25432 Cole Street
Loma Linda, CA, 92354 $ 3,200,000
Baths0.0 Sq 9,200 Monthly Estimate*
$ 21,268
Listed by CENTURY 21 CITRUS REALTY INC
Studio
for $3,200,000. This 9,200 square foot building was built in 2016 on a lot size of 0.3743.
Welcome to an exceptional investment opportunity presented by C21 Commercial – 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!
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FeaturesGeneralHeating ForcedAir
Cooling CentralAir
Utilities ElectricityConnected NaturalGasConnected SewerConnected
Roof Composition Shingle
Construction Materials Stucco
Year Built 2016
Electric ElectricityOnProperty
Property SubType MultiFamily
County San Bernardino
Net Operating Income 149760.0
Operating Expense 40320.0
Insurance Expense 2500.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Barton Road & Mountain View Ave
City Loma Linda
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 5
MLS Area 267 - Loma Linda
Lot Size Units SquareFeet
Lot Size Square Feet 16306.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Cole
Listing Terms Cash CashtoNewLoan Item1031Exchange OwnerMayCarry
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Current Financing None
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://radrealestateservices.aryeo.com/sites/25432-cole-st-loma-linda-ca-2837380/branded https://radrealestateservices.aryeo.com/sites/25432-cole-st-loma-linda-ca-2837380/branded
Days on Market 213
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Vacant
Year Built Source Builder
Property Sub Type Additional MultiFamily
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ExteriorFencing Block Wood
Lot Features Item25UnitsAcre NearPublicTransit
Water Source Public
Lot Size Area 16306.0
Number of Buildings 3
Spa N
Building Area Total 9200.0
Street Suffix Street
Lot Size Acres 0.3743
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 3
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features InGarage
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesList ByCentury 21 Citrus Realty IncBroker
Affordability Calculator
- Monthly Principal & Interest
- $21,268
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Loma Linda, CA
Average List Price $1,726,667
Percent of Sale Price 46%
About Loma Linda, CA 24,010 Population
28% Since 2002
$ 56,033 Median Income
35.82 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
10/20/2023 | $3,200,000 | | Listed Price |