Gated Apartment Building with
1414 Citrus San Bernardino, CA 92404
1414 Citrus, San Bernardino, CA, 92404
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For Sale
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Gated multifamily property with carports and a laundry room, featuring updated 2-bedroom, 1-bath units and major exterior improvements.
Property Size30,898 SF
Price / SF$209.72
Days on Market87
Property Features for 1414 Citrus
General Information
- Standard status
- Active
- Size
- 30,898 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing agency
Shamoon Sikora
Listed by
Azhar Sabir · License #01346363
Source
Crexi
Added: Apr 27 Updated: Jul 21 at 11:58AM Checked: Jul 21 at 11:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shamoon Sikora
Investment Insights
Based on property information with market context.
This gated apartment building offers a low-maintenance setup with high occupancy, carports, and an on-site laundry room. The residential mix is made up of 2-bedroom, 1-bath units, with extensive recent upgrades across the property.
According to the provided information, all new windows have been installed. Over 70% of the roof has been replaced, and approximately 95% of the 2-bedroom, 1-bath units have been upgraded with granite countertops, new cabinetry, and attractive vinyl flooring.
The property is situated on a quiet street and is described as close to the freeway and daily amenities, within a San Bernardino infill location.
According to the provided information, all new windows have been installed. Over 70% of the roof has been replaced, and approximately 95% of the 2-bedroom, 1-bath units have been upgraded with granite countertops, new cabinetry, and attractive vinyl flooring.
The property is situated on a quiet street and is described as close to the freeway and daily amenities, within a San Bernardino infill location.
Key Highlights
- Gated multifamily property built in 1963 with carports and a laundry room
- All units are 2‑bedroom, 1‑bath
- Over 70% new roof and all new windows
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $760.1k | $24.60 |
| − Vacancy | −$39.5k | −$1.28 |
| EGI | $720.6k | $23.32 |
| − OpEx | −$324.3k | −$10.49 |
| NOI | $396.3k | $12.83 |
30,898 SF · lease $24.60/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.66M
$4.95M – $6.61M
NOI $396,311 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.31M
$8.14M – $10.86M
NOI $651,379 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Gated multifamily property with carports and a laundry room, featuring updated 2-bedroom, 1-bath units and major exterior improvements.
Where is this apartment building located?
The property is located at 1414 Citrus San Bernardino, CA.
What is the asking price?
The asking price for this property is $6,480,000.
What are key features of this property?
This property features: Gated multifamily property built in 1963 with carports and a laundry room; All units are 2‑bedroom, 1‑bath; Over 70% new roof and all new windows
