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Cedarwood Apartments 1414-1446 E Citrus St 36 Unit Apartment Building $8,862,696 CAD ($246,186 CAD/Unit) 6.90% Cap Rate San Bernardino, CA 92404
Investment Highlights
- ATTRACTIVE 6.9 CAP ON CURRENT NUMBERS
- GATED WITH CARPORTS AND AMPLE PARKING
- LARGE ALL 2/1 850+ Sq UNITS
- QUIET SETTING CLOSE TO FREEWAY
- UPGRADED UNITS
Executive Summary
Listed below replacement cost of $209/ft with an aggressive cap rate of 6.9%. Stable, low maintenance, gated with high occupancy. Carports, laundry room. Located on a quiet street close to freeway and all daily amenities. Solid cash flow in a San Bernardino infill location. All new windows, over 70% new roof and 95% upgraded all 2 beds one bath units with granite countertops, new cabinetry, and attractive vinyl flooring
Property Facts
| Price | $8,862,696 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $246,186 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.11 AC |
| Cap Rate | 6.90% | Building Size | 30,898 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.36 | No. Stories | 2 |
| No. Units | 36 | Year Built/Renovated | 1963/2022 |
| Property Type | Multifamily | Parking Ratio | 1.55/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RH - Multifamily | ||
| Price | $8,862,696 CAD |
| Price Per Unit | $246,186 CAD |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.36 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.11 AC |
| Building Size | 30,898 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 1.55/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RH - Multifamily |
Amenities
Unit Amenities
- Storage Space
- Kitchen
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 36 | $2,318 CAD | 836 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0155-451-09 | Improvements Assessment | $4,853,804 CAD |
| Land Assessment | $1,121,835 CAD | Total Assessment | $5,975,640 CAD |
Property Taxes
Parcel Number
0155-451-09
Land Assessment
$1,121,835 CAD
Improvements Assessment
$4,853,804 CAD
Total Assessment
$5,975,640 CAD
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Presented by
HT VENTURES, INC, Raja Realty
Cedarwood Apartments | 1414-1446 E Citrus St
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