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.