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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID LG26043133
HOA Y/N No
Year Built 1962
Annual Tax Amount $10,904
Tax Year 2025
Lot Size 0.289 Acres
Lot Dimensions Assessor
Property Sub-Type Multi Family
Property Description
The property has benefited from meaningful recent capital investment, including five fully remodeled units, four of which were completed in 2025 with new flooring, appliances, and fixtures. Each apartment is equipped with HVAC, dual pane windows, and tile or plank flooring. Utilities are investor friendly, with electric and gas individually metered to the tenants while the landlord pays water, sewer, and trash. This, together with the updated interiors and common areas, minimizes near term capital requirements and supports durable cash flow.
In-place cap rate of approximately 6.0 percent with a projected cap rate of approximately 6.7 percent supported by pro forma income
Outstanding historical performance with 100 percent current occupancy and only 1.4 percent vacancy over the past five years
Pacific Stands out from the rest because of it's high income, excellent tenant base and it is a very well kept property with little or no defferred maintenance that supports durable cash flow.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Zoning RM
Interior
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, See Remarks
Exterior
Fence Block
Community Features Gated
Utilities Available Cable Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Roof Type Composition
Present Use Residential,Single Family
Total Parking Spaces 11
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 0273141630000
Security Features Fire Detection System,Gated Community,Smoke Detector(s)
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Nearby Locations
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