The property is conveniently located walking distance from the Loma Linda University, the Loma Linda University Medical Center, the Veteran Healthcare System & many major regional employers. This 24 unit apartment community is composed of all large two bedroom / one bathroom units, of approximately 879 Sq. Ft. The current ownership’s emphasis has been on quality updates which include recent capital improvements that exceed $500,000. A small protype of 4 units have been extensively updated with extra large kitchen islands. These units are garnering a premium in rental income exceeding $1,550 a month. Unit upgrades consist of stainless steel appliances, maple wood cabinetry, granite countertops, wood style Brava plank flooring, dual pane “Low-e” windows, and mirrored closet doors. Common area improvements consist of newly landscaped frontage and renovated laundry rooms. Technological and security upgrades include property wide Wi-Fi internet and 8 camera security system. Scheduled maintenance, quality updates and improvements have always been a priority for the owner and make this property, a true turnkey asset for prospective buyers, who are looking for peace of mind, knowing they invested in a quality property, that will require minimal maintenance, for decades to come. As a result, the property demonstrates a minimal turn over and vacancy, in comparison to similar properties.
BRENT ROBERTS Realtor | CA BRE# 01946139 | 619-762-4883
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