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12 Unit Bungalow Style Condos 5125 Bandera St

12 Unit Apartment Building $4,995,900 ($416,325/Unit) 5.28% Cap Rate Montclair, CA 91763

Investment Highlights

  • Washer and Dryer Hook Up In Units
  • Bungalow Style Units
  • Private Patios

Executive Summary

12 unit bungalow style apartments. Each 2 bedroom/1 Bathroom with private patios and 1 car private garage. Each unit has washer and dryer and HVAC. In past 12 months partial to full remodels done on 6 units along with many other capital upgrades.Entire exterior painted 04/8/2024. Each 2 unit building has its own APN. 6 APN's in total.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $329,100 $32.77
Other Income $949 $0.09
Vacancy Loss - -
Effective Gross Income $330,049 $32.86
Taxes $47,536 $4.73
Operating Expenses $43,938 $4.37
Total Expenses $91,474 $9.11
Net Operating Income $238,575 $23.75

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $329,100
Annual Per SF $32.77
Other Income
Annual $949
Annual Per SF $0.09
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $330,049
Annual Per SF $32.86
Taxes
Annual $47,536
Annual Per SF $4.73
Operating Expenses
Annual $43,938
Annual Per SF $4.37
Total Expenses
Annual $91,474
Annual Per SF $9.11
Net Operating Income
Annual $238,575
Annual Per SF $23.75

Property Facts

Price $4,995,900
Price Per Unit $416,325
Sale Type Investment
Cap Rate 5.28%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.71 AC
Building Size 10,044 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1963/2023
Parking Ratio 1.96/1,000 SF

Unit Amenities

  • Air Conditioning
  • Disposal
  • Washer/Dryer Hookup
  • Heating
  • Double Pane Windows
  • Patio

Site Amenities

  • Gated

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 12 $2,346 837
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R3 (Multifamily)
R3 (Multifamily)
  • Listing ID: 31269379

  • Date on Market: 3/19/2024

  • Last Updated:

  • Address: 5125 Bandera St, Montclair, CA 91763

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