2995 Mountain Avenue, San Bernardino, CA 92404

$3,120,000 Approx. USD 0 beds, 0 baths
28,598 sqft

Agent Remarks

Highlights: Competitive Offering CAP Rate of 6.24 %, Competitive Offering Actual GRM of 8.73, Non-Rent Control Community & Area, Rental Comparables Illustrate a 97 % Occupancy Area, 7% - 8% Upside In Potential Rental Income. Some Interior Units Have Been Updated, property has BBQ / Pool Area, Onsite Laundry, & Gated, Covered Parking. The Mountain Plaza 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 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: Active
MLS# IV16713478
List price is $3,120,000
Beds: 0
Baths: 0
Built in 1979
28,598 sqft
2 stories
1.11 acres
Lot size: 48391.000
County: San Bernardino
Parking description: Carport Detached,Unassigned
MLS area: 274 - San Bernardino

Last Updated: 1/26/2017

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This listing belongs to the 274 - San Bernardino MLS area

Lat/Long: 34.145702, -117.256019.
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Broker: Courtesy of LE INVESTMENT GROUP
Listing Agent: ALBERT LE

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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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