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Loma Linda Plaza Apartments 25675 Prospect Ave 25 Unit Apartment Building $6,995,000 ($279,800/Unit) 5.54% Cap Rate Loma Linda, CA 92354
Investment Highlights
- $400,000 Price Reduction
- 2 separate parcels, no onsite managment required
- Earthquake retrot and seismic upgrades (2022)
- Superb unit mix of 84% 2 bedroom / 2 bath units
- Close To 10 Freeway, VA, and Loma Linda Hospital
- 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 |
$76,989
|
$3.90
|
| Operating Expenses |
$116,618
|
$5.90
|
| Total Expenses |
$193,607
|
$9.80
|
| Net Operating Income |
$387,606
|
$19.63
|
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 | $76,989 |
| Annual Per SF | $3.90 |
| Operating Expenses | |
|---|---|
| Annual | $116,618 |
| Annual Per SF | $5.90 |
| Total Expenses | |
|---|---|
| Annual | $193,607 |
| Annual Per SF | $9.80 |
| Net Operating Income | |
|---|---|
| Annual | $387,606 |
| Annual Per SF | $19.63 |
Property Facts
| Price | $6,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $279,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 5.54% | Building Size | 19,750 SF |
| Gross Rent Multiplier | 11.8 | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 2.48/1,000 SF |
| Zoning | R1, Loma Linda - Residential | ||
| Price | $6,995,000 |
| Price Per Unit | $279,800 |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| Gross Rent Multiplier | 11.8 |
| 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 | 2.48/1,000 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 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0284-153-13 | Total Assessment | $3,314,634 |
| Land Assessment | $580,062 | Annual Taxes | $76,989 ($3.90/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
$76,989 ($3.90/SF)
Tax Year
2025
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Loma Linda Plaza Apartments | 25675 Prospect Ave
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