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1319 N Acacia Ave 22 Unit Apartment Building $5,752,404 CAD ($261,473 CAD/Unit) 6.28% Cap Rate San Bernardino, CA 92405
Investment 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)
- Extensive capital improvements completed under current ownership, new roofing, all new rooftop HVAC units, 25% of the units have interior updates.
- Secure, fully gated community enhanced by a comprehensive 44 camera security system. / Desirable unit mix
- $4,500 in monthly rent increases realized & an additional $4,000+ in monthly upside remaining to be captured through continued market rent adjustments
- Diversified ancillary income of $13,440 annually from laundry, pet rent, and garage income.
- Recently renovated onsite laundry facility, featuring a $25,000 capital investment. Non-renovated units $6,000/unit in targeted updates.
Executive Summary
The apartment community located at 1319 Acacia Avenue in San Bernardino, California is ideally positioned between the I-215, I-10, and I-210 freeways, offering excellent
regional connectivity. Situated on a 0.70-acre corner lot, the property benefits from strong visibility, convenient access, and onsite parking. The 22-unit community
features a highly desirable unit mix consisting of (12) one-bedroom/ one-bath units, (9) two-bedroom/one-bath units, and (1) three-bedroom/two-bath unit, allowing the
property to attract a broad tenant demographic. Current ownership has made extensive capital improvements, significantly enhancing both operational efficiency and tenant appeal. Upgrades include all new rooftop HVAC units, new roofing, and full interior renovations to approximately 25% of the units. The property is fully gated and secured by a comprehensive 44-camera security system, reinforcing resident safety and long-term asset stability. Additionally, the onsite laundry facility has undergone a $25,000 renovation, generating approximately $2,400 in annual laundry income, along with $2,640 in annual garage income and $8,400 in annual pet income.
regional connectivity. Situated on a 0.70-acre corner lot, the property benefits from strong visibility, convenient access, and onsite parking. The 22-unit community
features a highly desirable unit mix consisting of (12) one-bedroom/ one-bath units, (9) two-bedroom/one-bath units, and (1) three-bedroom/two-bath unit, allowing the
property to attract a broad tenant demographic. Current ownership has made extensive capital improvements, significantly enhancing both operational efficiency and tenant appeal. Upgrades include all new rooftop HVAC units, new roofing, and full interior renovations to approximately 25% of the units. The property is fully gated and secured by a comprehensive 44-camera security system, reinforcing resident safety and long-term asset stability. Additionally, the onsite laundry facility has undergone a $25,000 renovation, generating approximately $2,400 in annual laundry income, along with $2,640 in annual garage income and $8,400 in annual pet income.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,752,404 CAD | Building Class | C |
| Price Per Unit | $261,473 CAD | Lot Size | 0.70 AC |
| Sale Type | Investment | Building Size | 15,742 SF |
| Cap Rate | 6.28% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.83 | No. Stories | 2 |
| No. Units | 22 | Year Built/Renovated | 1987/2025 |
| Property Type | Multifamily | Parking Ratio | 1.73/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM | ||
| Price | $5,752,404 CAD |
| Price Per Unit | $261,473 CAD |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| Gross Rent Multiplier | 9.83 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 15,742 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2025 |
| Parking Ratio | 1.73/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Refrigerator
- Range
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $1,644 CAD | 600 - 750 |
| 2+1 | 9 | $2,123 CAD | 800 - 1,000 |
| 3+1 | 1 | $2,739 CAD | 900 - 1,200 |
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Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 0145-203-55 | Total Assessment | $4,549,304 CAD |
| Land Assessment | $828,468 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,720,836 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0145-203-55
Land Assessment
$828,468 CAD
Improvements Assessment
$3,720,836 CAD
Total Assessment
$4,549,304 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1319 N Acacia Ave
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