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4744 N Sierra Way
San Bernardino, CA 92404
Sierra Vista · Multifamily Property For Sale
·
25 Units
Investment Highlights
- Attractive Offering Actual CAP Rate of 6.06%. ProForma Cap Rate of 6.43%, Achieved Through Continued Legal Rental Increases.
- Offering Actual GRM of 10.73, With a ProForma GRM of 10.03
- Turn Key, Financeable Asset(s). 1st Time to The Market in Over 20+ Years.
- Detached 2 Bedroom 1 Bathroom Single Family Residence included in the sale.
- 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.
Property Facts
| No. Units | 25 | Building Size | 16,450 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 2.49/1,000 SF |
| Lot Size | 0.70 AC | ||
| Zoning | R3, San Bernardino | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 16,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.49/1,000 SF |
| Zoning | R3, San Bernardino |
Amenities
Unit Amenities
- Air Conditioning
- Oven
Site Amenities
- Laundry Facilities
About 4744 N SIERRA WAY , SAN BERNARDINO, CA 92404
1st time to the market in 20+ years. The Sierra Vista Apartments are composed of (20) one bedroom / one bathroom units, 4 two bedroom/ one bathroom units and (1) two bedroom / one bathroom single family residence. 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 |
|---|---|---|---|
| 1+1 | 20 | $923.50 | 650 |
| 2+1 | 5 | $1,243 | 750 - 1,000 |
Property Taxes
| Parcel Number | 0154-122-22 | Improvements Assessment | $2,812,201 |
| Land Assessment | $424,483 | Total Assessment | $3,236,684 |
Property Taxes
Parcel Number
0154-122-22
Land Assessment
$424,483
Improvements Assessment
$2,812,201
Total Assessment
$3,236,684
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