25675 Prospect Avenue, Loma Linda, CA 92354
  • MLS#: OC24233904 ( Apartment )
  • Street Address: 25675 Prospect Avenue
  • Viewed: 2
  • Price: $7,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1972
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: SAN BERNARDINO
  • City: Loma Linda
  • Zipcode: 92354
  • Provided by: Mark Bridge, Broker
  • Contact: Mark Mark
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Building Area Total
  1. 19396.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Electric Expense
  1. 4263.00
Entry Location
  1. First
Fuel Expense
  1. 9761.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 13695.00
Laundry Features
  1. Community
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 21-25 Units/Acre
Netoperatingincome
  1. 357560.00
Number Of Separate Electric Meters
  1. 26
Number Of Separate Gas Meters
  1. 26
Parcel Number
  1. 0284153130000
Parking Features
  1. Assigned
  2. Covered
Pool Features
  1. None
Professionalmanagementexpense
  1. 24000.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 427265645:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 206099.00
Trash Expense
  1. 10243.00
Utilities
  1. Cable Available
  2. Natural Gas Connected
  3. Phone Connected
  4. Sewer Connected
  5. Water Connected
Water Sewer Expense
  1. 14316.00
Water Source
  1. Public
Year Built
  1. 1972
Year Built Source
  1. Assessor