5098-5150 N 3rd Ave | San Bernardino, CA 92407
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5098-5150 N 3rd Ave
San Bernardino, CA 92407
Multifamily Property For Sale · 24 Units
Investment Highlights
- Located 1.5 Miles (5 Minutes) from The California State University of San Bernardino. North of the 210 Freeway, Residential Neighborhood.
- Current GRM of 10.68 With a ProForma GRM of 9.46 / Markets Rents& Stable Collection Throughout Pandemic. Onsite Management In-place.
- Property Repairs Completed on a Scheduled Basis Throughout Ownership Without Deferring. / Owner Pay Water & Trash
- Impressive In-place CAP Rate of 5.91% With a ProForma CAP Rate of 6.91%. Majority government (section 8) tenants.
- Emerging Industry, Coupled With The Creation of New Jobs in San Bernardino Has Contributed to a High Demand For Housing.
- Potential To Implement Additional Onsite Laundry With Owner Supplied Machines to Increase Passive Cash-flow. / Gated entry, covered parking.
PROPERTY FACTS
| No. Units | 24 | Building Size | 25,872 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1985/2021 |
| Building Class | C | Parking Ratio | 1.93/1,000 SF |
| Lot Size | 1.72 AC |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.72 AC |
| Building Size | 25,872 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2021 |
| Parking Ratio | 1.93/1,000 SF |
Unit Amenities
- Air Conditioning
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 23 | $1,525 | - |
| 2+1 | 1 | $1,650 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,135,590 | |
| Land Assessment | $624,240 | Total Assessment | $4,759,830 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$624,240
Improvements Assessment
$4,135,590
Total Assessment
$4,759,830
zoning
| Zoning Code | R3 |
| R3 |
Learn More About Investing in Apartment Buildings
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
