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25432 Cole Street

Loma Linda, CA 92354
  • $2,999,800
  • STATUS: Active Under Contract
  • ON SITE: 313 Days
  • ID#: CV21169261
Under Contract
UPDATED: 71 min ago
$2,999,800
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2016
County:

School Ratings & Info

Listing Agent(s): Albert Rodriguez of Century 21 Citrus Realty Inc (909-592-8500)


Description

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 TENANTSRents will be going up by $3,000 per year starting in August 2022.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-04T09:29:12.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/120779538
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25432 Cole Street Loma Linda, CA 92354

  • Price: $2,999,800
  • Status: Active Under Contract
  • On Site: 313 Days
  • Updated: 71 min ago
  • ID#: CV21169261
0
Beds
0
Baths
0
½ Baths
0.37
Acres
2016
Built
Neighborhood:
267 - Loma Linda
County:
San Bernardino
Area:
267 - Loma Linda
Property Description
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 TENANTSRents will be going up by $3,000 per year starting in August 2022.
Exterior Features

Architectural Style Contemporary Construction Materials Stucco Fencing BlockWood Number Of Separate Electric Meters 6 Parking Features Direct AccessGarage Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof CompositionShingle

Interior Features

Appliances Dishwasher Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Flooring CarpetTileWood Heating Forced Air Heating YN Yes Interior Features Balcony

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Dog ParkParkSidewalks Current Financing None Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 159000 Gross Scheduled Income 159000 Insurance Expense 2500 Land Lease YN No Laundry Features In Garage Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 ExchangeOwner May Carry Net Operating Income 113252 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 6 Operating Expense 40978 Possession Close Plus 3 Days Property Condition Turnkey Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Utilities Electricity ConnectedNatural Gas Connected Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-04T09:29:12.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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Zen Ziejewski and Team | Keller Williams Realty
27101 Puerta Real #150
Mission Viejo CA, 92691
Listing Agent(s): Albert Rodriguez of Century 21 Citrus Realty Inc (909-592-8500)