Back to search
1414 Citrus Street San Bernardino, CA $ 6,995,000
Share Save
$ 6,995,000 Get more info
1414 Citrus Street
$ 6,995,000
Back to search
Recently Listed
Share Save

1414 Citrus Street

San Bernardino, CA, 92404
$ 6,995,000
Bedrooms72 Baths1.0 Sq 30,898

Monthly Estimate*

$ 48,862

Listed by LE INVESTMENT GROUP
1414 Citrus Street, San Bernardino, CA 92404 - Image 1
1414 Citrus Street, San Bernardino, CA 92404 - Image 2
1414 Citrus Street, San Bernardino, CA 92404 - Image 3
1414 Citrus Street, San Bernardino, CA 92404 - Image 4
1414 Citrus Street, San Bernardino, CA 92404 - Image 5
1414 Citrus Street, San Bernardino, CA 92404 - Image 6
1414 Citrus Street, San Bernardino, CA 92404 - Image 7
1414 Citrus Street, San Bernardino, CA 92404 - Image 8
1414 Citrus Street, San Bernardino, CA 92404 - Image 9
1414 Citrus Street, San Bernardino, CA 92404 - Image 10
1414 Citrus Street, San Bernardino, CA 92404 - Image 11
1414 Citrus Street, San Bernardino, CA 92404 - Image 12
1414 Citrus Street, San Bernardino, CA 92404 - Image 13
1414 Citrus Street, San Bernardino, CA 92404 - Image 14
1414 Citrus Street, San Bernardino, CA 92404 - Image 15
1414 Citrus Street, San Bernardino, CA 92404 - Image 16
1414 Citrus Street, San Bernardino, CA 92404 - Image 17
1414 Citrus Street, San Bernardino, CA 92404 - Image 18
1414 Citrus Street, San Bernardino, CA 92404 - Image 19
1414 Citrus Street, San Bernardino, CA 92404 - Image 20

Multi-Family Home for sale in San Bernardino, CA

for $6,995,000 with 72 bedrooms and 1 full bath. This 30,898 square foot home was built in 1963 on a lot size of 1.11.

Highlights; Attractive Offering Actual CAP Rate of 6.08% / ProForma CAP Rate of 6.70% / ProForma CAP Rate is Based on Leveling Off Current Rents / Extra Large Units 850+ Sq. Ft. All 2-bedroom units / Priced below replacement cost at $226.39 per Sq. Ft. / Rental Comparables Illustrate a 98% Occupancy Area / The Property is Currently 100% Occupied, With Well-Qualified Tenants / Upgraded units with granite countertops, new cabinetry and luxury vinyl plank flooring in majority of the units. / Well-Maintained Onsite Laundry / Providing Additional Annual Income / Ample Onsite Parking With Covered Carport Parking / Property is Fully Fenced The 36-unit apartment complex is situated on a large 1.11 acre corner lot . This 36 unit apartment community is composed of all two bedroom / one bathroom units. The current ownerships focus has been on quality improvements. The onsite management has implemented strict rental criteria, which in turn has created a more favorable living environment for working class people and families. The building currently operates at near 100% occupancy.

See more
Multi-Family Active

Price

$ 6,995,000

Bedrooms

72

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

1.11

Year Built

1963

Town/City

San Bernardino

County/Region

San Bernardino

MLS | Web ID

IV24092349

Days on Market

12
Features
General
Sewer PublicSewer
Garage Spaces 0.0
Pool Features None
Year Built 1963
Stories 2
Levels Two
Property SubType Apartment
Gross Income 732240.0
Community Features Suburban
County San Bernardino
Net Operating Income 505032.0
Operating Expense 148514.0
Insurance Expense 22500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Citrus Street
City San Bernardino
Entry Location 1 & 2
View Y/N N
Senior Community Y/N N
Open Parking Spaces 18.0
Total Units 36
MLS Area 274 - San Bernardino
Lot Size Square Feet 48351.6
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Citrus
Listing Terms Submit
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 8000.0
Home Warranty Y/N N
Fuel Expense 8000.0
Trash Expense 8000.0
Water Sewer Expense 8000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 9
Property Sub Type Additional Apartment
Cap Rate 6.08
See more
Exterior
Lot Features Item3640UnitsAcre
Water Source Public
Total Parking 18.0
Lot Size Area 1.11
Number of Buildings 2
Spa N
Building Area Total 30898.0
Lot Size Acres 1.11
Lot Size Units Acres
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 37
Number of Separate Electric Meters 37
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Interior
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
See more
Internal Only
Street Number 1 1414
See more
* Excluded Features
List By
Le Investment Group

Broker

(909) 256-7889

Phone

Affordability Calculator

$48,862
Per Month
100%
0%
0%
Monthly Principal & Interest
$48,862
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/8/2024$6,995,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

1414 Citrus Street, San Bernardino, CA, 92404 is a Multi-Family Home for sale at $6,995,000 with 30,898 sqft and a lot size of 1.11. 1414 Citrus Street has 72 bedrooms, 1.0 baths, and was built in 1963. The property's zip code is 92404 which is in San Bernardino, CA

Get more info