10982 Rincon St - Apartments FOR SALE


Loma Linda, CA 92354
$1,250,000 USD
951-642-8521
10982 Rincon St, Loma Linda, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/9
null | 4.95% Cap Rate

10982 Rincon St
Loma Linda, CA 92354


HIGHLIGHTS

  • All four residential units are currently leased, providing immediate in-place income.
  • Recent capital improvements include a new roof, exterior paint, and upgraded electrical panels completed in 2024.
  • Two units have been fully remodeled, while the remaining units have been updated and maintained.
  • On-site laundry facilities provide added convenience for residents.
  • Located near Loma Linda University Health and other major employment destinations.
  • Four-unit configuration offers operational simplicity and diversified rental income.

OVERVIEW

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 reported to be regularly serviced and in good operating condition. buyer to independently verify 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. Additional offering: An adjacent quadplex at 10952 Rincon St is also for sale. Seller is offering discounted pricing for a buyer who purchases both properties — an appealing scale play for investors seeking increased portfolio cash flow and operational efficiency. Offers to me made subject to interior inspection.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

4.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,925 SF

ZONING

R3

APN/PARCEL ID

0284-531-30

ASK ABOUT THIS PROPERTY

Vince LacambraCochran Real Estate Professionals, Inc.More Info
951-642-8521

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Vince LacambraCochran Real Estate Professionals, Inc.More Info
951-642-8521

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.