$6,995,000 $46,538 est/mo Sourced by Back At You

1414 Citrus Street,San Bernardino, CA 92404

San Bernardino CA, 92404

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Description

Highlights; Attractive Offering Actual CAP Rate of 6.08% / ProForma CAP Rate of 6.70% / ProForma CAP Rate is Based on Leveling Off Current Rents / Extra Large Units 850+ Sq. Ft. All 2-bedroom units / Priced below replacement cost at $226.39 per Sq. Ft. / Rental Comparables Illustrate a 98% Occupancy Area / The Property is Currently 100% Occupied, With Well-Qualified Tenants / Upgraded units with granite countertops, new cabinetry and luxury vinyl plank flooring in majority of the units. / Well-Maintained Onsite Laundry / Providing Additional Annual Income / Ample Onsite Parking With Covered Carport Parking / Property is Fully Fenced The 36-unit apartment complex is situated on a large 1.11 acre corner lot . This 36 unit apartment community is composed of all two bedroom / one bathroom units. The current ownerships focus has been on quality improvements. The onsite management has implemented strict rental criteria, which in turn has created a more favorable living environment for working class people and families. The building currently operates at near 100% occupancy.

Details

MLSIV24092349
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1963
Days On Site72
Listing Provided ByLE INVESTMENT GROUP 909-256-7889 | ALBERT LE
Buying Commision$0

Features

SQ Feet30,898
Story(s)2
Units36
Building(s)2
Acreage1.11

Market Activity 92404

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 20 minutes ago
StateCA
CountySan Bernardino
CitySan Bernardino
Zip Code92404
Area274 San Bernardino
Listing VS Median (in 92404)
Price:
$6,995,000
low | high
Med:
$504,999
100% of Average
SqFt:
30,898
low | high
Med:
1,430
100% of Average
$ / SqFt:
$226
low | high
Med:
$353
5.990133831858% of Average
On Site:
72
low | high
Med:
9.000000
100% of Average
Sourced by Back At You
Listing Updated: July 16, 2024 at 1:16:15 PM PDT