North Sierra Apartments
Type: Multifamily
236 E 48th Street San Bernardino, CA 92404
Status:
Sold
Close of Escrow: 12/29/2025

Total Number of Units: 20
Year Built: 1985
Sale Price: $2,700,000
Price per Unit: $135,000
Price per Square Foot: $209.08
CAP Rate: 6.40%
GRM: 9.20
Downpayment: $1,056,000
Net Operating Income: $211,062
Rentable Square Feet: 12,914
Lot Size: .68
Unit Type
1B1B
2B2B
3B2B
No. of Units
14
5
1
Le Investment Group is pleased to present 236 E 48th Street, a 20-unit apartment community built in 1985, featuring fourteen 1-bed/1-bath, five 2-bed/2-bath, and one 3-bed/2-bath unit across approximately 12,914 rentable square feet. Situated on a 0.68-acre lot with ample on-site parking, the property has received major capital improvements including a full main line replacement, all-copper plumbing, and recent roof repairs. Interior upgrades upon turnover include new paint, flooring, and fixtures, providing low deferred maintenance and a turn-key asset.

