1505 Sepulveda Avenue, San Bernardino, California 92404
  • $1,615,000

Overview

Property ID: IV24021684
  • Apartment, Residential Income
  • Property Type
  • 10.0
  • Garages
  • 6966 Sqft
  • Area Size
  • 1965
  • Year Built

Description

HIGHLIGHTS: Competitive Offering with an Actual CAP Rate of 5.34%, with Significant Upside Potential, Projected ProForma CAP Rate of 6.92% / Offering an Actual Gross Rent Multiplier (GRM) of 11.79, with a Projected ProForma GRM of 9.48. The Sandalwood East Apartments, constructed in 1965 on a spacious 0.37-acre corner lot, boast an excellent location ideal for single families. This eight-unit property spans 6, 966 sq. ft and comprises four one-bedroom, one bathroom units (1BD/1BA) as well as four oversized two bedroom, two-bathroom units (2BD/2BA). Tenants enjoy the convenience of four two-car garages and two single car garages. Additional amenities include private balconies/patios, individual A/C and heating, and a beautifully landscaped private yard/garden. Demonstrating a strong sense of ownership pride, this property offers prospective buyers an opportunity to acquire an asset with minimal maintenance requirements for decades to come.

  • Address: 1505 Sepulveda Avenue
  • City: San Bernardino
  • State/county: CA
  • Zip/Postal Code: 92404
  • Country: US

Details

Updated on May 17, 2024 at 5:23 pm
  • Property ID IV24021684
  • Price $1,615,000
  • Property Size 6966 Sqft
  • Land Area 0.3711 Acres
  • Garages 10.0
  • Year Built 1965
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Submit
  • Sewer Public Sewer
  • County San Bernardino
  • Property Type Residential Income
  • Pool None
  • Community Features Urban

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