Loma Linda, CA 92354 25432 Cole Street

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Presented By: Albert Rodriguez with CENTURY 21 CITRUS REALTY INC; 626-255-4854
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# CV23196087
  • 10/20/2023
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 10
  • Full/Half Baths • 10 / 5
  • SQFT • 9,200
  • Garage • 10

Home Details

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.
Presented By: Albert Rodriguez with CENTURY 21 CITRUS REALTY INC; 626-255-4854

Interior Features for 25432 Cole Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInGarage
Total Stories3

Other Rooms

Entry Level1

General for 25432 Cole Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLoma Linda
Community FeaturesDogPark, Sidewalks
Construction MaterialsStucco
CoolingCentralAir
CountySan Bernardino
Current FinancingNone
DirectionsBarton Road & Mountain View Ave
ElectricElectricityOnProperty
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces10.0
Garage Y/NYes
Gross Income144000.0
HOANo
HeatingForcedAir
Home Warranty Y/NNo
Insurance Expense10500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet16306.0
Lot Size UnitsSquareFeet
MLS Area267 - Loma Linda
MobileHomeRemainsYNNo
Net Operating Income126552.0
New ConstructionNo
Number Of Units Total5
Operating Expense17448.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot1000
Trash Expense3996.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built2016
Year Built SourceBuilder

Exterior for 25432 Cole Street

Building Area Total9200.0
Crops Included Y/NNo
FencingBlock, Wood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, NearPublicTransit
Lot Size Acres0.3743
Lot Size Area16306.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters6
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking10.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,000,000
MLS#CV23196087
List Date 10/20/2023
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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