$1,613,000

6,966

square ft

1505 Sepulveda Avenue

San Bernardino, California 92404

Closed / MLS #IV24021684 / Condo / San Bernardino

Listing information updated 5/17/2024 at 12:42pm

HIGHLIGHTS: Competitive Offering with an Actual CAP Rate of 5.34%, with Significant Upside Potential, Projected ProForma CAP Rate of 6.92% / Offering an Actual Gross Rent Multiplier (GRM) of 11.79, with a Projected ProForma GRM of 9.48.The Sandalwood East Apartments, constructed in 1965 on a spacious 0.37-acre corner lot, boast an excellent location ideal for single families. This eight-unit property spans 6,966 sq. ft and comprises four one-bedroom, one bathroom units (1BD/1BA) as well as four oversized two bedroom, two-bathroom units (2BD/2BA). Tenants enjoy the convenience of four two-car garages and two single car garages. Additional amenities include private balconies/patios, individual A/C and heating, and a beautifully landscaped private yard/garden. Demonstrating a strong sense of ownership pride, this property offers prospective buyers an opportunity to acquire an asset with minimal maintenance requirements for decades to come.

Full Features

Main Level Primary Bedroom:

Fireplace:

Pool:

Age:

59 Years

Parking Spaces:

Garage:

Garage - 10 Car(s)

Square Feet:

6,966

Lot Size:

16163 Square Feet

Acreage:

0.3711

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

92404

City:

San Bernardino

County:

San Bernardino

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Full Features Taxes & Assessments Location Schools

Main Level Primary Bedroom:

Fireplace:

Pool:

Age:

59 Years

Parking Spaces:

Garage:

Garage - 10 Car(s)

Square Feet:

6,966

Lot Size:

16163 Square Feet

Acreage:

0.3711

Listing Office: LE INVESTMENT GROUP

Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.