505 Rialto Ave San Bernardino, CA 92408

This exceptional Class A, 38-unit apartment building, Echo Apartments, presents a compelling investment opportunity in San Bernardino, CA. Built in 2022, this property boasts 42,174 square feet and offers a compelling mix of spacious 2, 3, and 4-bedroom apartments, each featuring modern finishes such as stainless steel appliances, full-sized washer and dryer hookups, plank flooring, and large covered patios. The building's amenities include a state-of-the-art multi-sport court, covered parking, controlled access, professional on-site management, and 24-hour maintenance. Individual metered utilities (RUBS), including water, are implemented. Located in a prime area near major highways, San Bernardino International Airport, universities, and several Amazon distribution centers, the property benefits from strong market demand and high occupancy rates. The asking price is $13,500,000, representing a price per unit of $355,263.16 and a price per square foot of $320.10. The current NOI is $716,332, yielding a 5.31% cap rate, while the pro-forma NOI is $928,413, projecting a 6.88% cap rate. The property's 2022 construction makes it exempt from California rent control, further enhancing its investment appeal. This is a rare opportunity to acquire a high-performing, newly constructed multifamily asset in a rapidly growing market. The property's excellent unit mix, modern amenities, and strategic location combine to create a strong and stable investment.