Loma Linda, CA 92354 25675 Prospect Avenue
$7,295,000
Presented By: Jonathan Mitchell with Kidder Mathews of California, Inc; 949-557-5000
Beds • 46
Baths • 3
SQFT • 19,396
Year Built • 1972
Home Details
Call For Offers 6/18. The Prospect Apartments, 25 apartment units located at 25675 & 25695 Prospect Avenue, Loma Linda, California. 1.5 mile south
of the 10 freeway and walking distance to the VA Hospital. The tenants have excellent access to transportation
and employment. The Apartments are located on a quiet cul-de-sac within walking distance to Barton Road which offers numerous retail shopping and
restaurants. The unit mix consists of four 1 bedroom / 1 bathroom and twenty-one 2 bedroom / 2 bath units. Each unit is separately metered for gas and electric. The parking is ample with assigned carport, open and street parking. The local apartment market in the city of Loma Linda remains robust/tight and thus this property offers an investor the ability to capture quality residents seeking a well-located neighborhood with convenient access to a wide variety of retail, transportation and educational amenities with realistic rental upside. This overall demand for well-located work force apartments will
be a key driver in the continued growth at 25675 &25695 Prospect Avenue, Loma Linda, California.
Presented By: Jonathan Mitchell with Kidder Mathews of California, Inc; 949-557-5000
Interior Features for 25675 Prospect Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesBath, Electric, FamilyRoom, Kitchen, LivingRoom, PrimaryBedroom
Fireplace Y/NYes
FlooringLaminate
Heating Y/NYes
Interior AmenitiesMultipleStaircases, PhoneSystem
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 25675 Prospect Avenue
AccessibilitySafeEmergencyEgressFromHome
Additional Parcels Y/NNo
AppliancesElectricCooktop, ElectricOven, ElectricRange, TanklessWaterHeater, WaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.27
Carport Spaces25.0
Carport Y/NYes
CityLoma Linda
Community FeaturesCurbs
Construction MaterialsDrywall, CopperPlumbing
CoolingCentralAir, Electric
CountySan Bernardino
Directions1.5 Mile South of 10 Freeway, exit Mountain View
ElectricStandard
Electric Expense8509.0
Electric On Property Y/NNo
Entry LocationStreet
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income611503.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense13981.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan
Lot Size Square Feet32849.0
Lot Size UnitsSquareFeet
MLS Area267 - Loma Linda
MaintenanceExpense15111.0
MobileHomeRemainsYNNo
Net Operating Income384194.0
New ConstructionNo
Number Of Units Total25
Number of Units Leased25
Open Parking Spaces25.0
Operating Expense208993.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofSpanishTile
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, ResidentManager, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot1
Taxes$80,989
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent50217.0
Trash Expense13589.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewMountains
Water Sewer Expense13562.0
Year Built1972
Year Built SourceAssessor
Exterior for 25675 Prospect Avenue
Building Area Total19396.0
Crops Included Y/NNo
FencingGoodCondition, Masonry
Foundation DetailsTieDown
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwentySixToThirtyUnitsAcre
Lot Size Acres0.7541
Lot Size Area32849.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters25
Number of Separate Gas Meters25
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Concrete
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking50.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Justin Hughey
Price
$7,295,000
MLS#OC25051042
List Date
03/21/2025
Property Type
Multi-Family
Phone
(562) 818-1655
