The property is currently in use as a pair of single family rental residences the front house collects $2,800 per month and the back house collects $2,200 per month. We envision a complete demolition to create a 5,200 sq ft lot for development The lot is approved by city planning for up to 8,000 sq ft 3-level structure that also has 4 parking spaces in back, accessed via alley. Lot front in on E Street, a heavily traveled thoroughfare in downtown La Verne. Its location in on perimeter of University of La Verne (student enrollment approx 6,000). The property is a 3 block walk from La Verne's new light rail station, part of a six station, 12.5 mile eastern expansion of L.A. Metro's A Line. When completed (opening scheduled for December 2024) the rail line will run eastward to Montclair, and westward to Pasadena, downtown Los Angeles, and Long Beach.
