Property listed by eXp Realty of Greater Los Angeles, Anthony Grynchal 888-652-1314
$8,888,888
Prime Investment Opportunity in Downtown La Verne Discover an unparalleled investment prospect at 2148 E Street, La Verne, CA. This distinctive 20-unit building, formerly serving as the University of La Verne's sorority house, is situated on a rare 5,300 sq ft parcel in the heart of downtown… Read More La Verne. Its strategic location offers seamless access to the University of La Verne, the forthcoming Gold Line train station, and the LA County Fairgrounds. Unique Versatile Zoning for Diverse Ventures The property's rare Commercial-Professional Mixed Development (C-P-D) zoning allows for a multitude of business opportunities. Potential uses include: Boutique Luxury Hotel: Capitalize on the proximity to local attractions and the university to cater to visitors seeking upscale accommodations. Senior Retirement Facility: Develop a comfortable and convenient residence for seniors, benefiting from the area's amenities and community atmosphere. Student Housing: Provide much-needed housing solutions for the growing student population of the nearby university. Mixed-Use Development: Design a combination of residential units above and commercial spaces below, such as retail shops, offices, or restaurants, to create a vibrant live/work environment. Key Features Prime Location: Situated on bustling E Street, the property enjoys high visibility and foot traffic, ideal for businesses aiming to thrive in a dynamic setting. Zoning Flexibility: The C-P-D Commerical, professional, mixed use zoning permits a variety of uses, including retail stores, professional offices, restaurants with outdoor seating, and more. Development Potential: The site is approved for substantial development, offering a blank canvas for innovative projects. Excellent Accessibility: Within walking distance to the upcoming Gold Line train station, enhancing connectivity for residents and visitors alike. Vibrant Community: Downtown La Verne is renowned for its charming shops, diverse dining options, and regular community events, fostering a welcoming environment for businesses and residents. Seize This Unique Opportunity and let your imagination run wild. Whether you're looking to expand your investment portfolio or embark on a new entrepreneurial venture, 2148 E Street offers limitless potential in a thriving locale. Don't miss this once-in-a-lifetime chance to develop a property with such versatility and promise in the heart of La Verne. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mixed Use
Beds
20
Full Baths
5
Square Ft.
5,480
Lot Size
0.15 Acres
Year Built
1921
MLS Number
CV25072992
30 Days Snapshot Of 91750
$1,084k
+1%
(avg) sold price
17
0%
homes sold
61
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1921, Levels: Two, Living area: 5480, 2 stories, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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