Multifamily

1326 Belle St

1326 Belle St, San Bernardino, CA 92404

Listing Price: $1,000,000

Cap Rate
5.78%
Number of Units
8
GRM
11.26
Occupancy
95.0%
Price/Unit
$125,000
Price/Gross SF
$250.00
Gross SF
4,000

Investment Overview

Marcus & Millichap is pleased to present for sale this 8-unit investment opportunity located at 1326 Belle St in San Bernardino, California. The property is all one bedroom one bath single story bungalow style units with completely renovated interiors and exterior work. Owner has spent over $75,000 that includes, all new windows, flooring, cabinetry, kitchens, bathrooms and new individual water heaters. 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 7% cash on cash return right from the start. 3 out of 8 units are already achieving $1,000 and bringing the remaining rents to market levels, will increase cash on cash return to 9.35%. 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 650 N Mountainview Ave, San Bernardino, California 92401)

Investment Highlights

  • All Brand New Individual Water Heaters, Windows, Flooring, Cabinetry and Plumbing
  • 6.5% Cap Rate After Leveling Off Current Rents (37.5% Of Units Are At Market Level)
  • Turnkey Asset With Added Value Component
  • Large Private Individual Backyards
  • Single Story Bungalow Style Units
  • Owner Spent Over $75,000 On Interior And Exterior Renovations

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: $1,000,000

Cap Rate
5.78%
Number of Units
8
GRM
11.26
Occupancy
95.0%
Price/Unit
$125,000
Price/Gross SF
$250.00
Gross SF
4,000

Investment Highlights

  • All Brand New Individual Water Heaters, Windows, Flooring, Cabinetry and Plumbing
  • 6.5% Cap Rate After Leveling Off Current Rents (37.5% Of Units Are At Market Level)
  • Turnkey Asset With Added Value Component
  • Large Private Individual Backyards
  • Single Story Bungalow Style Units
  • Owner Spent Over $75,000 On Interior And Exterior Renovations

Investment Overview

Marcus & Millichap is pleased to present for sale this 8-unit investment opportunity located at 1326 Belle St in San Bernardino, California. The property is all one bedroom one bath single story bungalow style units with completely renovated interiors and exterior work. Owner has spent over $75,000 that includes, all new windows, flooring, cabinetry, kitchens, bathrooms and new individual water heaters. 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 7% cash on cash return right from the start. 3 out of 8 units are already achieving $1,000 and bringing the remaining rents to market levels, will increase cash on cash return to 9.35%. 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 650 N Mountainview Ave, 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

MM Texture Background
MM Textured Background Lower