25675 Prospect Avenue, Loma Linda, CA 92354
- $7,295,000
- List Price
- $7,295,000
- Status
- ACTIVE
- MLS#
- OC25051042
- Year Built
- 1972
- Lot Size
- 32,849
- Acres
- 0.75
- Lot Location
- 26-30 Units/Acre
- Days on Market
- 186
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Call For Offers 6/18. The Prospect Apartments, 25 apartment units located at 25675 & 25695 Prospect Avenue, Loma Linda, California. 1.5 mile south of the 10 freeway and walking distance to the VA Hospital. The tenants have excellent access to transportation and 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 and twenty-one 2 bedroom / 2 bath units. Each unit is separately metered for gas and electric. The parking is ample with assigned carport, open and 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.
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Additional Information
- Appliances
- Electric Cooktop, Electric Oven, Electric Range, Tankless Water Heater, Water Heater
- Pool Description
- None
- Fireplace Description
- Bath, Electric, Family Room, Kitchen, Living Room, Primary Bedroom
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air, Electric
- View
- Mountain(s)
- Exterior Construction
- Drywall, Copper Plumbing
- Roof
- Spanish Tile
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Multiple Staircases, Phone System
- Attached Structure
- Attached
- Number Of Units Total
- 25
- Gross Scheduled Income
- $611,503
- Operating Expense
- 208993
Listing courtesy of Listing Agent: Jonathan Mitchell (jon.mitchell@kidder.com) from Listing Office: Kidder Mathews of California, Inc.
Mortgage Calculator
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