236 E 48th St - Apartments FOR SALE


San Bernardino, CA 92404- Wildwood Park
$3,300,000 USD
714-814-2088
236 E 48th St, San Bernardino, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/8
null | 6.4% Cap Rate

236 E 48th St
San Bernardino, CA 92404
Wildwood Park


HIGHLIGHTS

  • Operating at a 6.40% CAP rate with a market pro forma of 7.60%.
  • 1985 construction with key capital improvements: copper plumbing, main line replaced, and recent roof repairs
  • Desirable unit mix: (14) 1-bed, (5) 2-bed, and (1) 3-bed units across 12,914 rentable SF
  • Located in North San Bernardino, a low-turnover submarket near Cal State, major employers, and freeway access
  • Large 0.68-acre island lot with surface covered parking and room for operational flexibility.

OVERVIEW

Le Investment Group is proud to present the North Sierra Apartments, a 20-unit multifamily property located in North San Bernardino. The unit mix includes (14) 1-bed, (5) 2-bed, and (1) 3-bed units across 12,914 SF on a 0.68-acre lot with on-site parking. Built in 1985, the asset features copper plumbing, a full main line replacement, recent roof repairs, and updated interiors upon turnover. Currently operating at a 6.40% cap rate with a pro forma of 7.60%, this stabilized property offers immediate cash flow with rental upside, situated near Cal State San Bernardino and major freeways in a low-turnover submarket.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

20

PRICE/UNIT

$165,000

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Sierra Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,499 SF

ZONING

R-3, San Bernardino

APN/PARCEL ID

0154-123-01,0154-123-02

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.