2
See all 2 photos
$6,595,000
Est. payment /mo
3 Beds
3 Baths
0.75 Acres Lot
Price Dropped by $400K
25675 Prospect Avenue Loma Linda, CA 92354
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25051042
Bedrooms 3
Lot Size 0.754 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Price Reduced $800,000. The Prospect Apartments, 25 apartment units located at 25675 & 25695 Prospect Avenue, Loma Linda, California. 1.5 mile south of the 10 freeway and walking distance to the VA Hospital. The tenants have excellent access to transportation and 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 and twenty-one 2 bedroom / 2 bath units. Each unit is separately metered for gas and electric. The parking is ample with assigned carport, open and 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.
Location
State CA
County San Bernardino
Zoning Assessor
Direction 1.5 Mile South of 10 Freeway, exit Mountain View
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 0284153130000
Acceptable Financing Cash
Listing Terms Cash
Listed by Jonathan Mitchell, DRE#01227852 Kidder Mathews of California, Inc
NEARBY SCHOOL & BUSINESS