11227 San Lucas Dr Loma Linda, CA 92354

This exceptional 5-unit apartment building presents a compelling investment opportunity in Loma Linda, CA. Located at 11227 San Lucas Dr, 92354, this stabilized, "mailbox money" property boasts a 100% occupancy rate, generating a current NOI of $56,000 and a pro-forma NOI of $80,400. The property, built in 1928 and renovated in 2010, comprises 1,412 square feet on a 5.46-acre lot (APN 0284-074-09-0000) and is zoned for multifamily use. Each of the five units offers a comfortable layout, contributing to the strong rental income. The asking price is $1,200,000, representing $240,000 per unit and a current cap rate of 4.80%, with a pro-forma cap rate of 6.70%. The property's prime location near Loma Linda University Medical Center ensures consistent demand and potential for future value appreciation. This is a motivated seller offering a 1031 exchange opportunity. The property's strong performance and strategic location make it an ideal addition to any investment portfolio. The building is a single-story structure. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable Southern California location.