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Listed by Tony Burton, DRE #01014173 • Burton Commercial, Inc.
$899,000
Est. payment /mo
0.3 Acres Lot
Price Dropped by $31K
10567 Ohio Loma Linda, CA 92354
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSW26186913
Year Built 1930
Lot Size 0.303 Acres
Property Sub-Type Triplex
Source California Regional MLS
Property Description
PLEASE SEE NEARBY SALE COMP IN SUPPLEMENTS ATTACHED FOR $1,248,000!! SIMILAR BED/BATH COUNT AND SIMILAR DISTANCE FROM UNIVERSITY!!! That's why this is a rare great offering. Just minutes north of the University and south of Redlands Blvd. Property consists of a large 2,500 SF +/-, 3 bed 2 bath freestanding home with it's own private fenced front & rear yard in the front of the property. And a duplex in rear of the property that consists of two 2 bed 1 bath for each duplex unit. PLEASE SEE 3&2 and 2&1 RENT COMPS IN SUPPLEMENTS ATTACHED! Further, there is excess land of a building pad that can accommodate 4+ plus units. All property and units have been remodeled like new. Front house has all its own utilities including its own water meter that tenants sign up for and pay for SO LANDLORD DOESN'T HAVE TO PAY WATER!!. The front house is vacant but we have a tenant lined up to pay $3,500 monthly if your buyer wants. The front house has it's own laundry room inside, and the duplex has its own laundry room. At Actual Rents (including prospective tenant) we're putting out a better than market 7.05% Cap Rate!!! At market rents, we're putting out a 9.48 Gross Rent Multiplier, an impressive 9.16% Cap Rate, and an EYEOPENING 17.00% CASH ON CASH RETURN!!. Please see this data along
Location
State CA
County San Bernardino
Area 267 - Loma Linda
Interior
Cooling Central AC
Laundry In Laundry Room, Other
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 0283114350000
Special Listing Condition Not Applicable
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