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Loma Linda Plaza Apartments 25675 Prospect Ave 25 Unit Apartment Building $7,395,000 ($295,800/Unit) 5.01% Cap Rate Loma Linda, CA 92354
INVESTMENT HIGHLIGHTS
- Superb unit of 84% 2 bedroom / 2 bath units
- 2 separate parcels, no onsite managment required
- Earthquake retro?t and seismic upgrades (2021)
- Close To 10 Freeway, VA, and Loma Linda Hospital
- All new roofs and rain gutters
- 20 of the 25 units have been completely rehabbed with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$589,416
|
$29.84
|
| Other Income |
$9,479
|
$0.48
|
| Vacancy Loss |
$17,682
|
$0.90
|
| Effective Gross Income |
$581,213
|
$29.43
|
| Taxes |
$80,989
|
$4.10
|
| Operating Expenses |
$129,492
|
$6.56
|
| Total Expenses |
$210,481
|
$10.66
|
| Net Operating Income |
$370,732
|
$18.77
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $589,416 |
| Annual Per SF | $29.84 |
| Other Income | |
|---|---|
| Annual | $9,479 |
| Annual Per SF | $0.48 |
| Vacancy Loss | |
|---|---|
| Annual | $17,682 |
| Annual Per SF | $0.90 |
| Effective Gross Income | |
|---|---|
| Annual | $581,213 |
| Annual Per SF | $29.43 |
| Taxes | |
|---|---|
| Annual | $80,989 |
| Annual Per SF | $4.10 |
| Operating Expenses | |
|---|---|
| Annual | $129,492 |
| Annual Per SF | $6.56 |
| Total Expenses | |
|---|---|
| Annual | $210,481 |
| Annual Per SF | $10.66 |
| Net Operating Income | |
|---|---|
| Annual | $370,732 |
| Annual Per SF | $18.77 |
PROPERTY FACTS
| Price | $7,395,000 | Apartment Style | Low-Rise |
| Price Per Unit | $295,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 5.01% | Building Size | 19,750 SF |
| Gross Rent Multiplier | 12.5 | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 2.33/1,000 SF |
| Zoning | R1, Loma Linda - Residential | ||
| Price | $7,395,000 |
| Price Per Unit | $295,800 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 12.5 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 19,750 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.33/1,000 SF |
| Zoning | R1, Loma Linda - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,691 | 601 |
| 2+2 | 21 | $2,017 | 826 |
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PROPERTY TAXES
| Parcel Number | 0284-153-13 | Total Assessment | $3,314,634 |
| Land Assessment | $580,062 | Annual Taxes | $80,989 ($4.10/SF) |
| Improvements Assessment | $2,734,572 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0284-153-13
Land Assessment
$580,062
Improvements Assessment
$2,734,572
Total Assessment
$3,314,634
Annual Taxes
$80,989 ($4.10/SF)
Tax Year
2025
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Loma Linda Plaza Apartments | 25675 Prospect Ave
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