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24500 University AVE Loma Linda, CA 92354
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Key Details
Sold Price $990,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,627 sqft
Price per Sqft $376
MLS Listing ID EV21265083
Sold Date 02/27/22
HOA Y/N No
Year Built 1952
Lot Size 9,178 Sqft
Property Description
This is an amazing opportunity to own a permitted triplex within the coveted walk zone of Loma Linda University and Medical Center. Zoned R3, originally purchased as an SFR. Found out it was actually a duplex and then an addition was permitted and converted into a 3rd unit. With over 14,000 employees and 4,000 students you will never have to worry about vacancies. The property generates over $67,000 annual income with the rents as follows. $2500 3 Bed/2 bath unit (lease until 4/22), $1100 1 Bed/1 Bath (June 2022) and $2000 for a new 1 Bed/ 1 Bath unit (March 2022) that is fully furnished. Long wide driveway and large backyard. New paint, new floors, new appliances and upgraded fixtures, etc throughout. The property is fully permitted and occupied with all tenants on a lease. Property consists of 2 electric meters, 1 water meter and 1 gas meter. Main unit and fully furnished unit each have their own laundry. Drive by only, please do not disturb tenants.
Location
State CA
County San Bernardino
Area 267 - Loma Linda
Rooms
Ensuite Laundry Gas Dryer Hookup, Inside, Laundry Room
Interior
Laundry Location Gas Dryer Hookup,Inside,Laundry Room
Heating Central, Zoned
Cooling Central Air, Wall/Window Unit(s), Zoned
Flooring Vinyl, Wood
Fireplaces Type Living Room
Fireplace Yes
Appliance Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Dryer, Washer
Laundry Gas Dryer Hookup, Inside, Laundry Room
Exterior
Garage Assigned
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Parking Type Assigned
Private Pool No
Building
Lot Description Back Yard, Sprinklers In Rear, Sprinklers In Front, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0284031010000
Energy Description 720.0
Acceptable Financing 1031 Exchange, Submit
Listing Terms 1031 Exchange, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with RYAN HUTCHISON • ALL NATIONS REALTY & INVS
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