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10952 Rincon St 4 Unit Apartment Building $1,798,680 CAD ($449,670 CAD/Unit) 7% Cap Rate Loma Linda, CA 92354
Investment Highlights
- Four-unit multifamily property featuring four remodeled two-bedroom, one-bath residences.
- Separately metered gas and electricity help streamline utility management and expense allocation.
- On-site coin laundry provides an added amenity for residents and supplemental income potential.
- Major capital improvements include a new roof, electrical upgrades, and HVAC system enhancements.
- Two ground-floor units include private rear yards with paver improvements.
- Termite warranty remains in effect through March 23, 2028, with no pending repairs reported.
Executive Summary
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 in great condition and regularly serviced
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.
Offers will need to be made subject to interior inspection.
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 in great condition and regularly serviced
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.
Offers will need to be made subject to interior inspection.
Property Facts
| Price | $1,798,680 CAD | Building Class | C |
| Price Per Unit | $449,670 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,844 SF |
| Cap Rate | 7% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1977/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF - Apartments | ||
| Price | $1,798,680 CAD |
| Price Per Unit | $449,670 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,844 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2024 |
| Opportunity Zone |
Yes |
| Zoning | MF - Apartments |
Amenities
Unit Amenities
- Ceiling Fans
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 862 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0284-531-27 | Improvements Assessment | $1,123,240 CAD |
| Land Assessment | $224,648 CAD | Total Assessment | $1,347,888 CAD |
Property Taxes
Parcel Number
0284-531-27
Land Assessment
$224,648 CAD
Improvements Assessment
$1,123,240 CAD
Total Assessment
$1,347,888 CAD
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10952 Rincon St
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