The Inland Valley Communities and Surrounding Areas

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1319 Acacia Avenue
San Bernardino, CA 92405
MLS# IV21065277 ID: 69639603
15742 sq.ft.
$3,200,000
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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.
Property Features
Status
Days On Market 173 days
Last Updated September 19, 2021
Market Status Available
Description
Property Type Multi Family
Year Built 1987
Sq. Feet 15742
Community Info
Home Owner Asso. Community Laundry Facility(s)
Laundry Facilities
Location
MLS Area 274 - San Bernardino
Lot Features
Lot Size Corner Lot
Offered By:
Albert Le
LE INVESTMENT GROUP

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