1505 Sepulveda Avenue, San Bernardino, California 92404
- $1,615,000
- $1,615,000
Overview
- Apartment, Residential Income
- 10.0
- 6966 Sqft
- 1965
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
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Address: 1505 Sepulveda Avenue
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City: San Bernardino
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State/county: CA
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Zip/Postal Code: 92404
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Country: US
Details
Updated on May 17, 2024 at 5:23 pm-
Property ID IV24021684
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Price $1,615,000
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Property Size 6966 Sqft
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Land Area 0.3711 Acres
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Garages 10.0
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Year Built 1965
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Submit
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Sewer Public Sewer
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County San Bernardino
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Property Type Residential Income
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Pool None
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Community Features Urban
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