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HIGHLIGHTS: $300K Price Reduction - ProForma CAP Rate of 7.84%, Rent Growth: Rents are currently below market by an average of approximately $725 per unit/month. / Current CAP Rate of 4.75% - Reflects a unique trust sale situation. The previous long-term owner prioritized 100% occupancy over rent growth. / Priced at only $160/SF - Well below the $235/SF average for comparable multifamily properties in the market. Property is priced 32% under market PPSF. / Located on two legal lots totaling 1.37 acres, providing flexibility and long-term hold options or possibility for future development potential. / Ample onsite parking including tuck-under stalls, covered spaces, open parking, and private garages. / Fully gated property for enhanced security and tenant appeal / Well-maintained swimming pool adds to tenant enjoyment and retention + Onsite laundry. Recent $300,000 Price Reduction - TRUST SALE, MOTIVATED SELLER. This sale presents an exceptional opportunity for an investor to unlock value through strategic rent increases, while benefiting from a stabilized asset with consistent performance. Recent rent increases of $4,200/month +/- ($50,000 +/- annually) implemented through professional third party management, establishing a clear pathway to higher cash flow. Current CAP Rate reflects a unique trust sale situation. The previous long-term owner prioritized 100% occupancy and tenant stability over rent growth, keeping rents significantly below market. With 30 units, the property boasts an excellent unit mix that appeals to a broad tenant base: 7 Units: 950 Sq. Ft. 1 Bedroom - 1 Bathroom 1 Unit: 1,100 Sq. Ft. 2 Bedrooms - 1 Bathroom 4 Units: 1,300 Sq. Ft. 2 Bedrooms - 2 Bathrooms 12 Units: 1,400 Sq. Ft. 3 Bedrooms - 2 Bathrooms 2 Units: 1,500 Sq. Ft. 3 Bedrooms - 2.5 Bathrooms 4 Units: 1,700 Sq. Ft. 4 Bedrooms - 2 Bathrooms
Property Type(s):
Residential Income
| Last Updated | 10/1/2025 | Year Built | 1964 |
|---|---|---|---|
| Community | 274 - San Bernardino | County | San Bernardino |
Additional Details
| AREA | 274 - San Bernardino |
|---|---|
| LOT | 1.37 acre(s) |
| PARKING | None |
| POOL DESCRIPTION | Community |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with LE INVESTMENT GROUP
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