1483 East Lynwood Drive, San Bernardino, CA 92404

$1,495,000 Approx. USD 0 beds, 0 baths
13,100 sqft

Agent Remarks

Highlights: Competitive Offering Actual CAP Rate of 6.76 %, Proforma Cap of 7.23%, Competitive Offering Actual GRM of 8.28, Proforma GRM of 7.67, Many Interior Units Have Been Updated, Non-Rent Control Community & Area, Rental Comparables Illustrate a 97% Occupancy Area, 8% - 9% Upside In Potential Rental Income Per Rental Comparables. The Villa Park Apartments are situated on a large 1.11 acre lot . This twenty one unit apartment community is composed of 16 one bedroom / one Bathroom units and 5 two bedroom / one bathroom units. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area. Analysis shows that this rate is lower than 40% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# IV16192701
List price is $1,495,000 Reduced by $59,000 on 1/26/2017
Beds: 0
Baths: 0
Built in 1985
13,100 sqft
2 stories
0.30 acres
Lot size: 13175.000
County: San Bernardino
Parking description: Covered Parking
MLS area: 274 - San Bernardino

Last Updated: 6/23/2017

 Find more San Bernardino homes and real estate

 Find more homes in 92404 zip code

This listing belongs to the 274 - San Bernardino MLS area

Lat/Long: 34.146416, -117.255074.
Find nearby listings

Broker: Courtesy of LE INVESTMENT GROUP
Listing Agent: ALBERT LE

Area Map

Nearby Schools

Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

Similar Listings