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Shanne Carvalho

shanne@shannecarvalho.com +1(831) 588-2374

Listed by Jonathan Mitchell, DRE #01227852 • Kidder Mathews of California, Inc

$ 6,595,000

Est. payment -/mo

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Price Dropped by $400K

25675 Prospect AVE Loma Linda, CA 92354

0.75 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC25051042

Year Built 1972

Lot Size 0.754 Acres

Source California Regional MLS

Property Description

Price Reduced $800,000. 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.

Location

State CA

County San Bernardino

Area 267 - Loma Linda

Rooms

Kitchen Other, Oven Range - Electric, Oven - Electric

Interior

Heating Central Forced Air

Cooling Central AC, Central Forced Air - Electric

Flooring Laminate

Laundry Laundry Area, Washer/Dryer - Leased

Exterior

Parking Features Assigned Spaces, Other

Garage Spaces 50.0

Pool 31, None

View Hills

Roof Type Tile

Building

Foundation Other

Water Hot Water, District - Public

Others

Tax ID 0284153130000

Special Listing Condition Not Applicable

Nearby Locations

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+1(831) 588-2374

shanne@shannecarvalho.com

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