Properties
Loma Linda, CA 92354 25675 Prospect Avenue
$6,995,000
Presented By: Jonathan Mitchell with Kidder Mathews of California, Inc; 949-557-5000
Baths • 1
SQFT • 19,396
Home Details
Price Reduced $400,000. 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.
Presented By: Jonathan Mitchell with Kidder Mathews of California, Inc; 949-557-5000
Interior Features for 25675 Prospect Avenue
Other Interior Features
Air Conditioning Y/NYes
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesBath, Electric, FamilyRoom, Kitchen, LivingRoom, PrimaryBedroom
Fireplace Y/NYes
FlooringLaminate
Heating Y/NYes
Interior AmenitiesMultipleStaircases, PhoneSystem
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 25675 Prospect Avenue
AccessibilitySafeEmergencyEgressFromHome
Additional Parcels Y/NNo
AppliancesElectricCooktop, ElectricOven, ElectricRange, TanklessWaterHeater, WaterHeater
Building Area UnitsSquareFeet
Cap Rate5.54
Carport Spaces25
Carport Y/NYes
CityLoma Linda
Community FeaturesCurbs
Construction MaterialsDrywall, CopperPlumbing
CoolingCentralAir, Electric
CountySan Bernardino
Directions1.5 Mile South of 10 Freeway, exit Mountain View
ElectricStandard
Electric Expense3864
Entry LocationStreet
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income589416
HOANo
HOA Fee$
HeatingCentral
Insurance Expense16857
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan
Lot Size Square Feet32849
Lot Size UnitsSquareFeet
MLS Area267 - Loma Linda
MaintenanceExpense21001
Net Operating Income387606
New ConstructionNo
Number Of Units Total25
Number of Units Leased25
Open Parking Spaces25
Operating Expense193607
Pool FeaturesNone
PostalCityLOMA LINDA
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofSpanishTile
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, ResidentManager, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot1
Taxes$76,989
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent49121
Trash Expense10942
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewMountains
Water Sewer Expense15801
Year Built1972
Year Built SourceAssessor
Exterior for 25675 Prospect Avenue
Building Area Total19396
FencingGoodCondition, Masonry
Foundation DetailsTieDown
Lot FeaturesTwentySixToThirtyUnitsAcre
Lot Size Acres0.7541
Lot Size Area32849
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters25
Number of Separate Gas Meters25
Number of Separate Water Meters1
Parking FeaturesAssigned, Concrete
Pool Charge0
Private PoolNo
SpaNo
Total Parking50
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
