North Sierra Apartments

Type: Multifamily

236 E 48th Street San Bernardino, CA 92404

Status:

Sold

Close of Escrow: 12/29/2025

North Sierra Aparments

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.