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734 W Virginia St
San Bernardino, CA 92405 Downtown San Bernardino

$2,399,000 USD

Apartments For Sale • 9,864 SF

Property Details

Property Type Apartments
Total Building Size 9,864 SF
Lot Size 0.41 AC
Building Class C
Year Built 1950
Zoning RU2

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Current Cap Rate of 5.59% with a 7.99% Pro Forma CAP. Strong in place return with clear upside through rental increases and improved operations.
                            
                                Projected NOI Growth from ~$134K to ~$192K (~43% Increase) Significant income upside driven by repositioning to market rents.
                            
                                Gated Property with Secure On-Site Parking Controlled access and parking provide added convenience and security.
                            
                                Attractive Unit Mix – 100% 2BD/1BA Units (~883 SF) Spacious layouts that appeal to families and long- term tenants.
                            
                                Townhouse-Style Layouts with Two-Story Living Desirable floorplans offering separation of living space and increased tenant appeal.
                            
                                Private Fenced Yards for Each Unit Rare amenity that enhances tenant satisfaction and supports rent growth.

Amenities

Air Conditioning
Fenced Lot
Washer/Dryer Hookup
Oven
Tub/Shower
Yard
Private Bathroom
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Bernardino (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	2.2 mi
San Bernardino - Downtown Metrolink Station (Metrolink Inland Empire-Orange County Line - Metrolink Trains, Metrolink San Bernardino Line - Metrolink Trains)	6 min	-	2.3 mi
Airport	Drive	Walk	Distance
Ontario International	29 min	-	22.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes

Anthony Le 714-423-3819 Le Investment Group

734 W Virginia St San Bernardino, CA 92405 Downtown San Bernardino