NEW PRICE! C21 Commercial is proud to introduce a Luxury three-story townhome/condo-style apartment complex. Originally designed to be individual townhomes/condos each wtih separate meters in the event you would like to complete the process and sell individually. Each with its own individual two-car garage. Each unit has 2 master bedrooms and 2 1/2 baths with a balcony. Walking distance to Loma Linda University, VA hospital, and Loma Linda Hospital. Each unit rented at $2,650.00 per month with $50.00 annual bumps per unit. The complex is located close to shopping, transportation, parks, and schools. Currently, all 5 units are leased out to one person and rents to Veterans administration with an approximate SUMMARY of Benefits approx. 5.95% +-. Solid investment with a solid tenant. Buyers to verify all details. PLEASE DO NOT DISTURB TENANTS Rents will be going up by $3,000 per year starting in August 2022.
- Price:
- $2,999,800
- Square Footage:
- 9,200
- Acreage:
- 0.37
- Year Built:
- 2016
- Listing ID #:
- CV21169261
- Street Address:
- 25432 Cole St
- City:
- Loma Linda
- State:
- California
- Postal Code:
- 92354
- County:
- San Bernardino
- Community:
- Loma Linda
- Listing Status:
- Active Under Contract
- Listing Type:
- Residential Income
- Building Condition:
- Turnkey
- Construction Description:
- Stucco
- Flooring:
- Carpet, Tile, Wood
- Interior Features:
- Balcony
- Number Of Floors In Unit:
- Three Or More
- Number Of Units:
- 5
- Stories:
- 3
- Style:
- Contemporary
- Total # Of Buildings:
- 3
- Total Building Square Footage:
- 9200
- Type Of Roof:
- Composition, Shingle
- Walls:
- 1 Common Wall
- Year Built:
- 2016
- Year Built Source:
- Builder
- Annual Insurance Expenses:
- 2500
- Gross Income:
- 159000
- Net Operating Income:
- 113252
- Operating Expense:
- 40978
- Approximate Lot Size Range Source:
- Assessor
- Lot Size:
- 16306
- Lot Square Footage:
- 16306
- Road Type:
- Paved
- Community Features:
- Dog Park, Park, Sidewalks
- Days On Market:
- 306
- On Market Date:
- 2021-08-24
- Originating Mls:
- Crmls
- Previous Listing Price:
- 3099000
- Terms:
- Cash, Cash To New Loan, 1031 Exchange, Owner May Carry
- Tenant Pays:
- All Utilities
- Laundry:
- In Garage
- Fence:
- Block, Wood
- Garage Parking Spaces:
- 10
- Has Garage:
- Yes
- Parking Description:
- Direct Access, Garage
- Parking Spaces:
- 10
- Appliances:
- Dishwasher
- Cooling System:
- Central Air
- Existing Water:
- Public
- Has Central Air Conditioning:
- Yes
- Heating:
- Forced Air
- Utilities:
- Electricity Connected, Natural Gas Connected
- Unit 1 Monthly Rent:
- 2650
- Unit 1 Total Bathrooms:
- 15
- Unit 1 Total Bedrooms:
- 2
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Agent Albert Rodriguez with CENTURY 21 CITRUS REALTY INC
