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Listed by Jonathan Mitchell • Kidder Mathews of California, Inc
$7,295,000
Est. payment /mo
19,396 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,396 sqft
Price per Sqft $376
MLS Listing ID CROC25051042
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1972
Lot Size 0.754 Acres
Property Sub-Type Other
Property Description
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.
Location
State CA
County San Bernardino
Interior
Heating Other
Cooling Central Air, Other
Flooring Laminate
Fireplace No
Appliance Tankless Water Heater
Laundry Other
Exterior
View Mountain(s)
Handicap Access Other
Building
Water Public
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