25432 Cole Street, Loma Linda, California 92354, Loma Linda, - bed, bath

home-pic
ACTIVE$3,000,000
25432 Cole Street, Loma Linda, California 92354
0Bed
0Bath
9,200Sqft
16,306Lot
Year Built
2016
Close
-
List price
$3M
Original List price
$3.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV23196087
Home ConditionGood
Features
Good View:
View-

About this home

Welcome to an exceptional investment opportunity. A prestigious three-story townhome/condo-style apartment complex designed with the savvy investor in mind. Each unit was originally planned as an independent townhome or condo, equipped with separate meters, allowing for the potential of individual resale in the future, adding flexibility to your investment portfolio. Situated in an advantageous location, this complex offers proximity to the thriving "HUB" Shopping Center, which houses prominent retailers such as Sam's Club, dining destinations like In-N-Out, BJ's Restaurant & Brewhouse, El Pollo Loco, and essential banking facilities. The units themselves are expertly designed, each offering two spacious master bedrooms and two and a half baths, accompanied by a private balcony, adding to their desirability among tenants. Central HVAC and heating systems ensure year-round comfort, while the convenience of an individual two-car garage with laundry facilities enhances your property's rental appeal. Ample parking options are available for both residents and their guests, simplifying the property management process. These meticulously maintained units, now completely updated and ready for occupancy, boast exceptional curb appeal and are located in a rental-friendly area known for its array of amenities. The complex, constructed in 2016, minimizes your maintenance costs, offering a secure investment option. In addition to these attractive features, consider the robust demographics within a 2-mile radius, with an average household income of approximately $80,285. This area is a magnet for renters, further bolstering the property's income potential. Monthly rental rates currently average around $2,800 per unit in the area, ensuring strong and consistent cash flow. Easy to rent to Dr's, Nurses on "travelingnursehousing.com or Furnishedfinder.com" for top rental income and quickly! Furthermore, all five units are equipped with brand-new stove/oven combos, microwaves, and dishwashers, reducing maintenance and upkeep costs. This newer built complex isn't just an investment; it's a strategic venture that combines luxury and practicality. Now, with the units completely updated and ready for your new tenants, it's a prime choice for the discerning investor looking to expand their multi-family portfolio. Don't miss this opportunity to secure a slice of the real estate market's steady income potential.

Condition Rating
Good

The property was built in 2016 and has been updated. The kitchens feature stainless steel appliances and modern cabinetry. The bathrooms have been updated with modern vanities and fixtures. The flooring appears to be in good condition. Overall, the property is move-in ready and well-maintained.
Pros & Cons

Pros

Investment Opportunity: Designed as a townhome/condo-style apartment complex with potential for individual resale due to separate meters.
Prime Location: Proximity to the "HUB" Shopping Center with retailers, dining, and banking facilities.
Desirable Units: Each unit features two master bedrooms, two and a half baths, and a private balcony.
Modern Comforts: Central HVAC, individual two-car garages with laundry facilities, and updated appliances in each unit.
Strong Rental Market: Located in a rental-friendly area with high average household income and potential for strong cash flow, easy to rent to traveling nurses.

Cons

Price Point: The list price of $3,000,000 may be a barrier to entry for some investors, requiring significant capital.
Vacancy Risk: While the area is rental-friendly, vacancy is always a risk and can impact cash flow, especially during economic downturns.
Management Intensive: Managing a five-unit complex, even with updated units, requires active management or hiring a property manager, adding to operational costs.

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