Vito Scattaglia
Broker-Associate
CalBRE License # 01293902

24501Town Center Dr 104
Valencia, CA 91355
Phone: 661-317-8486
Cell: 6613178486
Email: vito@pinnacleestate.com
$3,425,000

1414 Citrus Street San Bernardino, CA 92404

Beds: 0
Baths: 0.00
Sq Ft: 0
Type: Residential Income
MLS#: IV18033730
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$5,051
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RECENT PRICE REDUCTION. Seller is motivated. Actual CAP of 7.28% and a GRM of 8.33. Recent Capital Improvements, Under New Management, Property is 100% Occupied and Stabilized / Non-Rent Control Community and Area. Located 5 Minute from San Manuel Indian Casino and 14 Minutes from CSUSB / Rental Comparables Illustrate a 98% Occupancy Area. Neighborhood Has Experienced A Recent Revitalization / 5% Upside in Potential Rental Income. Per Recent Rental Survey Neighboring Rental Comps Reflect Room For Rental Increases / BBQ / Pool Area, Onsite Laundry, Gated and Covered Parking. The Cedarwood Apartments are situated on a large 1.11 acre lot . This thirty six unit apartment community is composed of all two bedroom / one bathroom units. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area. Analysis shows that this rate is lower than 40% of the Neighborhoods in the nation, approximately near the middle range for vacancies., Directions Del Rosa Ave to E Lynwood Dr.

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DescriptionInterior & Exterior Features

Interior Features Include:

No Information Available.

Exterior Features Include:

Acreage: 1.1100 Acres

Lot:
Description 31-35 Units/Acre
Square Feet 48212

Garage/Parking: Carport Detached
Parking Carport Detached

Other Features Include:

Water: Public

Pool: Community Pool

This Listing is Presented By
IVLEALBER

Vito Scattaglia

Cell: (661) 317-8486

Work: (661) 317-8486

Email: vito@pinnacleestate.com

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