Seller's Agent in 2021
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
1 in this area
24 Total Sales
1319 Acacia Ave San Bernardino, CA 92405
SBHS Neighborhood
6
Beds
4
Baths
15,742
Sq Ft
0.7
Acres
Highlights
- 0.7 Acre Lot
- Corner Lot
- Laundry Room
About This Home
As of December 2021Highlights; In-place CAP Rate of 6.34% With a ProForma CAP Rate of 7.03% / Current GRM of 10.12 With a ProForma GRM of 9.36 / Stable collection during Pandemic. Affordable Housing Programs Both City and Statewide Are Also Contributing to High Demand For This Type of Unit Mix. / 100% Occupied, Markets Rents & Stable Collection Throughout Pandemic. Professional Property Management In-place. / Located Just Blocks From he Proposed Carousel Mall Redevelopment / Downtown Development Project -City of San Bernardino / San Bernardino county, has become the area’s largest employer, including a massive 950,000-square-foot distribution center in San Bernardino, CA. / Potential To Implement Onsite Laundry With Owner Supplied Machines to Increase Passive Cash-flow. / Job creation is driving rental prices citywide. The apartment community located at 1319 Acacia Avenue in San Bernardino, CA is ideally situated between the 215 freeway, the 10 freeway and 210freeways. The property is situated on a 0.70 acre lot, with onsite parking. This twenty-two unit complex is composed of a very desirable unit mix of 12 one bedroom / one bath units, 9 two bedroom / one bath units and 1 three bedroom / two bath unit. The current ownership's has made it a priority to perform routine maintenance and create a strong community cohesion. The professional onsite management was tasked with leasing to well qualified tenants, which has resulted in far less turnover when compared to neighboring apartments.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 0.7 Acre Lot
- Two or More Common Walls
- Corner Lot
- Density is 21-25 Units/Acre
Home Design
- 15,742 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 22 Parking Spaces
- 22 Carport Spaces
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Tax Lot 55
- Tax Tract Number 203
- Assessor Parcel Number 0145203550000
Community Details
Building Details
- 23 Separate Electric Meters
- 23 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,063
- Fuel Expense $3,063
- Insurance Expense $4,544
- Professional Management Expense $27,613
- Trash Expense $3,063
- Water Sewer Expense $3,063
- New Taxes Expense $41,786
- Operating Expense $102,182
- Gross Income $341,700
- Net Operating Income $224,903
Additional Features
- 22 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2021 12/22/21 | Sold | $3,130,000 | -2.2% | $199 / Sq Ft |
| 09/20/2021 09/20/21 | Pending | -- | -- | -- |
| 03/29/2021 03/29/21 | For Sale | $3,200,000 | -- | $203 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Albert Le
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV21065277
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