Skip To Content

    1319 Acacia Avenue

    San Bernardino, CA 92405
    • $3,200,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: IV21065277
    UPDATED: 78 min ago
    $3,200,000
    • 0
      BEDS
    • 0.7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,742
      SQFT
    • $203
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    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 areas 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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T16:32:27.823. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/115575815
    Print Image

    1319 Acacia Avenue San Bernardino, CA 92405

    • Price: $3,200,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: IV21065277
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.7
    Acres
    15,742
    SQFT
    $203
    $/SQFT
    1987
    Built
    Neighborhood:
    274 - San Bernardino
    County:
    San Bernardino
    Area:
    274 - San Bernardino
    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 areas 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.
    Exterior Features

    Carport Spaces 22 Carport YN Yes Lot Features 21-25 Units/AcreCorner Lot Number Of Separate Electric Meters 23 Parking Total 22 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 7.03 Common Interest Community Apartment Community Features Urban Electric Expense 3063 Fuel Expense 3063 Garage YN No Gross Income 341700 Gross Scheduled Income 341700 Insurance Expense 4544 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 224903 New Construction YN No New Taxes Expense 41786 Number Of Separate Gas Meters 23 Number Of Separate Water Meters 1 Operating Expense 59426 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 3063 Water Sewer Expense 3063 Water Source Public

    Listing provided courtesy of Albert Le of Le Investment Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T16:32:27.823. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365323221-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365323221-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365323221-1.jpg
    Logo
    Compass
    617 Saxony Place #101
    Encinitas CA, 92024