24555 Canada Street, Loma Linda, California 92354, Loma Linda, - bed, bath
ACTIVE$1,280,000
24555 Canada Street, Loma Linda, California 92354
0Bed
0Bath
3,448Sqft
8,925Lot
Year Built
1977
Close
-
List price
$1.28M
Original List price
$1.35M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24215752
Home ConditionFair
Features
Good View:
View-
About this home
Back in the market. Price reduced. Fully occupied two story 4 plex in very desirable area in Loma Linda. Incredible demand of rental, almost never been vacant. Each unit with 2 bedrooms and 1 full bath 862 Sqft. Covered parking in rear. Located in the coveted "Walk Zone" just minutes to Loma Linda University and the Medical Center. Laundry room located on lower level. Complex is in good condition. Buyer to satisfy themselves as to condition of property and perform all due diligence and inspections.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (9 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,448 | 2,701 | 80% |
| Lot Size | 8,925 | 9,300 | 40% |
| Price | $1.28M | $1.08M | 80% |
| Price per square foot | $371 | $427.5 | 40% |
| Built year | 1977 | 9795980 | 70% |
| HOA | |||
| Days on market | 380 | 253 | 90% |
Condition Rating
Fair
The property was built in 1977. The listing mentions the complex is in good condition, but the images show the exterior is aged. The description suggests that the buyer should perform their own due diligence, which indicates that there may be some issues with the property that are not immediately apparent. Given the age and the lack of specific details about renovations, a 'Fair' score is appropriate. It likely requires minor updates or repairs.
Pros & Cons
Pros
Desirable Location: Located in a highly desirable area of Loma Linda, known for its strong rental demand.
Proximity to Key Amenities: Minutes away from Loma Linda University and Medical Center, making it attractive to students and medical professionals.
Fully Occupied: Currently fully occupied, providing immediate rental income for the buyer.
Covered Parking: Offers covered parking in the rear, a valuable amenity for tenants.
Price Reduction: Recently reduced price, potentially offering a better investment opportunity.
Cons
Due Diligence Required: Buyer is responsible for all due diligence and inspections, potentially uncovering unforeseen issues.
Property Condition: Property is in 'good' condition, but the buyer needs to satisfy themselves as to the actual condition, which may require further investment.
Year Built: Built in 1977, the property may require updates to meet modern standards and tenant expectations.