$1,925,000
$1,999,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
6,257 Sqft Lot
SOLD DATE : 09/02/2022
Key Details
Sold Price $1,925,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID EV22132248
Sold Date 09/02/22
Bedrooms 4
HOA Y/N No
Lot Size 6,257 Sqft
Property Description
LLUMC WALKZONE PROPERTY - 8 UNITS TOTAL on two separate parcels. Truly unique INVESTMENT opportunity in Loma Linda within walking distance to the university and medical center. Property consists of four duplex style separate houses with two units in each one. Property also has 8 off street parking spaces along with a storage room, two basements for extra storage and a community laundry room. All EIGHT units have been recently remodeled and are in turn key condition, located in a HIGH DEMAND rental area. Units are fully occupied with a waiting list. There is a high demand for both temporary and long term housing in the area due to the patient treatment centers and nearby hospital and university. Opportunity to increase rents . Property consists of 7 one bedroom/one bathroom units and one large one bedroom with office/one bathroom unit. Current rents are $11,050 per month plus $200 in laundry income. Seller pays some utilities All apartments have been remodeled and are in turn key condition. Flexible financing opportunities as the property consists of two residential 4-unit parcels and can be financed with residential multifamily loans or a commercial loan. Professional Photos coming soon. Act quickly as this unique property will not last.
LLUMC WALKZONE PROPERTY - 8 UNITS TOTAL on two separate parcels. Truly unique INVESTMENT opportunity in Loma Linda within walking distance to the university and medical center. Property consists of four duplex style separate houses with two units in each one. Property also has 8 off street parking spaces along with a storage room, two basements for extra storage and a community laundry room. All EIGHT units have been recently remodeled and are in turn key condition, located in a HIGH DEMAND rental area. Units are fully occupied with a waiting list. There is a high demand for both temporary and long term housing in the area due to the patient treatment centers and nearby hospital and university. Opportunity to increase rents . Property consists of 7 one bedroom/one bathroom units and one large one bedroom with office/one bathroom unit. Current rents are $11,050 per month plus $200 in laundry income. Seller pays some utilities All apartments have been remodeled and are in turn key condition. Flexible financing opportunities as the property consists of two residential 4-unit parcels and can be financed with residential multifamily loans or a commercial loan. Professional Photos coming soon. Act quickly as this unique property will not last.
Location
State CA
County San Bernardino
Area Loma Linda (92354)
Zoning Appraiser
Interior
Cooling Heat Pump(s), Wall/Window
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, FHA, VA
Space Rent $1,500
Listing Terms Cash, Conventional, FHA, VA
Financing Conventional
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Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY