5098 N 3Rd Avenue

  • San Bernardino

  • $3,625,000
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Residential Income Details

Description
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.
Essential
MLS #IV18183334
Price$3,625,000
Number of Units24
Sale TypeStandard
StatusActive
Listing BrokerageLE INVESTMENT GROUP
Listing AgentALBERT LE
Listing Agent BRE #01468313
Interior
Exterior
Garage Spaces0
PoolNone
Community
Area274 - San Bernardino
CommunityCurbs
Address5098 N 3Rd Avenue
CitySan Bernardino
CountySan Bernardino
StateCA
ZipCode92407
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, July 30, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.