25432 Cole Street, Loma Linda, California 92354, Loma Linda, 92354 - bed, bath

25432 Cole Street, Loma Linda, California 92354 home-pic-0
ACTIVE$3,000,000
25432 Cole Street, Loma Linda, California 92354
0Bed
0Bath
9,200Sqft
16,306Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Flexible Investment Strategy: The complex was originally planned for individual resale with separate meters, offering investors the flexibility to sell units as condos in the future.
Top Cons:
Lack of Common Area Amenities: The description does not mention any shared complex amenities such as a pool, gym, or clubhouse, which could be a competitive disadvantage for some renters.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 2016 (9 years old).
Condition: Built in 2016, this property is relatively new. The listing explicitly states that the units are 'completely updated' and equipped with 'brand-new stove/oven combos, microwaves, and dishwashers.' This indicates a very recent renovation, likely within the last 5 years, bringing all components to a virtually new condition. The description also highlights central HVAC and heating systems, and individual two-car garages with laundry facilities, all consistent with modern standards and minimal depreciation. The overall condition, particularly the updated kitchens and bathrooms with new appliances, aligns perfectly with the 'excellent' criteria.
Year Built
2016
Close
-
List price
$3M
Original List price
$3.2M
Price/Sqft
$326
HOA
-
Days on market
-
Sold On
-
MLS number
CV23196087
Home ConditionExcellent
Features
View-

About this home

Welcome to an exceptional investment opportunity. A prestigious three-story townhome/condo-style apartment complex designed with the savvy investor in mind. Each unit was originally planned as an independent townhome or condo, equipped with separate meters, allowing for the potential of individual resale in the future, adding flexibility to your investment portfolio. Situated in an advantageous location, this complex offers proximity to the thriving "HUB" Shopping Center, which houses prominent retailers such as Sam's Club, dining destinations like In-N-Out, BJ's Restaurant & Brewhouse, El Pollo Loco, and essential banking facilities. The units themselves are expertly designed, each offering two spacious master bedrooms and two and a half baths, accompanied by a private balcony, adding to their desirability among tenants. Central HVAC and heating systems ensure year-round comfort, while the convenience of an individual two-car garage with laundry facilities enhances your property's rental appeal. Ample parking options are available for both residents and their guests, simplifying the property management process. These meticulously maintained units, now completely updated and ready for occupancy, boast exceptional curb appeal and are located in a rental-friendly area known for its array of amenities. The complex, constructed in 2016, minimizes your maintenance costs, offering a secure investment option. In addition to these attractive features, consider the robust demographics within a 2-mile radius, with an average household income of approximately $80,285. This area is a magnet for renters, further bolstering the property's income potential. Monthly rental rates currently average around $2,800 per unit in the area, ensuring strong and consistent cash flow. Easy to rent to Dr's, Nurses on "travelingnursehousing.com or Furnishedfinder.com" for top rental income and quickly! Furthermore, all five units are equipped with brand-new stove/oven combos, microwaves, and dishwashers, reducing maintenance and upkeep costs. This newer built complex isn't just an investment; it's a strategic venture that combines luxury and practicality. Now, with the units completely updated and ready for your new tenants, it's a prime choice for the discerning investor looking to expand their multi-family portfolio. Don't miss this opportunity to secure a slice of the real estate market's steady income potential.

Condition Rating
Excellent

Built in 2016, this property is relatively new. The listing explicitly states that the units are 'completely updated' and equipped with 'brand-new stove/oven combos, microwaves, and dishwashers.' This indicates a very recent renovation, likely within the last 5 years, bringing all components to a virtually new condition. The description also highlights central HVAC and heating systems, and individual two-car garages with laundry facilities, all consistent with modern standards and minimal depreciation. The overall condition, particularly the updated kitchens and bathrooms with new appliances, aligns perfectly with the 'excellent' criteria.
Pros & Cons

Pros

Flexible Investment Strategy: The complex was originally planned for individual resale with separate meters, offering investors the flexibility to sell units as condos in the future.
Modern Construction & Low Maintenance: Built in 2016 and recently updated with brand-new appliances, the property minimizes immediate and long-term maintenance costs for the investor.
High-Demand Unit Features: Each unit offers two spacious master bedrooms, 2.5 baths, a private balcony, central HVAC, and an individual two-car garage with laundry, appealing to a broad tenant base.
Strategic Location & Amenities: Situated advantageously near the 'HUB' Shopping Center, providing tenants with convenient access to prominent retailers, dining, and banking facilities.
Robust Rental Market & Demographics: Located in a rental-friendly area with strong demographics (average household income $80,285) and high demand from professionals like doctors and nurses, ensuring strong cash flow potential.

Cons

Lack of Common Area Amenities: The description does not mention any shared complex amenities such as a pool, gym, or clubhouse, which could be a competitive disadvantage for some renters.
Potential for Undisclosed HOA/Management Costs: As a multi-unit complex with potential for individual resale, there are likely HOA or property management fees that are not detailed, impacting net operating income.
Market Competition & Saturation Risk: While the area is rental-friendly, the analysis lacks information on the current competitive landscape or potential for market saturation from similar new developments, which could affect future rental rates or occupancy.

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