
Loma Linda, California 92354
This 4-plex represents a High-Potential Investment Opportunity, listed at a List Price of $1,050,000. While currently priced slightly above the $1,038,572 Fair Market Value, the property offers significant long-term upside through strategic interior renovations. Featuring central A/C and heat and a prime location just one mile from LLUMC, this Residential Income Asset is positioned to capture high-quality medical tenant demand. With a Condition Rating of 5, this property is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to modernize units and optimize rental yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10923 Rincon Street Subject | $1,050,000* List Price | 0 | 0 | 3,448 | $301 | - |
A 10973 Rincon Street Pending | $1,099,900 List Price | 0 | 0 | 3,448 | $319 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1977 (49 years old) with no mention of recent renovations. The listing explicitly states an 'opportunity for an investor seeking to improve the units,' which typically indicates original or significantly dated interiors. Given the age and the need for improvements to increase rents, the property likely requires a full rehab of kitchens, baths, and potentially aging systems.
Situated just one mile from Loma Linda University Medical Center, the property is ideally positioned to attract a consistent pool of high-quality tenants, including medical professionals and students.
With all four units currently on month-to-month rental agreements, an investor has the immediate flexibility to renovate interiors and transition rents to current market rates.
Each unit features central A/C and heating, providing a significant competitive advantage in the Inland Empire climate and reducing the need for costly HVAC retrofitting.
The property is noted as an opportunity for improvement, implying that units likely require capital expenditure for upgrades to achieve their full income potential.
Built in 1977, the property may face higher long-term maintenance costs or require updates to aging systems compared to newer multi-family assets.
4-plex only one mile to LLUMC! All four units are occupied and on month-to-month rental agreements. Each unit has two bedrooms, one bathroom, and central A/C and heat. This property presents an opportunity for an investor seeking to improve the units and increase rents over time.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,448 | 2,379.333 |
| Lot Size | 8,925 | 7,775 |
| Price | $1.05M | $889.6K |
| Price per sq ft | $305 | $387 |
| Built year | 1977 | 1960 |
| HOA | $0 | $0 |
| Days on market | 22 | 51 |
Aug 18, 2026
$1,050,000
Initial Listing
Jan 31, 2003
$275,000
Public Record
Apr 23, 1998
$160,000
Public Record