24500 University Avenue
24500 University Avenue
$990,000
5
4
2,627
2,627
$377
Closed 2/27/22
Description
This is an amazing opportunity to own a permitted triplex within the coveted walk zone of Loma Linda University and Medical Center. Zoned R3, originally purchased as an SFR. Found out it was actually a duplex and then an addition was permitted and converted into a 3rd unit. With over 14,000 employees and 4,000 students you will never have to worry about vacancies. The property generates over $67,000 annual income with the rents as follows. $2500 3 Bed/2 bath unit (lease until 4/22), $1100 1 Bed/1...This is an amazing opportunity to own a permitted triplex within the coveted walk zone of Loma Linda University and Medical Center. Zoned R3, originally purchased as an SFR. Found out it was actually a duplex and then an addition was permitted and converted into a 3rd unit. With over 14,000 employees and 4,000 students you will never have to worry about vacancies. The property generates over $67,000 annual income with the rents as follows. $2500 3 Bed/2 bath unit (lease until 4/22), $1100 1 Bed/1 Bath (June 2022) and $2000 for a new 1 Bed/ 1 Bath unit (March 2022) that is fully furnished. Long wide driveway and large backyard. New paint, new floors, new appliances and upgraded fixtures, etc throughout. The property is fully permitted and occupied with all tenants on a lease. Property consists of 2 electric meters, 1 water meter and 1 gas meter. Main unit and fully furnished unit each have their own laundry. Drive by only, please do not disturb tenants.
- Listed by DEBRA HANNA • DRE #01473392 • Brokerage DRE #01473392 • DEBRA HANNA BROKER
Property Details for 24500 University Avenue
View
None
Parking Spaces Total0
Private PoolNo
Cooling TypeCentral Forced Air, Wall/Window, Zoned Area(s)
Total Units3.0
Building TypeAttached
Lot Size SourceAssessor
Living Area2627
Location
LISTING UPDATED: 02/27/2022 09:37 AM
Property Details for 24500 University Avenue
Status | Closed |
---|---|
MLS # | EV21265083 |
Days on Market | 11 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1952 |
Lot Size | 0.21 AC / 9,180 SF |
County | San Bernardino County |
Location
Building Information for 24500 University Avenue
Stories1Residences-Year Built1952Building Size-Lot Size0.21 AC / 9,180 SF
Payment Calculator
$6,445 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 24500 University Avenue
Property History for 24500 University Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 24500 University Avenue
Taxable ValueLand$302,940Additions$706,860Total$1,009,800
Tax Record2023$12,504 ($1,042 / month)
Home Facts
Beds3Total Finished SqFt1,850 SqFtAbove Grade Finished SqFt1,850 SqFtStories1Lot Size9,180 SqFtStyleSingle Family ResidenceYear Built1952CountySAN BERNARDINOAPN0284-031-01-0000Fireplace TypeHas Fireplace
Schools near 24500 University Avenue
This home is within Redlands Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Victoria Elementary School PublicK to 5 | ||
Cope Middle School Public6 to 8 | ||
Redlands Senior High School Public9 to 12 | ||
Grove School Charter7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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