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Investment Highlights

  • $400,000 Price Reduction
  • 2 separate parcels, no onsite managment required
  • Earthquake retrot and seismic upgrades (2022)
  • Superb unit mix of 84% 2 bedroom / 2 bath units
  • Close To 10 Freeway, VA, and Loma Linda Hospital
  • 20 of the 25 units have been completely rehabbed with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $809,693 $41.00
Other Income $13,021 $0.66
Vacancy Loss $24,290 $1.23
Effective Gross Income $798,424 $40.43
Taxes $105,761 $5.36
Operating Expenses $160,200 $8.11
Total Expenses $265,962 $13.47
Net Operating Income $532,462 $26.96

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $809,693
Annual Per SF $41.00
Other Income (CAD)
Annual $13,021
Annual Per SF $0.66
Vacancy Loss (CAD)
Annual $24,290
Annual Per SF $1.23
Effective Gross Income (CAD)
Annual $798,424
Annual Per SF $40.43
Taxes (CAD)
Annual $105,761
Annual Per SF $5.36
Operating Expenses (CAD)
Annual $160,200
Annual Per SF $8.11
Total Expenses (CAD)
Annual $265,962
Annual Per SF $13.47
Net Operating Income (CAD)
Annual $532,462
Annual Per SF $26.96

Property Facts

Price $9,609,172 CAD
Price Per Unit $384,367 CAD
Sale Type Investment
Cap Rate 5.54%
Gross Rent Multiplier 11.8
No. Units 25
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.75 AC
Building Size 19,750 SF
Average Occupancy 100%
No. Stories 2
Year Built 1972
Parking Ratio 2.48/1,000 SF
Zoning R1, Loma Linda - Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Oven
  • Range

Site Amenities

  • Laundry Facilities
  • Recycling

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 $2,323 CAD 601
2+2 21 $2,771 CAD 826
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
0284-153-13
Land Assessment
$796,843 CAD
Improvements Assessment
$3,756,536 CAD
Total Assessment
$4,553,379 CAD
Annual Taxes
$105,761 CAD ($5.36 CAD/SF)
Tax Year
2025
  • Listing ID: 38996614

  • Date on Market: 2026-01-07

  • Last Updated:

  • Address: 25675 Prospect Ave, Loma Linda, CA 92354

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