Michelle Esquivel
michelle@michellehomesellingteam.com
Michelle Esquivel
michelle@michellehomesellingteam.com0.37 Acres Lot
0.37 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV23194312
HOA Y/N No
Year Built 2016
Lot Size 0.374 Acres
Property Description
Situated in an advantageous location, this complex offers proximity to the thriving Loma Linda University and hospital! The "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, with the convenience of an oversized 2 car garage with laundry facilities.
Ample parking options are available for both residents and their guests, simplifying the parking for your Tenants and guests.
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 especially from the University, Loma Linda and VA hospital in close proximity!
Monthly rental rates currently average around $2,600 per unit, 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 complex isn't just an investment; it's a strategic venture that combines luxury and practicality. The units are completely updated and ready for a the discerning investor looking to expand their multi-family portfolio. Don't miss this opportunity!
Location
State CA
County San Bernardino
Area 267 - Loma Linda
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry In Garage
Exterior
Fence Block, Wood
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
Roof Type Composition,Shingle
Total Parking Spaces 8
Building
Lot Description 2-5 Units/Acre, Near Public Transit, Level
Story 3
Water Public
Others
Tax ID 0284141080000
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
michelle@michellehomesellingteam.com
515 S Myrtle Ave, Monrovia, CA, 91016, USA