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Loma Linda Plaza Apartments 25675 Prospect Ave 25 Unit Apartment Building $10,290,142 CAD ($411,606 CAD/Unit) 5.01% Cap Rate Loma Linda, CA 92354
INVESTMENT HIGHLIGHTS
- Superb unit of 84% 2 bedroom / 2 bath units
- 2 separate parcels, no onsite managment required
- Earthquake retro?t and seismic upgrades (2021)
- Close To 10 Freeway, VA, and Loma Linda Hospital
- All new roofs and rain gutters
- 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 |
$820,172
|
$41.53
|
| Other Income |
$13,190
|
$0.67
|
| Vacancy Loss |
$24,605
|
$1.25
|
| Effective Gross Income |
$808,758
|
$40.95
|
| Taxes |
$112,696
|
$5.71
|
| Operating Expenses |
$180,188
|
$9.12
|
| Total Expenses |
$292,884
|
$14.83
|
| Net Operating Income |
$515,874
|
$26.12
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $820,172 |
| Annual Per SF | $41.53 |
| Other Income (CAD) | |
|---|---|
| Annual | $13,190 |
| Annual Per SF | $0.67 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $24,605 |
| Annual Per SF | $1.25 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $808,758 |
| Annual Per SF | $40.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $112,696 |
| Annual Per SF | $5.71 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $180,188 |
| Annual Per SF | $9.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $292,884 |
| Annual Per SF | $14.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $515,874 |
| Annual Per SF | $26.12 |
PROPERTY FACTS
| Price | $10,290,142 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $411,606 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 5.01% | Building Size | 19,750 SF |
| Gross Rent Multiplier | 12.5 | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 2.33/1,000 SF |
| Zoning | R1, Loma Linda - Residential | ||
| Price | $10,290,142 CAD |
| Price Per Unit | $411,606 CAD |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 12.5 |
| 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 | 2.33/1,000 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 | $2,353 CAD | 601 |
| 2+2 | 21 | $2,807 CAD | 826 |
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PROPERTY TAXES
| Parcel Number | 0284-153-13 | Total Assessment | $4,593,420 CAD |
| Land Assessment | $803,850 CAD | Annual Taxes | $112,696 CAD ($5.71 CAD/SF) |
| Improvements Assessment | $3,789,570 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0284-153-13
Land Assessment
$803,850 CAD
Improvements Assessment
$3,789,570 CAD
Total Assessment
$4,593,420 CAD
Annual Taxes
$112,696 CAD ($5.71 CAD/SF)
Tax Year
2025
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Loma Linda Plaza Apartments | 25675 Prospect Ave
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