1414-1446 E Citrus St
San Bernardino, CA 92404
Cedarwood Apartments · Multifamily Property For Sale · 36 Units

SELLER IS MOTIVATED * RECENT PRICE REDUCTION * $3,425,000 * ACTUAL CAP 7.28% The Cedarwood Apartments are situated on a large 1.11 acre lot . This thirty six unit apartment community is composed of all two bedroom / one bathroom units. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area. Analysis shows that this rate is lower than 40% of the Neighborhoods in the nation, approximately near the middle range for vacancies. In the East Lynwood Drive / Del Rosa Avenue area, 39.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.3%), and 15.6% in executive, management, and professional occupations.