1415 E Date Street, San Bernardino, CA 92404
Commercial property · 2 recorded sales since 2016
Sold June 2021
Listing Agent: MANUEL MARQUEZ (DRE #01223058) · Listing Office: Golden California · Contact: 909-429-2120 · Bought with: MANUEL MARQUEZ · Golden California · MLS #IV21100778 · Source: CRMLS
About this commercial property
We are proud to present a fully-repositioned and stabilized 44-unit investment opportunity. This is true full rehabbed apartment complex, and the CAPEX cycle has been fully reset for the next 5-10 years. With 100% off the units at Current-Market-Value it will allow full benefit of CA’s AB 1482 without any hindering of low rental rates. The layout consist of 14 3-Bedroom 1.5 bathrooms and 30 2-Bedroom 1 Bathroom. This 6% Cap is calculated with a 35% Expense-Ratio and plenty of upside to come. This is a great fit for your 1031 Exchange situation for anyone who wants to upgrade in Asset Class, with low CAPEX forecasted, 100% newly qualified tenants paying at Market-Rate as well as covering their own Rental-Insurance. Just as important there is no COVID-Defaults. With new Security-Systems, “Keyfods” Gate entry, Camera & Alarm one can feel a. Safe environment. New Amenities like new BBQ pits, New Family Patio as well as Children’s Playgrounds with new Artificial grass and tenants feel right at home. Through the building the major repairs consist of New Roof, New Plumbing fully inspected by the city. Every single unit has a New Water Heater, New Kitchens, New Heating/Cooling equipment, New windows, New Flooring, Interior Paint, and New appliances. Outside there is New Front Sod-Landscaping and sprinklers, New Cement Courtyards, as well as New Cat-Walk Flooring. On-Site property Manager and Coin Laundry make up an amazing opportunity for Income and Growth. Its a must see!!
Listing description from the June 2021 sale, as reported to CRMLS.
Sale history
