Overview
San Bernardino Multifamily Investment Opportunity
Located at 2352-2386 LeRoy Street in San Bernardino, the El Royale Apartments offer a 33-unit complex built in 1960. The two-story property is situated on a 43,549 square foot lot, with a total building size of 24,551 square feet. The unit mix comprises 28 one-bedroom/one-bathroom units and 5 two-bedroom/one-bathroom units, averaging 743 square feet per unit. The property features controlled gated access, carport parking, a gated swimming pool, an on-site laundry facility, rentable storage units, and a landscaped courtyard with a BBQ grill. Individual units include wall air conditioning and heating, gas oven/stoves, vertical blinds, high-speed internet access, and wood vinyl plank flooring or carpeting. The property is located on North LeRoy Street, south of the 210 freeway and within 4 miles of Downtown San Bernardino, offering convenient access to shops, restaurants, parks, and schools. It is also near San Bernardino City Hall, San Bernardino Valley College, CSU San Bernardino, Loma Linda University Medical Center, University of Redlands, and UC Riverside via the 10, 210, and 215 freeways. Access to local ski resorts and mountain cities is facilitated by highways 18 and 330. The Metrolink Commuter Train Depot is also nearby, providing service between Downtown Los Angeles and the Inland Empire. The property presents a value-add opportunity with approximately 27% rental upside potential through continued interior and exterior renovations. Nearby landmarks within 20 miles include San Manuel Stadium, Arrowhead Country Club, the First Original McDonald’s Museum, Dignity Health St. Bernardine Medical Center, San Bernardino International Airport, Yaamava’ Resort & Casino, Cal State University San Bernardino, Loma Linda University Medical Center, and the University of Redlands.