1483 E Lynwood Dr, San Bernardino, CA 92404

Property Description

Villa Park Apartments, a 21-unit value added opportunity located in San Bernardino, California. The building rests on 0.59 acre lot with a total of 3 two-story buildings and provides residents with a quiet living environment and an open residential feel. Built in 1985, with a building size of 12,812 square feet, the property has a unit mix of one and two bedroom floor plans. There are (16) one bedroom/one bathroom units and (5) two bedroom/one bathroom units for a total of 21 units. All units have central air conditioning and heat, electric stoves and are individually metered for electricity. The apartment units are all electric. The central hot water heater is served by gas, which is paid by owner. Thirteen (13) of the twenty one (21) units have been updated with new flooring, countertops and paint. Amenities include: Swimming pool, laundry room with two washer and dryers, covered and open space parking (27 spaces). Villa Park is conveniently located near national retailers, major freeways, employment centers and public transportation. The property is in a submarket that is highly sought after from investors looking for yield, value-add opportunity, and improving market fundamentals