1319 N Acacia Ave - Apartments FOR SALE


San Bernardino, CA 92405- Downtown San Bernardino
$4,200,000 USD
714-814-2088
1319 N Acacia Ave, San Bernardino, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/13
null | 6.28% Cap Rate

1319 N Acacia Ave
San Bernardino, CA 92405
Downtown San Bernardino


HIGHLIGHTS

  • Attractive going in and stabilized returns, featuring a 5.37% current cap rate and a 6.28% pro forma cap rate. (+20% NOI increase through rent growth)
  • $4,500 in monthly rent increases realized & an additional $4,000+ in monthly upside remaining to be captured through continued market rent adjustments
  • Extensive capital improvements completed under current ownership, new roofing, all new rooftop HVAC units, 25% of the units have interior updates.
  • Diversified ancillary income of $13,440 annually from laundry, pet rent, and garage income.
  • Secure, fully gated community enhanced by a comprehensive 44 camera security system. / Desirable unit mix
  • Recently renovated onsite laundry facility, featuring a $25,000 capital investment. Non-renovated units $6,000/unit in targeted updates.

OVERVIEW

The apartment community located at 1319 Acacia Avenue in San Bernardino, California is ideally positioned between the I-215, I-10, and I-210 freeways, offering excellent regional connectivity. Situated on a 0.70-acre corner lot, the property benefits from strong visibility, convenient access, and onsite parking. The 22-unit community features a highly desirable unit mix consisting of (12) one-bedroom/ one-bath units, (9) two-bedroom/one-bath units, and (1) three-bedroom/two-bath unit, allowing the property to attract a broad tenant demographic. Current ownership has made extensive capital improvements, significantly enhancing both operational efficiency and tenant appeal. Upgrades include all new rooftop HVAC units, new roofing, and full interior renovations to approximately 25% of the units. The property is fully gated and secured by a comprehensive 44-camera security system, reinforcing resident safety and long-term asset stability. Additionally, the onsite laundry facility has undergone a $25,000 renovation, generating approximately $2,400 in annual laundry income, along with $2,640 in annual garage income and $8,400 in annual pet income.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

22

PRICE/UNIT

$190,909

CAP RATE

6.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

RM

APN/PARCEL ID

0145-203-55

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

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Albert LeLe Investment GroupMore Info
714-814-2088

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