The Mogharebi Group | Multifamily Investment Advisory

Property Summary

Price	$22,200,000
Price Per Unit	$317,143
Units	70
Rentable SF	47,210
Lot Size Acres	2.62

Investment Highlights

Brand-New Development
Attractive Assumable Loan
Minutes to the $1.5 Billion Brand New Loma Linda University Medical Center & Children’s Hospital
Close Proximity to VA Loma Linda Healthcare System, Loma Linda University, and Tri-City Center
Outstanding Freeway Access
Attractive Rent vs Buy

Property Description

THE MOGHAREBI GROUP is pleased to present the opportunity to acquire Loma Villas, a brand-new 70-unit housing community located in the city of San Bernardino, California. Expected to be completed before the end of 2022 and situated on 2.62 acres, the property is comprised of a single two-story rental building that houses a unit mix of studio, one, and two-bedroom floorplans ranging from 525 to 822 square feet. Loma Villas is highly amenitized with state-of-the-art common areas and unit amenities, including a pool and spa, gym, bark park, BBQ area, granite countertops, solid wood kitchen cabinets, stainless steel appliances, front-loading washers/dryers, spacious closets, and patios. Delivered with an attractive interest rate of 3.02%, Loma Villas provides the right investor with the opportunity to obtain a Class-A asset that is not subject to rent control.

415 East Commercial Road
San Bernardino, CA 92408

Loma Villas is conveniently located within a 5-minute drive to the brand-new Loma Linda University Medical Center and Children’s Hospital. Loma Villas enjoys quick access to the 215 & 10 Freeways, which connect residents to the retail, entertainment, dining, and employment centers found throughout San Bernardino and the entire Inland Empire region. Centrally located to the VA Loma Linda Healthcare System, Loma Linda University, and Tri-City Center, Loma Villas offers tenants numerous employment and shopping opportunities at their ease.