548 W Marshall
About This Property
Design a multi-family urban housing project featuring one story of commercial space consisting of four individual retail stores, and one story of residential units containing four 2-bedroom, 2 bathroom apartments. See attached plan and permit for the fencing under supplements.
The plans are ready for submission, The cost is $20K, and the newly installed fence cost about $18K. These two lots already have three concrete driveways, and all sidewalks are completed. There is no need for any additional site improvements, and the electrical and water lines are adjacent to the property lines.
Prime Development Opportunity in San Bernardino with 2 Lots for Sale APN 0152-132-16-0000 and adjacent lot APN 0152-132-15-0000 Discover the potential of this expansive vacant land located at 548 & 542 W Marshall Boulevard, San Bernardino, CA 92405, total of 10,500 sf. This property offers a unique chance to create your vision in a highly sought-after area. Situated in a prime location with easy access to major highways, shopping centers, schools, and parks, this property is ideal for investment purposes. The property is zoned Commercial (CG1), offering flexibility for different types of construction and usage. This zone is intended to provide for the continued use, enhancement, and new development of retail, personal service, entertainment, office, auto parts, beauty salon, dry cleaners, day care facilities and residential. Utilities such as water, electricity, and sewer connections are available, simplifying the development process. Enjoy the benefits of a well-established neighborhood with a strong sense of community and ongoing growth and development. Close to grocery stores, restaurants, schools, and healthcare facilities, this location is convenient for future residents. Easy access to major freeways (I-215, I-10, and CA-210) ensures a smooth commute to nearby cities and attractions. With the ongoing growth in San Bernardino, this property represents a solid investment opportunity with potential for substantial returns.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Shandin Hills
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