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Copper Canyon Apartments 1525 E Lynwood Dr 25 Unit Apartment Building $4,500,000 ($180,000/Unit) 5.82% Cap Rate San Bernardino, CA 92404

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INVESTMENT HIGHLIGHTS

5.82% actual cap rate
Gated property with electronic gate entrance
Carport parking with new asphalt

6.27% proforma cap rate
Sparkling pool
New exterior paint, new facia and new washers and dryers in laundry room.

EXECUTIVE SUMMARY

Berkshire Hathaway C.P. Commercial is proud to present Copper Canyon Apartments located at 1525 E Lynwood Ave. San Bernardino, CA. This 25-unit apartment complex features an attractive unit mix of (17) one bedroom / one bathroom units, (8) two bedroom / two bathroom units. The property shows pride of ownership and has been well maintained throughout. Many updates have been done including, exterior paint, new parking asphalt, $14,000 in new commercial washer and dryer in the laundry room, updated units, lush landscaped grounds, sparkling pool, gated entry, carport, leasing office and onsite management. Very good rents in place with good tenants. Management screens all applicants. No evictions and no bad credit. Active management did all the annual rental increases allowed by law. The condition of the property offers investors an asset that will require minimal maintenance for years to come. Please contact us for a Marketing package with Property Financials.

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$441,396	$29.48
Other Income	$7,000	$0.47
Vacancy Loss	$22,320	$1.49
Effective Gross Income	$426,076	$28.46
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$164,069	$10.96
Net Operating Income	$262,007	$17.50

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$441,396
Annual Per SF	$29.48

Other Income
Annual	$7,000
Annual Per SF	$0.47

Vacancy Loss
Annual	$22,320
Annual Per SF	$1.49

Effective Gross Income
Annual	$426,076
Annual Per SF	$28.46

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$164,069
Annual Per SF	$10.96

Net Operating Income
Annual	$262,007
Annual Per SF	$17.50

PROPERTY FACTS

Price	$4,500,000	Apartment Style	Low-Rise
Price Per Unit	$180,000	Building Class	C
Sale Type	Investment	Lot Size	0.71 AC
Cap Rate	5.82%	Building Size	14,973 SF
Sale Condition	1031 Exchange	No. Stories	2
Gross Rent Multiplier	10.19	Year Built	1984
No. Units	25	Parking Ratio	2.34/1,000 SF
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment
Zoning	R2, San Bernardino - Two Family Dwellings

Price	$4,500,000
Price Per Unit	$180,000
Sale Type	Investment
Cap Rate	5.82%
Sale Condition	1031 Exchange
Gross Rent Multiplier	10.19
No. Units	25
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.71 AC
Building Size	14,973 SF
No. Stories	2
Year Built	1984
Parking Ratio	2.34/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R2, San Bernardino - Two Family Dwellings