Multifamily

650 N Mountain View Ave

650 N Mountain View Ave, San Bernardino, CA 92401

Listing Price: $1,100,000

Cap Rate
5.68%
Number of Units
9
GRM
11.30
Occupancy
95.0%
Price/Unit
$122,222
Price/Gross SF
$205.61
Gross SF
5,350

Investment Overview

Marcus & Millichap is pleased to present for sale this 9-unit investment opportunity located at 650 N Mountainview Ave in San Bernardino, California. The property is a mix of three bedroom one bath and one bedroom one bath units with completely renovated interiors . Owner has spent over $40,000 that includes, all new windows, flooring and cabinetry. The subject property is located within a prime area of Downtown San Bernardino, and it is within close proximity to shopping and entertainment centers, schools, parks, government buildings, and more.

This offering provides an investor with the opportunity to acquire a value-add project that will be producing a 6.76% cash on cash return right from the start. Bringing the rents to market levels, will increase cash on cash return to 11.18% providing an investor double digit returns. This investment should prove to be a successful one for an owner who is seeking to add to their portfolio, invest for the first time, or add value and exit/recapitalize in the years to come.

(This property has to be sold with 9 units at 1326 Belle St, San Bernardino, California 92401)

Investment Highlights

  • Owner Spent Over $40,000 On Interior And Exterior Renovations
  • All Brand New Windows, Flooring And Cabinetry
  • 7.01% Cap Rate After Leveling Off Current Rents
  • Turnkey Asset With Added Value Component
  • Laundry Room With New 28 Gallon Water Heater
  • Covered Parking

Exclusively Listed By

  • Brendon Guichet

    Senior Associate

    Email Brendon

    License(s): CA: 01931695

    Ontario

  • Drew Holden

    Senior Associate

    (949) 419-3200

    Email Drew

    License(s): CA: 01962800, NV: S.0189703

    Las Vegas

Listing Price: $1,100,000

Cap Rate
5.68%
Number of Units
9
GRM
11.30
Occupancy
95.0%
Price/Unit
$122,222
Price/Gross SF
$205.61
Gross SF
5,350

Investment Highlights

  • Owner Spent Over $40,000 On Interior And Exterior Renovations
  • All Brand New Windows, Flooring And Cabinetry
  • 7.01% Cap Rate After Leveling Off Current Rents
  • Turnkey Asset With Added Value Component
  • Laundry Room With New 28 Gallon Water Heater
  • Covered Parking

Investment Overview

Marcus & Millichap is pleased to present for sale this 9-unit investment opportunity located at 650 N Mountainview Ave in San Bernardino, California. The property is a mix of three bedroom one bath and one bedroom one bath units with completely renovated interiors . Owner has spent over $40,000 that includes, all new windows, flooring and cabinetry. The subject property is located within a prime area of Downtown San Bernardino, and it is within close proximity to shopping and entertainment centers, schools, parks, government buildings, and more.

This offering provides an investor with the opportunity to acquire a value-add project that will be producing a 6.76% cash on cash return right from the start. Bringing the rents to market levels, will increase cash on cash return to 11.18% providing an investor double digit returns. This investment should prove to be a successful one for an owner who is seeking to add to their portfolio, invest for the first time, or add value and exit/recapitalize in the years to come.

(This property has to be sold with 9 units at 1326 Belle St, San Bernardino, California 92401)

Exclusively Listed By

  • Brendon Guichet

    Senior Associate

    Email Brendon

    License(s): CA: 01931695

    Ontario

  • Drew Holden

    Senior Associate

    (949) 419-3200

    Email Drew

    License(s): CA: 01962800, NV: S.0189703

    Las Vegas

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