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3401 Butterfield Ave
La Verne, CA 91750 Bonita

$2,400,000 USD

Apartments For Sale • 3,150 SF

Property Details

Property Type Apartments
Total Building Size 6,300 SF
Lot Size 0.37 AC
Building Class C
Year Built 1971
Cap Rate 4.29 %

20 Transit Score

50 Walk Score

                
                    Highlights
                
                                Well-Positioned 8-Unit La Verne Asset — Two connected fourplexes on separate parcels in the San Gabriel Valley generating a current CAP rate of 4.29% 
                            
                                A pro forma cap rate of 5.37% is achievable upon capturing the available 16% rental upside without major capital expenditure
                            
                                Attractive Cost Basis — $300,000 per unit and approximately $381 per square foot
                            
                                Updated Residences — Each unit features a fully equipped kitchen, wall air conditioning and heating, vertical blinds and security screen doors
                            
                                Dual-Parcel Portfolio — The combined ±15,932 square-foot lot supports ±6,300 square feet averaging 788 square feet per unit
                            
                                Ideal Unit Mix — Four 1-bedroom/1-bathroom and four 2-bedroom/ 1-bathroom units across two fourplex buildings serve a broad renter demographic

Financial Summary (Actual)

Net Operating Income: $102,919 USD (2025)

Cap Rate:	4.29 %
Total Expenses:	$63,335 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Pomona (North) (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	2.6 mi
Claremont (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	4.2 mi
Airport	Drive	Walk	Distance
Ontario International	26 min	-	14.7 mi
John Wayne/Orange County	48 min	-	37.2 mi
Long Beach (Daugherty Field)	54 min	-	41.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Covered
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

3401 Butterfield Ave La Verne, CA 91750 Bonita