid, income-producing asset, for those completing a 1031 exchange, or for an owner-occupier looking for a property that offers both lifestyle and returns.

Price History

Date
Event
Price
10/06/25
Listing
$1,285,000
Condition Rating
Poor

Built in 1965, this property features interiors that appear to have been last updated 30-50 years ago, if at all. The kitchen displays older wooden cabinets, laminate countertops, and dated white appliances, along with linoleum/vinyl flooring. The bathroom similarly shows an older vanity, basic fixtures, dated tile, and strip lighting. While the description states 'well-maintained,' the visible components are significantly outdated and would require substantial rehabilitation and modernization to meet current tenant expectations and quality standards. The property is functional but requires major updates to kitchens, bathrooms, and potentially other systems.
Pros & Cons

Pros

Strong Income Potential: A four-unit residential income property (quadruplex) offering strong, consistent income, excellent rental upside, and consistent tenant demand in a stable market.
Prime La Verne Location: Situated in highly desirable La Verne, minutes from the University, historic downtown, shops, restaurants, parks, and schools, all within walking distance.
Excellent Commuter Access: Provides convenient access to major freeways (210, 10, and 57), appealing to a broad tenant base.
Ample Covered Parking: Features seven covered carport parking spaces, a significant advantage for tenants in a multi-unit property.
Well-Maintained Condition: Described as a 'well-maintained' property with low-maintenance landscaping, suggesting reduced immediate capital expenditure for a new owner.

Cons

Property Age: Built in 1965, the property's age, while well-maintained, may necessitate future updates to systems or aesthetics to remain competitive with newer constructions.
Unspecified Modern Amenities: The description does not explicitly mention modern tenant-desired amenities such as in-unit laundry, central air conditioning, or recent interior renovations, which could limit its appeal to some renters.
Potential for Shared Utilities: There is no mention of individual utility metering for each unit, which could lead to increased management complexity or potential disputes over utility costs among tenants.

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