$3,125,000
$3,200,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
1539 East Pumalo Street San Bernardino, CA 92404
0.71 Acres Lot
Key Details
Sold Price $3,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV19218501
Sold Date 12/20/19
HOA Y/N No
Year Built 1964
Lot Size 0.710 Acres
Property Description
PLEASE DRIVE BY ONLY. TOURS BY APPOINTMENT ONLY.
The Rose Garden apartments is a twenty-four unit complex composed of a very desirable unit mix of 10 one bedroom / one bath units, 12 two bedroom / one bath units and 2 three bedroom / two bath units. The property has had over $650,000 in recent improvements which includes HVAC systems, all new vinyl windows, water heater replacements, plumbing updates, electrical updates, exterior lighting, flooring, and kitchen/bathroom renovations. This investment opportunity has an actual CAP rate of 6.36% and a proforma CAP rate of 6.79%. The actual GRM is 9.84 with a proforma GRM of 8.93. Please contact Le Investment Group for full marketing package.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Total Parking Spaces 24
Private Pool No
Building
Lot Description 21-25 Units/Acre, Front Yard, Landscaped, Near Public Transit, Sprinkler System
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 0272291400000
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Manny Martinez • Coldwell Banker Alliance RTY