San Bernardino, CA 92404,4378 N Sepulveda AVE

$1,400,000

Est. payment /mo

$1,425,000

1.8%
Est.Price: ?

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4378 N Sepulveda AVE San Bernardino, CA 92404

0.41 Acres Lot

SOLD DATE : 11/07/2014

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID IV14121694

Sold Date 11/07/14

HOA Y/N No

Year Built 1963

Tax Year 2013

Lot Size 0.415 Acres

Property Description

Continental Townhomes

100% Occupancy
Current Cap Rate of 8.10%. Proforma Cap Rate of 8.16%
Prime Unit MIx of Majority 2's, 3's and 4's, All Very Large Town House Style Units, With 100% Occupancy
2 Bedroom Units Approximately 1,100 Sq. Ft. / 3 Bedroom Units Approximately 1,250 Sq. Ft. / 4 Bedroom Unit Approximately 1,500 Sq. Ft
Newly Painted, Well Maintained Turnkey Asset
Majority Units Have Hardwood Flooring


The complex consists of Fifteen town house units. The Property possesses a unit mix of 11-two bedroom one & a half bathroom units, 3-Three bedroom one & a half bathroom units, & 1-Four bedroom one & a half bathroom unit.
The town-home complex currently allocates 3 of the 15 units as Veteran units. The Fully Furnished Veteran units include 2-Two-bedroom (4 Beds per Unit at $425 per Bed)& 1-Three-bedroom ( at $650 per Room).

Residential location. This submarket within San Bernardino has been among the most vibrant in recovery from the recession. Increased occupancy & stabilization
have led to an Increase in values & rents.

Location

State CA

County San Bernardino

Area 274 - San Bernardino

Interior

Fireplace No

Exterior

Garage Spaces 15.0

Carport Spaces 15

Garage Description 15.0

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Sewer Available

Total Parking Spaces 15

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 0154222060000

Acceptable Financing Cash to Existing Loan

Listing Terms Cash to Existing Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by ALBERT LE • LE INVESTMENT GROUP
Bought with ALBERT LE • LE INVESTMENT GROUP
agent
Sam Louis

License ID: 02203602

+1(949) 357-0611 | sam@louisestategroup.com

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