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24500 University Avenue

Loma Linda, CA 92354
  • $989,000
  • STATUS: Active Under Contract
  • ON SITE: 19 Days
  • MLS #: EV21265083
Under Contract
UPDATED: 57 min ago
$989,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Listing Agent(s): Debra Hanna of Debra Hanna Broker (909-528-2512)


Description

This is an amazing opportunity to own a permitted triplex within the coveted walk zone of Loma Linda University and Medical Center. Zoned R3, originally purchased as an SFR. Found out it was actually a duplex and then an addition was permitted and converted into a 3rd unit. With over 14,000 employees and 4,000 students you will never have to worry about vacancies. The property generates over $67,000 annual income with the rents as follows. $2500 3 Bed/2 bath unit (lease until 4/22), $1100 1 Bed/1 Bath (June 2022) and $2000 for a new 1 Bed/ 1 Bath unit (March 2022) that is fully furnished. Long wide driveway and large backyard. New paint, new floors, new appliances and upgraded fixtures, etc throughout. The property is fully permitted and occupied with all tenants on a lease. Property consists of 2 electric meters, 1 water meter and 1 gas meter. Main unit and fully furnished unit each have their own laundry. Drive by only, please do not disturb tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-18T07:28:14.42. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/124336292
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24500 University Avenue Loma Linda, CA 92354

  • Price: $989,000
  • Status: Active Under Contract
  • On Site: 19 Days
  • Updated: 57 min ago
  • MLS #: EV21265083
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1952
Built
Neighborhood:
267 - Loma Linda
County:
San Bernardino
Area:
267 - Loma Linda
Property Description
This is an amazing opportunity to own a permitted triplex within the coveted walk zone of Loma Linda University and Medical Center. Zoned R3, originally purchased as an SFR. Found out it was actually a duplex and then an addition was permitted and converted into a 3rd unit. With over 14,000 employees and 4,000 students you will never have to worry about vacancies. The property generates over $67,000 annual income with the rents as follows. $2500 3 Bed/2 bath unit (lease until 4/22), $1100 1 Bed/1 Bath (June 2022) and $2000 for a new 1 Bed/ 1 Bath unit (March 2022) that is fully furnished. Long wide driveway and large backyard. New paint, new floors, new appliances and upgraded fixtures, etc throughout. The property is fully permitted and occupied with all tenants on a lease. Property consists of 2 electric meters, 1 water meter and 1 gas meter. Main unit and fully furnished unit each have their own laundry. Drive by only, please do not disturb tenants.
Exterior Features

Lot Features Back YardSprinklers In RearSprinklers In FrontYard Number Of Separate Electric Meters 2 Parking Features Assigned Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas OvenGas RangeMicrowaveRefrigeratorWater HeaterDryerWasher Common Walls 2+ Common Walls Cooling Central AirWall/Window Unit(S)Zoned Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring VinylWood Heating CentralZoned Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.5 Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSuburbanSidewalks Current Financing Conventional Electric Expense 1200 Fuel Expense 720 Garage YN No Gross Income 0 Gross Scheduled Income 67080 Insurance Expense 1020 Land Lease YN No Laundry Features Gas Dryer HookupInsideLaundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 ExchangeSubmit Net Operating Income 55080 New Construction YN No New Taxes Expense 7500 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 12000 Other Expense 600 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 5600 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 0 Water Sewer Expense 1560 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-18T07:28:14.42. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Debra Hanna of Debra Hanna Broker (909-528-2512)