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314 W 5th Street

San Bernardino, CA 92401
  • $875,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: OC21240126
UPDATED: 54 min ago
$875,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent: Alan Zemek of Lrs Realty & Management Inc and Donicia Romero of


Description

OPENING BID $875.000 - Excellent Cap Rate Potential for the Buyer of this solid income producing property. -If you are looking for a decent cash-on-cash return make sure you check this one out! 8 Unit property with garages and surface parking for tenants. Laundry facility on site. Separate meters for electric & gas.Individual unit water heaters. New roof and other extensive repairs and renovations already completed.Renovated and ready to go for a new investor/owner!Owner is redeploying assets to another project and would like to sell this solid income producing property with a 1031 tax free exchange.Nicely renovated units. - Four occupied units, four units ready for new market rate tenants!Compare the income potential of this property and submit your offer today.Contact listing agent for showing information.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/122955422
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314 W 5th Street San Bernardino, CA 92401

  • Price: $875,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 54 min ago
  • ID#: OC21240126
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1950
Built
Neighborhood:
699 - Not Defined
County:
San Bernardino
Area:
699 - Not Defined
Property Description
OPENING BID $875.000 - Excellent Cap Rate Potential for the Buyer of this solid income producing property. -If you are looking for a decent cash-on-cash return make sure you check this one out! 8 Unit property with garages and surface parking for tenants. Laundry facility on site. Separate meters for electric & gas.Individual unit water heaters. New roof and other extensive repairs and renovations already completed.Renovated and ready to go for a new investor/owner!Owner is redeploying assets to another project and would like to sell this solid income producing property with a 1031 tax free exchange.Nicely renovated units. - Four occupied units, four units ready for new market rate tenants!Compare the income potential of this property and submit your offer today.Contact listing agent for showing information.
Exterior Features

Lot Features Near Park Number Of Separate Electric Meters 8 Open Parking Spaces 5 Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features UrbanPark Contingency Seller May Complete A 1031 Exchange Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 102330 Gross Scheduled Income 102330 Insurance Expense 0 Land Lease YN No Laundry Features Laundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 68572 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 24120 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Alan Zemek of Lrs Realty & Management Inc and Donicia Romero of