$1,615,000 $10,745 est/mo Sourced by Back At You

1505 Sepulveda Avenue,San Bernardino, CA 92404

San Bernardino CA, 92404

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Description

HIGHLIGHTS: Competitive Offering with an Actual CAP Rate of 5.34%, with Significant Upside Potential, Projected ProForma CAP Rate of 6.92% / Offering an Actual Gross Rent Multiplier (GRM) of 11.79, with a Projected ProForma GRM of 9.48. The Sandalwood East Apartments, constructed in 1965 on a spacious 0.37-acre corner lot, boast an excellent location ideal for single families. This eight-unit property spans 6,966 sq. ft and comprises four one-bedroom, one bathroom units (1BD/1BA) as well as four oversized two bedroom, two-bathroom units (2BD/2BA). Tenants enjoy the convenience of four two-car garages and two single car garages. Additional amenities include private balconies/patios, individual A/C and heating, and a beautifully landscaped private yard/garden. Demonstrating a strong sense of ownership pride, this property offers prospective buyers an opportunity to acquire an asset with minimal maintenance requirements for decades to come.

Details

MLSIV24021684
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Year1965
Days On Site75
Listing Provided ByLE INVESTMENT GROUP 909-256-7889 | ALBERT LE

Features

SQ Feet6,966
Garage10
Story(s)2
Units8
Building(s)2
Acreage0.37

Market Activity 92404

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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StateCA
CountySan Bernardino
CitySan Bernardino
Zip Code92404
Area274 San Bernardino
Listing VS Median (in 92404)
Price:
$1,615,000
low | high
Med:
$507,500
100% of Average
SqFt:
6,966
low | high
Med:
1,671
100% of Average
$ / SqFt:
$232
low | high
Med:
$304
18.997124034892% of Average
On Site:
75
low | high
Med:
56
100% of Average
Sourced by Back At You
Listing Updated: April 9, 2024 at 12:02:07 PM PDT