Highlights; Actual CAP Rate of 6.63 % With a Pro Forma CAP Rate of 7.15 %, Competitive Offering GRM of 9.42 With a ProForma GRM of 8.96, Non-Rent Control Community & Area, With Long Term Tenants, Great Onsite Manager Preforms All Management Duties for $100 a Month, 5-7% Upside in Potential Rental Income per Rental Survey, The Apartment is 100 % Occupied & Rental Comparables Illustrate a 100 % Occupancy Area, Major Distribution Area With Large Regional Employers Such as; Stater Bros, Pep Boys, & Mattell Inc., Cottage Style, SFR Units With No Common WallsThis multifamily asset is composed of 5 single story cottage style homes sharing one lot. The property features 2 one bedroom / one bathroom units, 2 two bedroom / one bathroom units and 1 three bedroom / two bathroom single family residence. All units are currently rented with long term tenants. The property is situated on a corner lot which totals 0.39 acres. The tenants are provided ample onsite parking, RV parking, storage, in suite laundry hookups and private fenced yards. 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 95 % occupancy ar
School rankings provided by Niche.Updated 4/12/17.School information is to be used as reference only. To verify enrollment eligibility for a specific property, contact the school or the local school board.
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
Tools designed to give you and edge in any market
House hunt 24/7 with the fastest new listings and on-demand insider info.