1414 Citrus

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1414 Citrus

San Bernardino, CA 92404
Asking Price
$6.48M
Cap Rate
7.5%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Well-Maintained, High-Occupancy 36-Unit Apartment Community with Strong In-Place Income <p><strong>All 2-Bedroom Unit Mix (High Demand)</strong></p><ul><li>​ Larger units attract longer-term tenants and reduce turnover compared to studio/1-bed-heavy assets.</li></ul><p><strong>Strong In-Place Income + Proven Renovation Premium</strong></p><ul><li>​ Majority of units have already been renovated (granite counters, updated cabinetry, vinyl flooring), demonstrating achievable rent premiums on remaining units.</li></ul><p><strong>Recent Capital Improvements</strong></p><ul><li>​Majority

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NOI
$80,000
Cap Rate
1.23%
DSCR
0.21
Underwater
Cash-on-Cash
-15.67%
Monthly Payment
$32,059.504
Annual Cash Flow
$-304,714.053

Location & Travel Times