$1,400,000
$1,425,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
4378 N Sepulveda AVE San Bernardino, CA 92404
0.41 Acres Lot
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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Bought with ALBERT LE • LE INVESTMENT GROUP