4515 Greenway Avenue

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4515 Greenway Avenue

San Bernardino, CA 92408
Asking Price
$2.49M
Asset Type
Multifamily
Class
Class B

What's Special

4515 Greenway Avenue is located in the northern region of San Bernardino, California, within a predominantly residential neighborhood characterized by a mix of single-family homes and mid-sized apartment complexes. The property situated near the base of the San Bernardino Mountains, offering proximity to outdoor recreation and the California State University, San Bernardino campus. Local amenities include various retail centers along University Parkway and North Kendall Drive. Access to the greater Inland Empire is facilitated by the nearby Interstate 215 and State Route 210, providing transit links to regional employment hubs. This multifamily asset is positioned for long-term residential leasing. The location is well-suited for a tenant profile consisting of university students, faculty, and administrative staff due to its proximity to the campus. Additionally, the property serves local service-sector employees and commuters seeking housing with direct freeway access. The site supports high-occupancy use cases, ranging from traditional long-term rentals to workforce housing models. Its situation within an established residential pocket makes it functional for residents prioritizing proximity to educational institutions and regional transportation corridors.

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NOI
$80,000
Cap Rate
3.21%
DSCR
0.54
Underwater
Cash-on-Cash
-9.08%
Monthly Payment
$12,319.161
Annual Cash Flow
$-67,829.937

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