$1,200,000

34645 Avenue H

Yucaipa CA, 92399

Description

Offering an Actual CAP Rate of 4.44%, ProForma CAP Rate of 4.82%. Offering an Acutal GRM of 15.02 with a ProForma GRM of 13.9. Over $45,000 invested in capital improvements to 5 units. New paint, flooring, water heaters, and wall A/C units. Yucaipa is known to be located in the top 50 safest cities in California. Tenants are awarded with washer & dryer hookups and garage parking. Close proximity to the 10 Fwy, Calimesa Elementary, and Green Valley High School. The Avenue H Apartments are located at the major cross streets of Avenue H and Third Street. This six unit apartment community is composed of all 1 bedroom 1 bath units, each of which are approximately 601 sq. ft.. The tenants are awarded with washer & dryer hookups, A/C, and garage parking. Yucaipa is a well-established community in the Southern San Bernardino County and is well known for one of the lowest crime rates. Yucaipa is considered to be in the top 50 safest cites in California. The owner has invested over $45,000 in capital improvements renovating 5 of the 6 units to include new flooring, paint, screens, water heaters, and A/C units. Each unit is individually metered for electric and gas. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.

Details

MLS#IV20200631
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1954
Days On Site67

Features

SQ Feet3,606
Units6
Building(s)1

Market Activity 92399

Loading Form
Loading Form
Area Information
StateCA
CountySan Bernardino
CityYucaipa
Zip Code92399
Area269 - Yucaipa/Calimesa
Listing VS Median (in 92399)
Price:
$1,200,000
low | high
Med:
$414,900
100% of Average
SqFt:
3,606
low | high
Med:
1,974
95.257903494176% of Average
$ / SqFt:
$333
low | high
Med:
$210
86.840197568389% of Average
On Site:
67
low | high
Med:
23
100% of Average
Listing Updated: November 29, 2020 10:22:12 PM PST
ALBERT LE LogoMLS Number: IV20200631
Listing Provided By:
ALBERT LE  of  LE INVESTMENT GROUP
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.