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2991 Mountain Avenue, San B...

CBRE Brokers $13.3M Sale Of 80-Unit Multifamily Property In San Bernardino
SOLDMultiFamily

CBRE Brokers $13.3M Sale Of 80-Unit Multifamily Property In San Bernardino

2991 Mountain Avenue, San Bernardino, California 92404, United States

$13,300,000

Building Size

Asset Type

MultiFamily

Closing

May 2, 2022

AI

The multifamily property located at 2991 & 2995 Mountain Ave. in San Bernardino has been sold for a total of $13,300,000. The sale took place on 05/03/2022. The property comprises 80 units, with a per unit price of $166,250.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,300,000
  • Units: 80
  • Price Per Unit: $166,250
  • Address: 2991 & 2995 Mountain Ave.
  • Market: San Bernardino

The sale of this multifamily property was brokered by Cray Carlson from CBRE. Their expertise and representation facilitated the successful completion of the deal.

Players

Cray Carlson

CBRE

Broker

$147.1M

vol

16 deals

Broker

Twentynine Palms MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.19%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93