25432 Cole Street, Loma Linda, CA 92354
  • MLS#: CV23196087 ( Commercial/Residential )
  • Street Address: 25432 Cole Street
  • Viewed: 2
  • Price: $3,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2016
  • Bldg sqft: 0
  • Days On Market: 397
  • Additional Information
  • County: SAN BERNARDINO
  • City: Loma Linda
  • Zipcode: 92354
  • Provided by: CENTURY 21 CITRUS REALTY INC
  • Contact: Albert Albert
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Building Area Total
  1. 9200.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Stucco
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 346
Current Financing
  1. None
Electric
  1. Electricity - On Property
Electric Expense
  1. 0.00
Fencing
  1. Block
  2. Wood
Fuel Expense
  1. 0.00
Garage Spaces
  1. 10.00
Heating
  1. Forced Air
Insurance Expense
  1. 2500.00
Laundry Features
  1. In Garage
Lockboxtype
  1. None
Lot Features
  1. 2-5 Units/Acre
  2. Lot 10000-19999 Sqft
  3. Near Public Transit
Netoperatingincome
  1. 149760.00
Parcel Number
  1. 0284141080000
Pool Features
  1. None
Postalcodeplus4
  1. 3185
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Property Condition
  1. Turnkey
Roof
  1. Composition
  2. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 404030769:CRM
Totalexpenses
  1. 2500.00
Trash Expense
  1. 0.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
Virtual Tour Url
  1. https://radrealestateservices.aryeo.com/sites/25432-cole-st-loma-linda-ca-2837380/branded
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 2016
Year Built Source
  1. Builder