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10984 Rincon St 4 Unit Apartment Building $1,250,000 ($312,500/Unit) 7.28% Cap Rate Loma Linda, CA 92354
Executive Summary
10982 Rincon St, Loma Linda — Investor-ready quadruplex offering steady income and low near-term capital needs.
Property highlights:
- Four units, each 2 bed / 1 bath; two units fully remodeled, two updated and well maintained
- All units currently leased; excellent rental stability
- On-site laundry room with washer and dryer
- No pending repairs; units and common areas in good condition
- Landlord pays water, trash, and landscaping (gardener)
- New roof (2024) with warranty; exterior painted 2024
- Electrical panels replaced in 2024
- HVAC systems in great condition and regularly serviced
Investment appeal:
Turnkey asset delivering positive cash flow with recent capital improvements that reduce near-term expenses and management time. Ideal for investors seeking a scalable, stabilized income property in Loma Linda.
Offers will need to be made subject to interior inspection.
Property highlights:
- Four units, each 2 bed / 1 bath; two units fully remodeled, two updated and well maintained
- All units currently leased; excellent rental stability
- On-site laundry room with washer and dryer
- No pending repairs; units and common areas in good condition
- Landlord pays water, trash, and landscaping (gardener)
- New roof (2024) with warranty; exterior painted 2024
- Electrical panels replaced in 2024
- HVAC systems in great condition and regularly serviced
Investment appeal:
Turnkey asset delivering positive cash flow with recent capital improvements that reduce near-term expenses and management time. Ideal for investors seeking a scalable, stabilized income property in Loma Linda.
Offers will need to be made subject to interior inspection.
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $312,500 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,448 SF |
| Cap Rate | 7.28% | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1977/2024 |
| Property Type | Multifamily | Parking Ratio | 2.32/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $1,250,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 7.28% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,448 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2024 |
| Parking Ratio | 2.32/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 862 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
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10984 Rincon St