This Multifamily Property is Off-Market.

2122 West Chestnut Street
San Bernardino, CA 92410 ·

184 Units · Multifamily For Sale

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Village Green Apartments

Price N/A Property Use Type Investment
No. Units 184 Year Built 1968
Building Size 172,880 SF Lot Size 18.75 AC
Property Type Multifamily APN / Parcel ID 0142-361-21
Property Sub-type Garden/Low-Rise
Listing ID: 16944276 Date Created: 12/09/2010 Last Updated: 05/02/2011

Description

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Village Green is a 184-unit apartment community built in 1968, the property was extensively renovated in 1999 and consists of 40 one- and two-story, wood frame and stucco buildings with pitched roofs. The excellent unit mix is 104 two-bedroom, one-bath units, 2 three-bedroom, one-bath units and 80 three-bedroom homes on over 18 acres of land. Village Green provides open spaces in a very well-maintained community. Units offer private patios and backyards (downstairs units), window coverings, air conditioning and heat, refrigerators, and gas ranges. The common area amenities feature a courtyard, two swimming pools, barbeque area, two playground areas, a full-sized basketball court, and four onsite laundry facilities. The property provides gated access and a courtesy security patrol. There are 45 detached garages, 82 carport spaces, 51 open parking spaces, and 2 handicap spaces onsite.

The city of San Bernardino is situated along the I-10 and I-215 freeways in the southern San Bernardino County area of the Inland Empire. Historically, the Inland Empire has been the leading job growth region in Southern California. The Southern California Association of Governments projects that the Inland Empire will add more than 1 million new jobs between 2010 and 2035. With several major development projects underway or in the planning stages, San Bernardino is poised for strong job and population growth in the years ahead.

Highlights

  • Low Income Housing Tax Credits (LIHTC)
  • 9.5% Return on Investment
  • 65-Unit HAP Contract
  • Large Two- & Three-Bedroom Units
  • Garages and Covered Parking
  • 18.75-Acre Beautifully Landscaped Community

Research

2122 West Chestnut Street, San Bernardino, CA 92410 (San Bernardino County)

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