1123 Bobbett Dr - Apartments FOR SALE


San Bernardino, CA 92410- East Valley
$1,290,000 USD
909-827-0687
1123 Bobbett Dr, San Bernardino, CA for Sale
$1,290,000 USD
Apartments - FOR SALE
1/8
null | 6.4% Cap Rate

1123 Bobbett Dr
San Bernardino, CA 92410
East Valley


HIGHLIGHTS

  • Offered at an attractive 6.40% cap rate and 10.48 GRM, providing strong in-place returns.
  • Excellent unit mix of (4) 2 Bedroom / 1 Bath units and (2) 1 Bedroom / 1 Bath units, appealing to a wide range of tenants.
  • Recent roof replacement, new electrical breakers in select units, and remodeled interiors with fresh paint and upgraded finishes in select units.
  • Rear storage area offers the opportunity for supplemental storage income, providing investors with additional cash flow potential.
  • Well-maintained apartment community featuring ±4,188 rentable square feet on a ±12,622 square foot lot.
  • Most units feature no shared walls, providing tenants with added privacy and helping support long-term occupancy.

OVERVIEW

Marcus & Millichap is pleased to present 1123 Bobbett Drive, a six-unit multifamily property located in San Bernardino, California. Offered at a 6.40% cap rate and 10.48 GRM, the property delivers strong in-place cash flow with additional long-term upside. The property consists of approximately ±4,188 rentable square feet on a ±12,622 square foot lot with a unit mix of (4) two-bedroom/one-bathroom units and (2) one-bedroom/one-bathroom units. Most of the units are bungalow style with no shared walls, offering tenants added privacy and helping differentiate the property from traditional apartment layouts. Recent improvements include a newer roof, new electrical breakers in select units, and updated interiors in select units with fresh paint and upgraded finishes. An additional storage area located at the rear of the property provides an opportunity for supplemental rental income, offering investors another potential source of revenue. The property is conveniently located near the 210 and 215 Freeways, providing easy access throughout San Bernardino and the Inland Empire. Tenants also benefit from nearby employment centers, shopping, dining, schools, and everyday services. Combined with its recent improvements, bungalow-style layout, and strong in-place returns, 1123 Bobbett Drive presents an attractive long-term investment opportunity.

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$308 USD /SF

# OF UNITS

6

PRICE/UNIT

$215,000

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,624 SF

ZONING

RM

APN/PARCEL ID

0278-031-08

ASK ABOUT THIS PROPERTY

Sebastian DiazMarcus & MillichapMore Info
909-827-0687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Sebastian DiazMarcus & MillichapMore Info
909-827-0687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.