$990,000
$989,000
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24500 University AVE Loma Linda, CA 92354
9,180 Sqft Lot
Key Details
Sold Price $990,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CREV21265083
Sold Date 02/27/22
Originating Board California Regional MLS
Year Built 1952
Lot Size 9,180 Sqft
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.
Location
State CA
County San Bernardino
Area 267 - Loma Linda
Rooms
Kitchen Oven - Gas, Oven Range - Gas, Microwave, Refrigerator
Interior
Heating Central Forced Air, 13
Cooling Central AC, Window / Wall Unit, 9
Laundry Dryer, Gas Hookup, In Laundry Room, Other, Washer
Exterior
Parking Features Assigned Spaces
Pool None, 31
View None
Building
Story One Story
Water District - Public, Hot Water
Others
Tax ID 0284031010000
Special Listing Condition Not Applicable
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Bought with RYAN HUTCHISON