$2,680,000
$2,398,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
10,798 Sqft Lot
SOLD DATE : 06/15/2022
Key Details
Sold Price $2,680,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR21267001
Sold Date 06/15/22
Construction Status Turnkey
HOA Y/N No
Year Built 1968
Lot Size 10,798 Sqft
Property Description
Fantastic investment opportunity! Excellent location! The first time on the market since 1986! A rare 12 unit well maintained two story multifamily building, nine one bedroom one bath units and three two bedroom one bath units, located immediately across the street from the Loma Linda University, Medical School and Dental School. Two short walking blocks from the Loma Linda University Medical Center, a Level 1 Trauma Center which has also been ranked by U.S. News & World Report as the No. 1 hospital in the Riverside and San Bernardino metro area for 2021-2022. The Medical Center is also nationally ranked in gastroenterology & gastrointestinal surgery and is recognized as “High Performing” in 18 other areas. Since the famous infant heart transplant in 1984 when newborn Baby Fae received the heart of a baboon and lived for 20 days; Loma Linda University Health has grown into the internationally recognized leader in infant heart transplantation and the Loma Linda university campus, medical facilities and the surrounding infrastructures and housing have experienced tremendous growth and expansion. Today many of the surrounding residential dwellings have been snapped up by the Loma Linda University and this 12 unit apartment building is truly a rare remaining gem. 5 covered car ports, 12 open parking spaces. Medical, dental and allied health students, interns, staffs, doctors, dentists, nurses and other medical professionals make up the bulk of this medical community. Great tenants and excellent cash flow. Call today. Tenants are not aware of the sale, please do not disturb tenants. Offers subject to interior inspections.
Location
State CA
County San Bernardino
Area 267 - Loma Linda
Zoning C-1
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Carport
Carport Spaces 5
Pool None
Community Features Curbs, Street Lights
Parking Type Carport
Total Parking Spaces 17
Private Pool No
Building
Lot Description Landscaped
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 0284042270000
Acceptable Financing Contract, 1031 Exchange, Submit
Listing Terms Contract, 1031 Exchange, Submit
Financing Contract
Special Listing Condition Standard
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Bought with Tony Lam • Keller Williams Signature
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Realtor® | Lic# 01332311