1414-1446 E Citrus St - Apartments FOR SALE


San Bernardino, CA 92404- Northeast Sterling
$6,480,000 USD
714-448-4300
1414-1446 E Citrus St, San Bernardino, CA for Sale
$6,480,000 USD
Apartments - FOR SALE
1/32
null | 6.9% Cap Rate

1414-1446 E Citrus St
San Bernardino, CA 92404
Northeast Sterling


HIGHLIGHTS

  • Strong In-Place Income + Upside - high occupancy with renovated interiors in a majority of units (granite counters, updated cabinetry, vinyl flooring)
  • All 2-Bedroom Units - larger floorplans (~850+ SF) cater to long-term tenants and reduce turnover risk.
  • Attractive Basis – Below Replacement Cost - offered at a discount to replacement cost (~$209/SF), creating a strong downside hedge for inves
  • Operational Simplicity - gated community, on-site laundry, carport parking, low-maintenance layout
  • High Occupancy Submarket - located in a rental market with strong demand and historically tight vacancy, supporting long-term rent growth.
  • Recent Capital Improvements - ownership has completed significant upgrades: majority unit renovations, ~70% new roofing, new dual-pane windows

OVERVIEW

36-unit value-add apartment community located in a strong infill pocket of San Bernardino. The property is comprised entirely of spacious 2-bedroom/1-bath units (~850+ SF), offering a highly desirable unit mix for working-class families. The asset is currently operating at or near full occupancy with stable in-place cash flow, while still providing a clear path to continued rent growth and operational efficiencies. Ideal for 1031 exchange buyers or investors seeking scale with manageable operations and strong tenant demand.

FOR SALE DETAILS

PRICE

$6,480,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

36

PRICE/UNIT

$180,000

CAP RATE

6.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedarwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

RH

APN/PARCEL ID

0155-451-09

ASK ABOUT THIS PROPERTY

Azhar SabirHT VENTURES, INC, Raja RealtyMore Info
714-448-4300

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Azhar SabirHT VENTURES, INC, Raja RealtyMore Info
714-448-4300

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