List Search

1319 N Acacia Ave
San Bernardino, CA 92405 Downtown San Bernardino

$4,200,000 USD

Apartments For Sale  •  15,742 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,742 SF
  • Lot Size 0.7 AC
  • Building Class C
  • Year Built 1987
  • Zoning RM
43 Transit Score
72 Walk Score

Highlights

Attractive going in and stabilized returns, featuring a 5.37% current cap rate and a 6.28% pro forma cap rate. (+20% NOI increase through rent growth)
$4,500 in monthly rent increases realized & an additional $4,000+ in monthly upside remaining to be captured through continued market rent adjustments
Extensive capital improvements completed under current ownership, new roofing, all new rooftop HVAC units, 25% of the units have interior updates.
Diversified ancillary income of $13,440 annually from laundry, pet rent, and garage income.
Secure, fully gated community enhanced by a comprehensive 44 camera security system. / Desirable unit mix
Recently renovated onsite laundry facility, featuring a $25,000 capital investment. Non-renovated units $6,000/unit in targeted updates.

Amenities

  • Air Conditioning
  • Balcony
  • Courtyard
  • Laundry Facilities
  • Microwave
  • Tenant Controlled HVAC
  • Gated
  • Refrigerator
  • Range
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.0 mi
San Bernardino (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 2.4 mi
AirportDriveWalkDistance
Ontario International 32 min - 23.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Albert Le 714-814-2088 Le Investment Group
Albert Le 714-814-2088 Le Investment Group