10982 Rincon St 4 Unit Apartment Building $1,250,000 ($312,500/Unit) 6.14% Cap Rate Loma Linda, CA 92354

10982 Rincon Street presents the opportunity to acquire a fully leased four-unit multifamily property in Loma Linda, one of the Inland Empire’s most established healthcare and education markets. The property consists of four two-bedroom, one-bathroom units and has benefited from substantial recent capital improvements, including a new roof installed in 2024, exterior painting completed in 2024, replacement electrical panels, and regularly maintained HVAC systems. Two units have been fully remodeled, while the remaining units have been updated and well maintained, supporting tenant retention and minimizing near-term renovation requirements.
Positioned near Loma Linda University Health and surrounding medical, educational, and employment centers, the property benefits from a location that continues to attract residential demand. The asset is fully occupied and includes on-site laundry facilities, multiple garage parking spaces, and separately metered electrical service for each unit. The combination of recent improvements, stabilized occupancy, and proximity to major institutional employers offers investors a turnkey income-producing asset with reduced deferred maintenance considerations. The property's established rental history and location within a mature residential neighborhood further support its appeal for buyers seeking long-term multifamily ownership in the Loma Linda market.