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Heritage on First 2109 N White Ave 17 Unit Apartment Building $12,485,000 ($734,412/Unit) 4.50% Cap Rate La Verne, CA 91750
Executive Summary
17-Unit Townhome Style Apartment Complex
Sale Price: $12,485,000.00
Occupancy: 9 of 17 Units Leased
APN: 8377-019-032
Lot Size: 24,546 Square Feet
GBA: 22,900 Square Feet
- Newly developed spacious townhomes with 2 car garages, balconies, and more
- Located walking distance to the Gold Line Train Station (Now Operating), with a 30 min ride to Pasadena and a 60 min ride to Downtown Los Angeles
- All New appliances included in each unit
Sale Price: $12,485,000.00
Occupancy: 9 of 17 Units Leased
APN: 8377-019-032
Lot Size: 24,546 Square Feet
GBA: 22,900 Square Feet
- Newly developed spacious townhomes with 2 car garages, balconies, and more
- Located walking distance to the Gold Line Train Station (Now Operating), with a 30 min ride to Pasadena and a 60 min ride to Downtown Los Angeles
- All New appliances included in each unit
Property Facts
| Price | $12,485,000 | Apartment Style | Garden |
| Price Per Unit | $734,412 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 4.50% | Building Size | 22,900 SF |
| No. Units | 17 | Average Occupancy | 53% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | LVPID* - Light Industrial Planned Development | ||
| Price | $12,485,000 |
| Price Per Unit | $734,412 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.57 AC |
| Building Size | 22,900 SF |
| Average Occupancy | 53% |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | LVPID* - Light Industrial Planned Development |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Walk-In Closets
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 12 | - | 1,350 |
| 2+2.5 | 4 | - | 1,300 |
| 4+4 | 1 | - | 1,500 |
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Property Taxes
| Parcel Number | 8377-019-032 | Improvements Assessment | $0 |
| Land Assessment | $3,187,500 | Total Assessment | $3,187,500 |
Property Taxes
Parcel Number
8377-019-032
Land Assessment
$3,187,500
Improvements Assessment
$0
Total Assessment
$3,187,500
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Heritage on First | 2109 N White Ave
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