La Verne, CA 91750,2053 Bonita AVE
La Verne, CA 91750,2053 Bonita AVE
La Verne, CA 91750,2053 Bonita AVE
La Verne, CA 91750,2053 Bonita AVE
La Verne, CA 91750,2053 Bonita AVE
La Verne, CA 91750,2053 Bonita AVE
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$4,400,000

$4,475,000

1.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

0.8 Acres Lot


SOLD DATE : 06/02/2020

Key Details

Sold Price $4,400,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV20003714

Sold Date 06/02/20

HOA Y/N No

Year Built 1959

Lot Size 0.800 Acres

Acres 0.8

Property Description

The Wright Associated Companies is pleased to offer this NNN leased investment with a CAP rate of 6.1% for 2020 plus annual escalations. This is a 34,934 square foot premier corner lot with a beautiful 10,166 square foot fully occupied mixed use retail building, stand alone ATM Kiosk, garden area, covered grill, outdoor patio areas and a 53 space parking lot, all located adjacent to the University of La Verne at the gateway to the city's Old Town. There is a possibility for additional development at this site, established in the heart of downtown La Verne, the D Street Square connects La Verne's agricultural roots with a vibrant and centrally located mixed-use building. The D Street Square is a lively destination space offering restaurant, retail, and executive office space. Paying tribute to La Verne's rich history in the citrus growing and packing industry, the building's exterior showcases an iconic brick architecture while the rustic interior explores the line between elegant open space design and a vintage industrial/manufacturing era feel.

Location

State CA

County Los Angeles

Area 684 - La Verne

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Central

Fireplace No

Laundry None

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Underground Utilities, Water Connected

Building

Lot Description Corner Lot

Water Public

Others

Tax ID 8377002017

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by THOMAS GIBSON • THE WRIGHT ASSOCIATED COMPANY
Bought with Tiffanie Wang • Keller Williams Premier Prop
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4040 Barranca Pkwy Suite 150, Irvine, CA, 92604

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