258 E Bryant St - Apartments FOR SALE


San Bernardino, CA 92408- Downtown San Bernardino
$1,800,000 USD
949-278-6645
258 E Bryant St, San Bernardino, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/5
null | 5.49% Cap Rate

258 E Bryant St
San Bernardino, CA 92408
Downtown San Bernardino


HIGHLIGHTS

  • 26% increase in rental revenue potential
  • (2) Four-Plexes obtain residential financing (lower down payment)
  • Located within a designated Opportunity Zone
  • Potentially add ADUs in the front or back
  • Each tenant has their own carport, which is a huge advantage over competing apartments in the area.

OVERVIEW

This is a rare opportunity to purchase eight units with residential financing, as each four-plex is on its own parcel. This allows for a lower down payment and a reduced interest rate compared to typical 5+ unit financing. Also, potential for FHA financing which is very attractive financing with a low down payment. We estimate the current rents are 26% below market rents. This translates into a potential 26% increase in rental revenue! Located within a designated Opportunity Zone, offering potential investors favorable tax incentives including tax-deferred and tax-free capital gain treatment when structured through a Qualified Opportunity Fund.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

8

PRICE/UNIT

$225,000

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Units (2 Fourplexes)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,752 SF

ZONING

RV-1, San Bernardino

APN/PARCEL ID

0135-251-27,0135-251-52

ASK ABOUT THIS PROPERTY

John GessfordLee & Associates - Newport BeachMore Info
949-278-6645

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John GessfordLee & Associates - Newport BeachMore Info
949-278-6645

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