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$ 899,000
Est. payment /mo
Price Dropped by $31K
10567 Ohio Loma Linda, CA 92354
5 Beds
3 Baths
0.3 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW26186913
Bedrooms 5
Lot Size 0.303 Acres
Property Sub-Type Res Income 2-4 Units
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 with the the Rent Roll in the SUPPLEMENTS attached.
Location
State CA
County San Bernardino
Zoning Assessor
Direction Redlands Blvd, then south on Ohio
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 0283114350000
Acceptable Financing Cash
Listing Terms Cash
Listed by Tony Burton, DRE#01014173 Burton Commercial, Inc.