1521 North Sierra Way, San Bernardino, CA 92405

$1,000,000 Approx. USD 0 beds, 0 baths
7,812 sqft

Agent Remarks

Highlights: Competitive Offering CAP Rate of 6.34 %, Proforma Cap of 6.75 Competitive, Offering Actual GRM of 9.16, Proforma Grm of 8.59, Many Interior Units Have Been Updated, Non-Rent Control Community & Area, Rental Comparables Illustrate a 95 % Occupancy Area, 5% - 7% Upside In Potential Rental Income Per Rental Comparables. The apartments located at 1521 North Sierra Way are situated on a large .43 acre lot . This twelve unit apartment community is composed of 8 one bedroom / one bathroom units and 4 two bedroom / one bathroom units. The Apartment community is located in the W 13Th St / N E St 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 W 13Th St / N E St 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% in the W 13Th St / N E St 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: Active
MLS# IV16192184
List price is $1,000,000
Beds: 0
Baths: 0
Built in 1958
7,812 sqft
2 stories
0.42 acres
Lot size: 18600.000
County: San Bernardino
MLS area: 274 - San Bernardino

Last Updated: 10/12/2016

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This listing belongs to the 274 - San Bernardino MLS area

Lat/Long: 34.127693, -117.284760.
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Broker: Courtesy of LE INVESTMENT GROUP
Listing Agent: ALBERT LE

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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:

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