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221 E 19th St
San Bernardino, CA 92404
Multifamily Property For Sale
·
4 Units
Investment Highlights
- ALL (4) UNITS DELIVERED 100% VACANT AT CLOSE OF ESCROW: Immediate value-add opportunity with no existing tenant restrictions.
- PRIVATE BACKYARD PATIOS FOR EACH UNIT: Each unit includes its own private outdoor space.
- CENTRAL AIR CONDITIONING IN ALL UNITS: All units feature central heating and air conditioning.
- DESIRABLE UNIT MIX CONSISTING ENTIRELY OF (4) TWO BEDROOM TOWNHOUSE STYLE UNITS.
- SEPARATELY METERED FOR GAS AND ELECTRICITY: Tenants pay their own gas and electricity.
Executive Summary
Marcus & Millichap is pleased to present 221 E 19th Street, a 4 unit multifamily property in San Bernardino offering a rare opportunity for a new owner to immediately lease units at market rents with all four units delivered vacant at close of escrow.?
The property consists entirely of two bedroom, two bathroom, two story townhouse style units designed to provide a more residential living experience than traditional apartment product.? Each unit features a private backyard patio, central air conditioning, washer and dryer hookups, and dedicated carport parking.? The property is separately metered for gas and electricity, helping keep owner utility expenses low.?
The townhouse layouts and private outdoor space create strong tenant appeal and provide a competitive advantage compared to many nearby apartment properties.? With all units vacant, a new owner has the ability to establish market rents from day one without inheriting below market leases.?
Located in San Bernardino, the property offers convenient access to the 215 and 210 freeways along with nearby shopping, schools, and major employment centers throughout the Inland Empire.? The ability to immediately establish market rents, combined with reduced owner utility responsibilities, creates an opportunity to increase income from day one while building long term value.?
The property consists entirely of two bedroom, two bathroom, two story townhouse style units designed to provide a more residential living experience than traditional apartment product.? Each unit features a private backyard patio, central air conditioning, washer and dryer hookups, and dedicated carport parking.? The property is separately metered for gas and electricity, helping keep owner utility expenses low.?
The townhouse layouts and private outdoor space create strong tenant appeal and provide a competitive advantage compared to many nearby apartment properties.? With all units vacant, a new owner has the ability to establish market rents from day one without inheriting below market leases.?
Located in San Bernardino, the property offers convenient access to the 215 and 210 freeways along with nearby shopping, schools, and major employment centers throughout the Inland Empire.? The ability to immediately establish market rents, combined with reduced owner utility responsibilities, creates an opportunity to increase income from day one while building long term value.?
Property Facts
| Price Per Unit | $348,232 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,944 SF |
| Cap Rate | 6.65% | Average Occupancy | 90% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RU - Residential | ||
| Price Per Unit | $348,232 CAD |
| Sale Type | Investment |
| Cap Rate | 6.65% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,944 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RU - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | 986 |
Property Taxes
| Parcel Number | 0146-085-05 | Improvements Assessment | $943,172 CAD |
| Land Assessment | $235,793 CAD | Total Assessment | $1,178,965 CAD |
Property Taxes
Parcel Number
0146-085-05
Land Assessment
$235,793 CAD
Improvements Assessment
$943,172 CAD
Total Assessment
$1,178,965 CAD
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