Description

Address: 2401 Sepulveda Ave
City: San Bernardino
State/county: California
Zip/Postal Code: 92404
Country: United States

Tired of deals that offer no cash flow? Take a look at this one!

Property Description

1980’s Construction – Offered at 5.9% CAP RATE!
Only $108,000 Per Unit
8 (2-Bed/1-Bath) & 4 (1-Bed/1-Bath) Units
Tenants Enjoy Onsite Laundry Facility & Secure Parking
Units Separately Metered for Electricity & Gas
9.46% Market Cash Return!

We are pleased to offer for sale this 12 unit investment property located in the highly dense rental community of San Bernardino. Constructed in 1987 the subject property is comprised of 8(2Bed/1Bath) units & 4(1Bed/1Bath) units all of which are separately metered for electricity and gas. Tenants enjoy an onsite laundry facility as well as onsite open space parking. Offered at a 5.92% entry Cap Rate, a new investor can take advantage of leveling rents to market level which would offer a 9.46% Cash-on-Cash return. (*Rents rates shown take effect 7/18/18)