1414 Citrus Street

San Bernardino, CA 92404

$6,995,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $226 / sqft

1963

calendar_month Built

Property 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1414 Citrus Street
City San Bernardino
State CA
Zip 92404
County San Bernardino
Listing Agent ALBERT LE DRE#01468313
Courtesy Of LE INVESTMENT GROUP
MLS IV24092349
List Price $6,995,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 48,352
Year Built 1963
DOM 1

Exterior Information

Maps

Listing information courtesy of: ALBERT LE, LE INVESTMENT GROUP . *Based on information from the Association of REALTORS/Multiple Listing as of May 7th, 2024 at 6:15 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.