$2,625,000
$2,850,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
145 E 44th ST San Bernardino, CA 92404
0.86 Acres Lot
Key Details
Sold Price $2,625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV14178663
Sold Date 01/26/15
HOA Y/N No
Year Built 1980
Tax Year 2013
Lot Size 0.860 Acres
Property Description
(DRIVE BY ONLY, PLEASE DO NOT DISTURB MANAGER OR TENANTS)
Highlights
Completely Rehabbed Turn Key Asset
1980's Construction
Competitive Cost per Unit
6.68 % Competitive Market Cap Rate
90% Occupancy Building, 95% Occupancy Area
Located North of the 210 Freeway in a Residential Neighborhood
The apartment community consists of thirty six units. The property is composed of 18 one bedroom, one bathroom units & 18 two bedroom, one bathroom units. The property has secure gated parking, onsite laundry & a well maintained gated pool area.
The city of San Bernardino has been among the most vibrant in recovery from the recession. Increased occupancy & stabilization have led to an Increase in values & rents. The Property is a turn key asset located in a 96 % occupancy area.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Fireplace No
Exterior
Pool Community
Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks, Pool
Utilities Available Sewer Connected
Total Parking Spaces 36
Private Pool Yes
Building
Lot Description 31-35 Units/Acre
Water Public
Others
Tax ID 0154222340000
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with ALBERT LE • LE INVESTMENT GROUP