25239 Cottage Avenue, Loma Linda, CA 92354

$3,495,000
List Price
$3,495,000
Status
ACTIVE
MLS#
EV22242387
Year Built
1960
Lot Size
101,930
Acres
2.34
Lot Location
Item610UnitsAcre
Days on Market
18
Property Type
Multifamily
Property Sub Type
Mixed Use
Stories
One Level

Property Description

Generational opportunity to acquire a unique project consisting of 6 units across ±2.34 acres with an existing R3 zoning and over $150,000 of existing gross income. A vast array of multifamily developments are possible here. Use the existing income to help offset some costs while you continue to develop the property with additional units. The purchase price includes (3) parcels consisting of 25239, 25255 and 25259 Cottage Avenue. Preliminary site plans (ideas) and a topographic survey are available for review. Current owner can stay aboard for a JV or open to creative financing or trades.

Additional Information

Pool Description
None
Cooling
Yes
Cooling Description
Central Air
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$153,240
Operating Expense
45000

Listing courtesy of Listing Agent: NATHAN DIONES (broker@regioncy.com) from Listing Office: REGIONCY REAL ESTATE.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.