430-440 West 21st Street

San Bernardino, CA



Close of Escrow: 07/28/2017

Total Number of Units: 11

Year Built: 1940-1949

Sale Price: $808,500

Price per Unit: $73,545

Price per Square Foot: $143.54

CAP Rate: 6.69%

GRM: 9.25

Downpayment: $283,150

Net Operating Income: $54,085

Rentable Square Feet: 5,636

Lot Size: 0.34 Acres

Unit Type


1Bdr 1Bath

2Bdr 1Bath

No. of Units




Le Investment group was pleased to represent the Seller of the apartment community located on 21st Street is situated on two lots totaling 15,000 Sq. Ft. This eleven unit apartment community is comprised of six individual dwellings which include an attractive unit mix of 2 studios, 8 one bedroom / one bathroom units and 1 two bedroom / one bathroom unit. The tenants are provided onsite and street parking, garages / storage, and in unit laundry hookups. The property is one of only a few multi-family buildings of its kind on this street, as the rest of the buildings are single family residences.