2401 Sepulveda Avenue

    San Bernardino, CA 92404
    • $1,295,000
    • STATUS: Pending
    • ON SITE: 72 days
    • ID#: CV18131745
    Pending
    UPDATED: 79 min ago
    $1,295,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,216
      SQFT
    • $158
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this 12 unit investment property located in the highly dense rental community of San Bernardino. Constructed in 1987 the subject property is comprised of 8(2Bed/1Bath) units & 4(1Bed/1Bath) units all of which are separately metered for electricity and gas. Tenants enjoy an onsite laundry facility as well as onsite open space parking. Offered at a 5.92% entry Cap Rate, a new investor can take advantage of leveling rents to market level which would offer a 9.46% Cash-on-Cash return. (*Rents rates shown take effect 7/18/18)

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T14:33:35.557. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84238467

    2401 Sepulveda Avenue San Bernardino, CA 92404

    • Price: $1,295,000
    • Status: Pending
    • Updated: 79 min ago
    • ID#: CV18131745
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    8,216
    SQFT
    $158
    $/SQFT
    1987
    Built
    Neighborhood:
    274 - San Bernardino
    County:
    San Bernardino
    Area:
    274 - San Bernardino
    Property Description
    We are pleased to offer for sale this 12 unit investment property located in the highly dense rental community of San Bernardino. Constructed in 1987 the subject property is comprised of 8(2Bed/1Bath) units & 4(1Bed/1Bath) units all of which are separately metered for electricity and gas. Tenants enjoy an onsite laundry facility as well as onsite open space parking. Offered at a 5.92% entry Cap Rate, a new investor can take advantage of leveling rents to market level which would offer a 9.46% Cash-on-Cash return. (*Rents rates shown take effect 7/18/18)
    Exterior Features

    Carport Spaces 12.00 Garage Spaces 0.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Parking Total 20.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.90 Community Features CurbsGuttersSidewalks Country Us Electric Expense 1800.00 Elevation Units Feet Fuel Expense 2400.00 Gross Income 117120.00 Gross Operating Income 113606.00 Gross Scheduled Income 117120.00 Insurance Expense 3286.00 Land Lease YN No Laundry Income 3600.00 Laundry YN Yes Maintenance Expense 7952.00 Net Operating Income 76647.00 New Taxes Expense 15281.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Operating Expense 36960.00 Other Expense 2400.00 Other Expense Description Reserves Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 36960.00 Trash Expense 1440.00 Vacancy Allowance 3514 Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Kristopher German of Re/Max 2000.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T14:33:35.557. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094