Save
Ask
Tour
Hide
Share
$6,995,000
71 Days Online

1414 Citrus Street
San Bernardino, CA 92404

For Sale|Multi-Family|Active
County:
San Bernardino
Listed by ALBERT LE of LE INVESTMENT GROUP 909-256-7889

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 1-909-997-9906
Is this the home for you? We can help make it yours.
1-909-997-9906
1414 Citrus Street1414 Citrus Street1414 Citrus Street1414 Citrus Street
Save
Ask
Tour
Hide
Share

Highlights; Attractive Offering Actual CAP Rate of 6.08% / ProForma CAP Rate of 6.70% / ProForma CAP Rate is Based on Leveling Off Current Rents / Extra Large Units 850+ Sq. Ft. All 2-bedroom units / Priced below replacement cost at $226.39 per Sq. Ft. / Rental Comparables Illustrate a 98% Occupancy Area / The Property is Currently 100% Occupied, With Well-Qualified Tenants / Upgraded units with granite countertops, new cabinetry and luxury vinyl plank flooring in majority of the units. / Well-Maintained Onsite Laundry / Providing Additional Annual Income / Ample Onsite Parking With Covered Carport Parking / Property is Fully Fenced The 36-unit apartment complex is situated on a large 1.11 acre corner lot . This 36 unit apartment community is composed of all two bedroom / one bathroom units. The current ownerships focus has been on quality improvements. The onsite management has implemented strict rental criteria, which in turn has created a more favorable living environment for working class people and families. The building currently operates at near 100% occupancy.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$6,995,000
Days Online 
71 Days
Bedrooms 
N/A
Inside Area (SqFt) 
30,898 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.11 Acres
Year Built 
1963
MLS® Number 
IV24092349
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
2 months agoListing first seen online
General Features
Parking Spaces 
18
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
1.11
Water 
Public
Property Sub Type 
Apartment
Garage Spaces 
0
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
Save
Ask
Tour
Hide
Share
Exterior Features
Pool Features 
None
Lot 
Item3640 Units Acre
Community Features
Community Features 
Suburban
Senior Community 
No
MLS Area 
274 - San Bernardino


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Save
Ask
Tour
Hide
Share