205-209 Sonora Dr | San Bernardino, CA 92404
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- LoopNet Team
205-209 Sonora Dr
San Bernardino, CA 92404
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Attractive Offering Actual CAP Rate of 6.24%. ProForma Cap Rate of 6.67%, Achieved Through Continued Legal Rental Increases.
- Emerging Industry, Coupled With The Creation of New Jobs in San Bernardino Has Contributed to a High Demand For Housing.
- 100 % Occupied with Long Term Tenants. Rental Comparables Illustrate a 100 % Occupancy Area.
- Offering Actual GRM of 10.93, With a ProForma GRM of 10.21
- Turn Key, Financeable Asset(s). 1st Time to The Market in Over 15+ Years.
- Great location, North of the 210 Freeway
PROPERTY FACTS
| No. Units | 16 | Building Size | 16,420 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.34/1,000 SF |
| Lot Size | 0.55 AC | ||
| Zoning | N/Av, San Bernardino | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 16,420 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | N/Av, San Bernardino |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
SITE AMENITIES
- Laundry Facilities
ABOUT 205-209 SONORA DR , SAN BERNARDINO, CA 92404
1st time to the market in 15+ years. The Apartments Located on Sonora Drive are composed of (12) large, two bedroom / one bathroom units and (4) extra large, two bedroom / two bathroom units. The potential upside for the next investor will be realized through the continued implementation of site wide rental increases to meet market rents and demand.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | $1,204 | 1,025 |
| 2+2 | 4 | $1,325 | 1,100 |
PROPERTY TAXES
| Parcel Number | 0154-467-08 | Improvements Assessment | $2,493,839 |
| Land Assessment | $477,544 | Total Assessment | $2,971,383 |
PROPERTY TAXES
Parcel Number
0154-467-08
Land Assessment
$477,544
Improvements Assessment
$2,493,839
Total Assessment
$2,971,383
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