Residential Income Details
Property Highlights; Impressive Offering Actual CAP Rate of 6.85 % / Achievable ProForma CAP Rate of 7.98 % / Most recent housing lease signed @ $1,550/monthly, Large Three Bedroom Units +1,100 Sq. Ft., Offering Actual GRM of 9.50, With a ProForma GRM of 8.12, Recent Capital Improvements / Conservative 5-10 % Upside in Potential Income, The Apartment is 100 % Occupied & Rental Comparables Illustrate a 100 % Occupancy Area. The Apartment community is located on two large lots South of West Hill Drive in San Bernardino. The property is located just blocks East of the California University of San Bernardino. The two lots total over 1.73 acres, with gated controlled access and covered onsite parking. This twenty-four unit complex is composed of a very desirable unit mix of all 3 bedroom / one bathroom units. The units are very large and exceed 1,050 square feet each. The property has recent improvements and is 100% occupied.
|Number of Units||24|
|Listing Brokerage||LE INVESTMENT GROUP|
|Listing Agent||ALBERT LE|
|Listing Agent BRE #||01468313|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, July 30, 2018.
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