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Additional details
$ 3,995,000
Est. payment /mo
Active
1319 Acacia San Bernardino, CA 92405
6 Beds
4 Baths
0.7 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26066422
Bedrooms 6
Lot Size 0.702 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
HIGHLIGHTS: Attractive going in and stabilized returns, featuring a 5.90% current cap rate and a 6.88% pro forma cap rate. (+20% NOI increase through rent growth) / $4,500 in monthly rent increases realized & an additional $4,000+ in monthly upside remaining to be captured through continued market rent adjustments / Extensive capital improvements completed under current ownership, new roofing, all new rooftop HVAC units, 25% of the units have interior updates. / Diversified ancillary income of $13,440 annually from laundry, pet rent, and garage income. / Recently renovated onsite laundry facility, featuring a $25,000 capital investment. Non-renovated units $6,000/unit in targeted updates. / Secure, fully gated community enhanced by a comprehensive 44 camera security system. / Desirable unit mix. / The apartment community located at 1319 Acacia Avenue in San Bernardino, California is ideally positioned between the I-215, I-10, and I-210 freeways, offering excellent regional connectivity. Situated on a 0.70-acre corner lot, the property benefits from strong visibility, convenient access, and onsite parking. The 22-unit community features a highly desirable unit mix consisting of (12) one-bedroom/ one-bath units, (9) two-bedroom/one-bath units, and (1) three-bedroom/two-bath unit, allowing the property to attract a broad tenant demographic. Current ownership has made extensive capital improvements, significantly enhancing both operational efficiency and tenant appeal. Upgrades include all new rooftop HVAC units, new roofing, and full interior renovations to approximately 25% o
Location
State CA
County San Bernardino
Zoning Assessor
Direction Acacia Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 0145203550000
Listed by ALBERT LE, DRE#01468313 LE INVESTMENT GROUP
NEARBY SCHOOL & BUSINESS
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