25400 Pumalo Street

San Bernardino, CA

Status:

Sold

Close of Escrow: 11/30/2017

Total Number of Units: 12

Year Built: 1968

Sale Price: $880,000

Price per Unit: $80,000

Price per Square Foot: $110.48

CAP Rate: 8.31%

GRM: 8.04

Downpayment: $73,130

Net Operating Income: $1,020,733

Rentable Square Feet: 7,965

Lot Size: 0.528 Acres

Unit Type

Studio

2Bdr 1Bath

2Bdr 2Bath

No. of Units

2

9

1

Le Investment Group was pleased to represent the Buyer and Seller of this transaction. The Pumalo Apartments is situated on a 0.53 acre lot in the city of San Bernardino. This twelve unit apartment community has an attractive unit mix of 2 studio units, 9 two bedroom / one bathroom units and 1 two bedroom / two bathroom units. The tenants are afforded onsite parking & on-site laundry. The property is located In high infill densely populated area of San Bernardino. This asset is situated in a great location that is minutes away from three of the city’s largest major employers. Both the San Manuel Indian Casino and California State University San Bernardino are just minutes away to the north east and northwest, respectively. The St. Bernardine Medical Center is also just blocks away to the southwest.