Address
1319 Acacia Avenue San Bernardino, CA
Price
$ 3,200,000
Property Attributes
  • MLS#IV21065277
  • TypeIncome
  • CountySAN BERNARDINO
  • CitySan Bernardino
  • AreaSan Bernardino
  • Zip92405
  • Style
  • Price$ 3,200,000
  • Bedrooms22
  • Full Bathrooms22
  • Half Bathrooms0
  • Lot Size0.7 Acres
Listing Provided Courtesy Of:
ALBERT LE with LE INVESTMENT GROUP.
Data Source:
CRMLS
Property Description

Highlights; In-place CAP Rate of 6.34% With a ProForma CAP Rate of 7.03% / Current GRM of 10.12 With a ProForma GRM of 9.36 / Stable collection during Pandemic. Affordable Housing Programs Both City and Statewide Are Also Contributing to High Demand For This Type of Unit Mix. / 100% Occupied, Markets Rents & Stable Collection Throughout Pandemic. Professional Property Management In-place. / Located Just Blocks From he Proposed Carousel Mall Redevelopment / Downtown Development Project -City of San Bernardino / San Bernardino county, has become the area’s largest employer, including a massive 950,000-square-foot distribution center in San Bernardino, CA. / Potential To Implement Onsite Laundry With Owner Supplied Machines to Increase Passive Cash-flow. / Job creation is driving rental prices citywide. The apartment community located at 1319 Acacia Avenue in San Bernardino, CA is ideally situated between the 215 freeway, the 10 freeway and 210freeways. The property is situated on a 0.70 acre lot, with onsite parking. This twenty-two unit complex is composed of a very desirable unit mix of 12 one bedroom / one bath units, 9 two bedroom / one bath units and 1 three bedroom / two bath unit. The current ownership's has made it a priority to perform routine maintenance and create a strong community cohesion. The professional onsite management was tasked with leasing to well qualified tenants, which has resulted in far less turnover when compared to neighboring apartments.

Price History
3/29/2021 Listed $3,200,000

General Features

Carport Spaces 22
Carport Y/N Yes
Community Features Urban
MLS Area 274 - San Bernardino
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Submit
Total Units 22
Water Sewer Expense 3063

Interior Features

Common Walls 2+ Common Walls
Laundry Features Common Area

Exterior Features

Lot Features 21-25 Units/Acre, Corner Lot
Lot Size Acres 0.7
Lot Size Area 30560
Lot Size Source Assessor
Lot Size Square Feet 30560
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 23
Number of Separate Gas Meters 23
Number of Separate Water Meters 1
Total Parking 22
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92405

Price
AVG $880K
$3.2M
Year Built
AVG 1963
1987
Walkscore
AVG 68
76
Data Provided by Walkscore ® not using MLS data

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