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1123 Bobbett Dr
San Bernardino, CA 92410 East Valley

$1,290,000 USD

Apartments For Sale  •  4,188 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,188 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1948
  • Cap Rate 6.40 %
  • Zoning RM
30 Transit Score
50 Walk Score

Highlights

Offered at an attractive 6.40% cap rate and 10.48 GRM, providing strong in-place returns.
Excellent unit mix of (4) 2 Bedroom / 1 Bath units and (2) 1 Bedroom / 1 Bath units, appealing to a wide range of tenants.
Recent roof replacement, new electrical breakers in select units, and remodeled interiors with fresh paint and upgraded finishes in select units.
Rear storage area offers the opportunity for supplemental storage income, providing investors with additional cash flow potential.
Well-maintained apartment community featuring ±4,188 rentable square feet on a ±12,622 square foot lot.
Most units feature no shared walls, providing tenants with added privacy and helping support long-term occupancy.

Property Flyers

Cap Rate: 6.40 %

Public Transportation

Commuter RailDriveWalkDistance
San Bernardino (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.7 mi
Rialto (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 17 min - 7.6 mi
AirportDriveWalkDistance
Ontario International 30 min - 24.8 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 10
Type: Reserved
Included in Rent: Yes
Sebastian Diaz 909-827-0687 Marcus & Millichap
Sebastian Diaz 909-827-0687 Marcus & Millichap