$6,480,000
Cedarwood Apartments
Details
APN 0155451090000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 30,898
Units 36
Cap Rate 7.50%
NOI $446,995
Occupancy 95%
Price per SqFt $210
Class C
Year Built 1963
Year Renovated 2022
Buildings 2
Stories 2
Acreage 1.107
Zoning Public Rec
Sale Condition 1031 exchange
Well-Maintained, High-Occupancy 36-Unit Apartment Community with Strong In-Place Income
Marketing description
Stable, low maintenance, gated with high occupancy. Carports, laundry room. Located on a quiet street close to freeway and all daily amenities. Solid cash flow in a San Bernardino infill location. Priced to sell quick with an aggressive Cap Rate. All new windows, over 70% new roof and 95% upgraded all 2 beds one bath units with granite countertops, new cabinetry, and attractive vinyl flooring.
Investment highlights
All 2-Bedroom Unit Mix (High Demand)
- Larger units attract longer-term tenants and reduce turnover compared to studio/1-bed-heavy assets.
Strong In-Place Income + Proven Renovation Premium
- Majority of units have already been renovated (granite counters, updated cabinetry, vinyl flooring), demonstrating achievable rent premiums on remaining units.
Recent Capital Improvements
- Majority interior renovations completed
- ~70% new roofing
- New dual-pane windows
Remaining Value-Add
- Continue interior renovations
- Push rents to market levels
- Potential operational efficiencies (RUBS / expense control if applicable)
Below Replacement Cost Basis
- Offered at a significant discount to replacement cost, providing downside protection and long-term appreciation potential.
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$446,995.00
$37,249.58/mo
Valuation Metrics
0
DSCR
6.9%
Cap Rate
6.9%
ROI
Map
Zoning
RH ResidentialMulti FamilyResidential High
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View all 43 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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