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Listed by ALBERT LE, DRE #01468313 • LE INVESTMENT GROUP
$ 3,995,000
Est. payment /mo
Active
1319 Acacia San Bernardino, CA 92405
0.7 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV26066422
Year Built 1987
Lot Size 0.702 Acres
Source California Regional MLS
Property Description
HIGHLIGHTS: Attractive going in and stabilized returns, featuring a 5.90% current cap rate and a 6.88% pro forma cap rate. (+20% NOI increase through rent growth) / $4,500 in monthly rent increases realized & an additional $4,000+ in monthly upside remaining to be captured through continued market rent adjustments / Extensive capital improvements completed under current ownership, new roofing, all new rooftop HVAC units, 25% of the units have interior updates. / Diversified ancillary income of $13,440 annually from laundry, pet rent, and garage income. / Recently renovated onsite laundry facility, featuring a $25,000 capital investment. Non-renovated units $6,000/unit in targeted updates. / Secure, fully gated community enhanced by a comprehensive 44 camera security system. / Desirable unit mix. / The apartment community located at 1319 Acacia Avenue in San Bernardino, California is ideally positioned between the I-215, I-10, and I-210 freeways, offering excellent regional connectivity. Situated on a 0.70-acre corner lot, the property benefits from strong visibility, convenient access, and onsite parking. The 22-unit community features a highly desirable unit mix consisting of (12) one-bedroom/ one-bath units, (9) two-bedroom/one-bath units, and (1) three-bedroom/two-bath un
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Laundry Community Facility
Exterior
Parking Features Storage - RV, Covered Parking
Garage Spaces 22.0
Pool None
Building
Water District - Public
Others
Tax ID 0145203550000
Special Listing Condition Not Applicable
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