1525 E Lynwood Dr - Apartments FOR SALE


San Bernardino, CA 92404- Northeast Sterling
$4,500,000 USD
323-691-8706
1525 E Lynwood Dr, San Bernardino, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/9
null | 6.02% Cap Rate

1525 E Lynwood Dr
San Bernardino, CA 92404
Northeast Sterling


HIGHLIGHTS

  • 6.02% actual cap rate
  • 6.48% proforma cap rate
  • Gated property with electronic gate entrance
  • Sparkling pool
  • Carport parking
  • New exterior paint, new parking asphalt and new washers and dryers

OVERVIEW

Berkshire Hathaway C.P. Commercial is proud to present Copper Canyon Apartments located at 1525 E Lynwood Ave. San Bernardino, CA. This 25-unit apartment complex features an attractive unit mix of (17) one bedroom / one bathroom units, (8) two bedroom / two bathroom units. The property shows pride of ownership and has been well maintained throughout. Many updates have been done including, exterior paint, new parking asphalt, $14,000 in new commercial washer and dryer in the laundry room, updated units, lush landscaped grounds, sparkling pool, gated entry, carport, leasing office and onsite management. Very good rents in place. Active management did all the annual rental increases allowed by law. The condition of the property offers investors an asset that will require minimal maintenance for years to come. Please contact us for a Marketing package with Property Financials.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

25

PRICE/UNIT

$180,000

CAP RATE

6.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Copper Canyon Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

R2, San Bernardino

APN/PARCEL ID

0155-161-17

ASK ABOUT THIS PROPERTY

Cristobal LomeliThe Trident Group at Alliance Realty Coldwell BankMore Info
323-691-8706

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Cristobal LomeliThe Trident Group at Alliance Realty Coldwell BankMore Info
323-691-8706

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