Trust Sale | 7120 Perris Hill Rd
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Trust Sale 7120 Perris Hill Rd
4 Unit Apartment Building $1,542,207 CAD ($385,552 CAD/Unit) 7.07% Cap Rate San Bernardino, CA 92404
Investment Highlights
- Probate Trust Sale / ProForma CAP Rate of 7.07% Achieved at Market Rent
- Fully Renovated Interiors: All units feature new tile flooring, paint, modern kitchen cabinets, sleek countertops, & brand-new windows throughout
- Rents Are Below Market With Tremendous Upside Potential For Added Income Growth Over The Foreseeable Future
- Over $200,000 in Recent Capital Improvements
- Eligible for FHA financing with just 3.5% down, allowing owner-occupants to possibly live in-one and rent the others to offset mortgage.
- Fully Gated Property With Ample Onsite Covered & Open Parkin / New Carports / Roof / Support Poles
Executive Summary
Drive by only, please do not disturb the tenants. * TRUST SALE * Discover the perfect blend of classic charm and modern luxury in this fully renovated 4-unit property, originally built in 1936 and revitalized in 2023. Each unit boasts new tile flooring, contemporary interiors with fresh paint, fully remodeled kitchens featuring stylish cabinets and countertops, and updated bathrooms with new showers. Enhanced for comfort and convenience, the property has undergone complete plumbing and electrical updates.
The property includes three attached units, each with 3 bedrooms and 2 bathrooms, as well as a detached unit offering 4 bedrooms and 2 bathrooms—ideal for larger
households or added rental appeal. Every unit and carport benefits from a brand-new roof and updated carports with new poles, providing excellent durability. Ample onsite
parking and a fully gated perimeter offer privacy and security, while additional land provides an exciting opportunity for future expansion or the addition of more
units. This exceptional property combines timeless character with modern upgrades, making it a truly unique investment.
The property includes three attached units, each with 3 bedrooms and 2 bathrooms, as well as a detached unit offering 4 bedrooms and 2 bathrooms—ideal for larger
households or added rental appeal. Every unit and carport benefits from a brand-new roof and updated carports with new poles, providing excellent durability. Ample onsite
parking and a fully gated perimeter offer privacy and security, while additional land provides an exciting opportunity for future expansion or the addition of more
units. This exceptional property combines timeless character with modern upgrades, making it a truly unique investment.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,542,207 CAD | Building Class | C |
| Price Per Unit | $385,552 CAD | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 3,625 SF |
| Cap Rate | 7.07% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1967/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $1,542,207 CAD |
| Price Per Unit | $385,552 CAD |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 3,625 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2022 |
| Parking Ratio | 0.75/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $2,551 CAD | 900 - 1,050 |
| 4+2 | 1 | $2,693 CAD | 1,000 - 1,150 |
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PROPERTY TAXES
| Parcel Number | 0273-192-01 | Total Assessment | $611,343 CAD |
| Land Assessment | $122,269 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $489,074 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0273-192-01
Land Assessment
$122,269 CAD
Improvements Assessment
$489,074 CAD
Total Assessment
$611,343 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | R3, San Bernardino |
| R3, San Bernardino |
-
Anthony Le -
Le Investment Group
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Trust Sale | 7120 Perris Hill Rd
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