1414 Citrus Street San Bernardino, CA 92404

239409121 34.144333 -117.25602 124 /listing/239409121-150414967/1414-citrus-street-san-bernardino-ca-92404 False 0 3995000.0 105 IV19112460 False
  • $3,995,000
  • 48,212 lot
  • Est payment $21446.02/mo

Property & Neighborhood Info

Courtesy Of ALBERT LE, LE INVESTMENT GROUP

Multi-Family in San Bernardino

Highlights; Offering Actual CAP Rate of 5.76% / ProForma CAP Rate of 6.57 %, Offering Actual GRM of 9.72, / Conservative 5-7 % Upside in Potential Rental Income, Extra Large Units 850+ Sq. Ft. Average Cost per Sq. Ft. of $129.30 / Rental Comparables Illustrate a 98% Occupancy Area. Non-Rent Control, The Current Ownership Has Spent $550,000+ In Recent Renovations & Capital Improvements. 25 of 36 Units Have Been Fully Rehabbed., New Roof With 10 Year Warranty. Upgraded granite counter-tops, new cabinetry & luxury vinyl plank flooring in majority of the units. / The Solana Villa Apartments are situated on a large 1.11 acre corner lot. This 36 unit apartment is composed of all two bedroom / one bathroom units. The current ownership's 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 property has underwent recent improvements such as: Recent Renovation & Rehabbing $500,000+ In Recent Capital Expenditures, 25 of 36 Units Have Been Completely Rehabbed, 1446 Citrus Has a New Roof With 10 Year Warranty, 1414 Citrus Has 50-75% New Roof, Updated Exterior Paint & Facia Boards, New Interior Paint, Refinished or New Flooring in Rehabbed Units, Updated Kitchens & Bathrooms, Granite Counter tops & New Kitchen Cabinets in Majority of Units, New Windows in Some Units, Repaired / Operational Pool, Assigned Parking Space Per Unit.

Courtesy Of ALBERT LE, LE INVESTMENT GROUP
  1. 48,212 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1963
  • Floors: 2
  • County: San Bernardino
  • Units: 36
  • MLS Number:IV19112460

Additional Features

  • Laundry:
    • Common Area
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Two
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 31-35 Units/Acre
  • Pool Features:
    • Community
  • Carport Spaces:
    • 28.00
  • Parking Spaces:
    • 28.00
  • Sewer:
    • Public Sewer
  • Community Features:
    • Street Lights
  • Number of Buildings:
    • 2
  • Gross Income:
    • 432000.00
  • Net Operating Income:
    • 262460.00
  • CDOM:
    • 67
  • Special Conditions:
    • Standard
  • Insurance Expense:
    • 9259.00
  • Lot Size Acres:
    • 1.1068
  • Lot Size Area:
    • 48212.0000
  • Lot Size Square Feet:
    • 48212.00
  • Operating Expense:
    • 149080.00
  • Price Per SQFT:
    • 129.30
  • Tax ID:
    • 0155451090000
  • Total Expenses:
    • 149080.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
COLDWELL BANKER GEORGE REALTY
COLDWELL BANKER GEORGE REALTY
(626) 457-2388
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1414 Citrus Street San Bernardino, CA 92404

239409121 34.144333 -117.25602 124 /listing/239409121-150414967/1414-citrus-street-san-bernardino-ca-92404 False 0 3995000.0 105 IV19112460 False
  • $3,995,000
  • 48,212 lot
  • Est payment $21446.02/mo