Edward Pan - Commercial Real Estate Showcase

Edward Pan Property Listings
Edward Pan
3281 E Guasti Road Suite 800
Ontario, CA 91761

25356 Cole Street - University Palms

Loma Linda, CA 92354-3118 - Loma Linda MF Submarket

Property Type:Multi-Family Number of Units:24 Status:Existing Year Built:1968
Stories:2 Building Size:20,430 SF Land Area:1.01 AC (43,996 SF)
For Sale Price:$3,000,000 Price/Unit:$125,000.00 Cap Rate:3.56 % GRM:9.82


Sale Notes:
Marcus & Millichap is pleased to exclusively present the its new listing in Loma Linda. The investment offering is an 24-unit multi-family asset located at 25356 Cole Street in the city of Loma Linda, California.
Built in 1968 the property consists of 4 two story buildings, and is situated on a 43,997 square foot lot with
approximately 20,430 of rentable square feet. The subject property has a desirable mix of all two-bedroom/ onebathroom units with approximately 851 square feet of living space. The property offers ample parking with assigned parking spaces, and plenty of open/street parking. The existing swimming pool on the premises has been drained due to previuos leak. New owner can potentially resurface the pool and use that alotted space for further amenities including car port, community garden, or the development of additional apartment units.
All units are individually metered for gas and electricity. The building is a 1968 construction and provides each unit
with kitchen floor tiles, granite countertops, laminate flooring, and wall in air conditioning units. Recent improvements include new flooring in select units.

Edward Pan
Marcus & Millichap Inc
David Lin
(909) 456-3442

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