This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. The Loma Linda Apartments, 25 apartment units located at 25675 & 25695 Prospect Avenue, Loma Linda, California. Located just a 1 mile south of the 10 freeway and walking distance to VA Hospital. The tenants have excellent access to transportation & employment. The Apartments are located on a quiet cul-de-sac within walking distance to Barton Road which offers numerous retail shopping and restaurants. The unit mix consists of four 1 bedroom/ 1 bathroom & twenty-one 2 bedroom / 2 bath units. Each unit is separately metered for gas and electric. The parking is ample with assigned carport, open & street parking. The local apartment market in the city of Loma Linda remains robust/tight and thus this property offers an investor the ability to capture quality residents seeking a well-located neighborhood with convenient access to a wide variety of retail, transportation and educational amenities with realistic rental upside. This overall demand for well-located work force apartments will be a key driver in the continued growth at 25675 & 25695 Prospect Avenue, Loma Linda, California.
Fully occupied two story 4 plex in very desirable area in Loma Linda. Incredible demand of rental, almost never been vacant. Each unit with 2 bedrooms and 1 full bath 862 Sqft. Covered parking in rear. Located in the coveted "Walk Zone" just minutes to Loma Linda University and the Medical Center. Laundry room located on lower level. Complex is in good condition. Buyer to satisfy themselves as to condition of property and perform all due diligence and inspections.
Discover a lucrative investment opportunity with this exceptional multi-family property in the heart of Loma Linda. Strategically located just steps away from Loma Linda University Medical Center, this property offers unparalleled potential for consistent rental income and long-term appreciation. Don't miss this chance to secure a prime investment property in one of Southern California's most sought-after locations. Contact us today to explore the endless possibilities of this exceptional opportunity.
*** Institutional-Health Care Zone ( I-HC) *** Extraordinary development opportunity in a prime location. *** Approximately one acre of land next to the VA hospital. Walking distance to Loma Linda University (LLU) Medical Center. The city has been a national health and wellness research center for decades. *** The primary intent of the Institutional-Health Care Zone is to accommodate hospitals, medical clinics, medical research facilities, rehabilitation centers, and residential facilities that provide a high degree of medical care and supervision. This zone also allows employee housing to be used as an accessory. The zone also accommodates educational institutions and religious assembly uses. Student housing and employee housing. (See the Supplement attached) *** Two parcels: 25405 Cole St. ( APN: 0284-142-08, Lot Size: 41,495 Sqft, Building Size: 4,146 Sqft ) & 25417 Cole St. (APN: 0284-142-07, Lot Size: 1,950 Sqft, Building Size:600 sqft.) *** Total of five units: one of 3 beds, one of 1 bed, one of 4 beds, and the duplexes have two of 2 beds. Buyer to satisfy square footage. Buyer to verify the zoning with the city planner! PLEASE DO NOT WALK ON PROPERTY.
Welcome to an exceptional investment opportunity. A prestigious three-story townhome/condo-style apartment complex designed with the savvy investor in mind. Each unit was originally planned as an independent townhome or condo, equipped with separate meters, allowing for the potential of individual resale in the future, adding flexibility to your investment portfolio. Situated in an advantageous location, this complex offers proximity to the thriving "HUB" Shopping Center, which houses prominent retailers such as Sam's Club, dining destinations like In-N-Out, BJ's Restaurant & Brewhouse, El Pollo Loco, and essential banking facilities. The units themselves are expertly designed, each offering two spacious master bedrooms and two and a half baths, accompanied by a private balcony, adding to their desirability among tenants. Central HVAC and heating systems ensure year-round comfort, while the convenience of an individual two-car garage with laundry facilities enhances your property's rental appeal. Ample parking options are available for both residents and their guests, simplifying the property management process. These meticulously maintained units, now completely updated and ready for occupancy, boast exceptional curb appeal and are located in a rental-friendly area known for its array of amenities. The complex, constructed in 2016, minimizes your maintenance costs, offering a secure investment option. In addition to these attractive features, consider the robust demographics within a 2-mile radius, with an average household income of approximately $80,285. This area is a magnet for renters, further bolstering the property's income potential. Monthly rental rates currently average around $3,200 per unit, ensuring strong and consistent cash flow. Easy to rent to Dr's, Nurses on "travelingnursehousing.com or Furnishedfinder.com" for top rental income and quickly! Furthermore, all five units are equipped with brand-new stove/oven combos, microwaves, and dishwashers, reducing maintenance and upkeep costs. This complex isn't just an investment; it's a strategic venture that combines luxury and practicality. Now, with the units completely updated and ready for your new tenants, it's a prime choice for the discerning investor looking to expand their multi-family portfolio. Don't miss this opportunity to secure a slice of the real estate market's steady income potential.
Loma Linda is located in California. Loma Linda, California has a population of 24,712. Loma Linda is less family-centric than the surrounding county with 22.95% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Loma Linda, California is $63,272. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Loma Linda is 37.3 years.
The average high temperature in July is 95.2 degrees, with an average low temperature in January of 41.5 degrees. The average rainfall is approximately 13.3 inches per year, with 0 inches of snow per year.
