Phone888.995.7575

2991 Mountain Avenue, San Bernardino, CA 92404

$3,120,000 Approx. USD 0 beds, 0 baths
28,599 sqft

Agent Remarks

Highlights: Competitive Offering CAP Rate of 6.21 %, Competitive Offering Actual GRM of 8.80, Rental Comparables Illustrate a 97 % Occupancy Area, 7% - 8% Upside In Potential Rental Income, the property offers Gated, Covered Parking wioth Many Interior Units Having Been Updated. BBQ / Pool Area, Onsite Laundry, Non-Rent Control Community & Area. The Mountain Avenue Apartments are situated on a large 1.11 acre lot . This forty unit apartment community is composed of 20 one bedroom / one bathroom units and 20 two bedroom / one bathroom units. The property has had numerous interior and exterior updates. Contact for the full offering. 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# IV16702048
List price is $3,120,000
Beds: 0
Baths: 0
Built in 1980
28,599 sqft
2 stories
1.11 acres
Lot size: 48351.000
County: San Bernardino
Zoning: R3
Parking description: Carport
MLS area: 274 - San Bernardino

Last Updated: 10/12/2016

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This listing belongs to the 274 - San Bernardino MLS area

The listing is zoned R3.
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Lat/Long: 34.145362, -117.256019.
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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

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Hispanic/Non-Hispanic Population

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