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Welcome to an exceptional investment opportunity presented by C21 Citrus – a prestigious three-story townhome/condo-style apartment complex designed with the savvy investor in mind. Each unit was originally planned as an independent townhome or condo, equipped with separate meters, allowing for the potential of individual resale in the future, adding flexibility to your investment portfolio.Situated in an advantageous location, this complex offers proximity to the thriving Loma Linda University and hospital! The "HUB" Shopping Center, which houses prominent retailers such as Sam's Club, dining destinations like In-N-Out, BJ's Restaurant & Brewhouse, El Pollo Loco, and essential banking facilities.The units themselves are expertly designed, each offering two spacious master bedrooms and two and a half baths, accompanied by a private balcony, adding to their desirability among tenants. Central HVAC and heating systems ensure year-round comfort, with the convenience of an oversized 2 car garage with laundry facilities.Ample parking options are available for both residents and their guests, simplifying the parking for your Tenants and guests.These meticulously maintained units, now completely updated and ready for occupancy, boast exceptional curb appeal and are located in a rental-friendly area known for its array of amenities. The complex, constructed in 2016 minimizes your maintenance costs, offering a secure investment option.In addition to these attractive features, consider the robust demographics within a 2-mile radius, with an average household income of approximately $80,285. This area is a magnet for renters especially from the University, Loma Linda and VA hospital in close proximity!Monthly rental rates currently average around $2,600 per unit, ensuring strong and consistent cash flow. Easy to rent to Dr's, Nurses on "travelingnursehousing.com or Furnishedfinder.com" for top rental income and quickly! Furthermore, all five units are equipped with brand-new stove/oven combos, microwaves, and dishwashers, reducing maintenance and upkeep costs.This complex isn't just an investment; it's a strategic venture that combines luxury and practicality. The units are completely updated and ready for a the discerning investor looking to expand their multi-family portfolio. Don't miss this opportunity!
Property Type(s):
Commercial
| Last Updated | 9/17/2024 | Year Built | 2016 |
|---|---|---|---|
| Community | Loma Linda | County | San Bernardino |
Price History
| Prior to Sep 17, '24 | $3,200,000 |
|---|---|
| Sep 17, '24 - Today | $3,000,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Loma Linda |
| CONSTRUCTION | Stucco |
| HEAT | Forced Air |
| LOT | 0.37 acre(s) |
| LOT DESCRIPTION | 2-5 Units/Acre, Level, Near Public Transit |
| STORIES | 3 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected, Electric: Electricity - On Property |
| WATER | Public |
Location
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Listed with CENTURY 21 CITRUS REALTY INC
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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