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Listed by Mark.Bridge@cushwake.com - Mark Bridge - DRE #01316702 - Mark Bridge, Broker 949-474-4004

$7,000,000

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25675 Prospect Avenue Loma Linda, CA 92354

Apartment Residence

Beds

Baths

19,396 Sq. Ft.

0.75 Acre Lot

Property Activity

Time on Site

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Days on Market

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Last updated on 11/15/2024 12:32 PM

Listing Details

This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. The Loma Linda Apartments, 25 apartment units located at 25675 & 25695 Prospect Avenue, Loma Linda, ...California. Located just a 1 mile south of the 10 freeway and walking distance to VA Hospital. The tenants have excellent access to transportation & 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 & twenty-one 2 bedroom / 2 bath units. Each unit is separately metered for gas and electric. The parking is ample with assigned carport, open & 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. Continue reading

MLS#

OC24233904

Property Type

Apartment

Status

Year Built

1972

Square Feet

19,396 sq. ft

Lot Size

0.75

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