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176 W 8th St
San Bernardino, CA 92401
Mt. Sierra Apartments · Multifamily Property For Sale · 34 Units

Investment Highlights

  • 1986 Construction
  • Central A/C & Heat
  • Separately Metered for Gas & Electricity
  • Marjority of the Units Two Bedroom Floor Plans
  • Individual Water Heaters
  • Updated Units

Property Facts

No. Units 34
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.03 AC
Building Size 22,918 SF
Average Occupancy 100%
No. Stories 2
Year Built 1986
Parking Ratio 2.53/1,000 SF
Zoning RM, San Bernardino

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Storage Space
  • Heating
  • Patio

Site Amenities

  • Laundry Facilities

About 176 W 8TH ST , SAN BERNARDINO, CA 92401

Marcus & Millichap is proud to exclusively present the opportunity to acquire Mt Sierra Apartments, a 34 unit investment opportunity located in San Bernardino, California. The property was built in 1986 and sits on a lot size of 45,000 square feet and has a building size of 22,918 square feet. The property consists of ( one bedroom/ one bathroom units ( two bedroom/one bathroom units and ( two bedroom/two bathroom floorplans Mt Sierra Apartments features gated controlled access, open space and covered parking with storage and an on site laundry room. All of the units have central air conditioning and heat, individual water heaters and are separately metered for gas and electricity The units also feature private patios or balconies. Located in the Inland Empire the city of San Bernardino serves as one of the Inland Empire's anchor cities that spans 81 square miles and has a population of over 213,000. The city's location at the junctions of interstate 10 215 and SR 210 freeways, positions it as an intermodal logistics hub Large distribution and fulfillment warehouse facilities for Amazon, Stater Bros Pep Boys, and Burlington have been developed near the San Bernardino International Airport. In addition, the Metrolink commuter rail service, available at the Santa Fe train station, provides transportation to commuters from the San Bernardino area to major centers of employment, such as downtown Los Angeles, and Orange County Further enhancing commuter connectivity, a new light rail program is in the works extending service through San Bernardino to Redlands, California The two San Bernardino stops are strategically located in the civic center and hospitality corridors.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 16 $862.50 675
2+1 9 $984.00 735
2+2 9 $1,025 840

Property Taxes

Property Taxes

Parcel Number
0140-222-41
Land Assessment
$487,095
Improvements Assessment
$4,178,188
Total Assessment
$4,665,283
  • Listing ID: 19244282

  • Date on Market: 4/16/2020

  • Last Updated:

  • Address: 176 W 8th St, San Bernardino, CA 92401

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