3401 -3411 Butterfield Avenue
La Verne, CA, 91750 $ 2,400,000
Bedrooms-- Baths1.0 Sq 6,300 Monthly Estimate*
$ 15,154
Listed by Eric Chen, CB RICHARD ELLIS, eric.chen@cbre.com
for $2,400,000 with 1 full bath. This 6,300 square foot home was built in 1971 on a lot size of 0.3657.
We are pleased to exclusively present a well-positioned multifamily investment opportunity at 3401-3411 Butterfield Avenue in La Verne, California, offering stable in-place income in the highly desirable San Gabriel Valley submarket Comprising two adjacent fourplexes on two separate parcels, the property benefits from convenient access to the 10, 57 and 210 Freeways and is minutes from University of La Verne. The two buildings sit on a combined ±15,932 square-foot lot with a total building area of ±6,300 square feet, averaging 788 square feet per unit across a mix of four 1-bedroom/1-bathroom and four 2-bedroom/1-bathroom units. Each residence features a fully equipped kitchen, wall air conditioning and heating, vertical blinds and security screen doors. Located at the end of a quiet residential street near newer homes, the buildings feature mature landscaping, one garage per property, three covered carport parking spots and ample off-street parking. Situated approximately 30 miles east of Downtown Los Angeles, La Verne offers residents a suburban lifestyle with strong regional connectivity. The 10, 57 and 210 Freeways are all within easy reach, placing residents minutes from Pomona, Claremont and Pasadena. The nearby Claremont Metrolink station on the San Bernardino Line provides direct service to Los Angeles Union Station, and the new Metro L Line (Gold Line) Foothill Extension offers residents additional light rail connectivity throughout the San Gabriel Valley and into Downtown Los Angeles. The San Gabriel Valley benefits from a diverse and resilient employment base anchored by University of La Verne, Cal Poly Pomona, the Claremont Colleges, Pomona Valley Hospital Medical Center and San Antonio Regional Hospital. The Bonita Unified School District, which serves more than 10,000 students across 14 schools, further supports family-oriented demand, generating consistent renter demand from educators, healthcare professionals and students throughout the submarket. 3401-3411 Butterfield Avenue is a stable income-producing asset in the San Gabriel Valley, well-positioned for long-term growth and capital appreciation. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
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FeaturesGeneralSewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
HOA Fee 0
Garage Spaces 2
Pool Features None
Year Built 1971
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 171396
Community Features Curbs Sidewalks
Additional Parcels Description 8375031017
County Los Angeles
Net Operating Income 102920
Operating Expense 63335
Insurance Expense 6000
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 6000
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Merge onto I-10 W Take exit 46 for Towne Ave Turn right onto N Towne Ave Turn left onto E La Verne Ave Turn left onto W Arrow Hwy Turn right onto N White Ave Turn left onto Bonita Ave Turn right onto B St Turn right onto 12th St Turn left
City La Verne
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 8
MLS Area 684 - La Verne
Lot Size Units Square Feet
Lot Size Square Feet 15932
Carport Spaces 10
Carport Y/N true
Number of Units Leased 8
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1000
Fuel Expense 0
Trash Expense 5486
Water Sewer Expense 5486
Additional Parcels Y/N true
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 18
Total Actual Rent 171396
Property Sub Type Additional Quadruplex
Taxes 29432
Cap Rate 4.29
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InteriorTotal Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features None
Entry Level 1
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ExteriorLot Features 6-10 Units/Acre
Water Source Public
Total Parking 12
Lot Size Area 15932
Number of Buildings 2
Spa false
Building Area Total 6300
Lot Size Acres 0.3657
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $15,154
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in La Verne, CA
Average List Price $1,158,471
Percent of Sale Price 52%
About La Verne, CA 32,122 Population
1% Since 2002
$ 79,324 Median Income
42.96 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/18/2026 | $2,400,000 | | Listed Price |