1414 Citrus Street
1414 Citrus Street
Description
The 36-unit apartment complex is situated on a large 1.11 acre corner lot . This 36 unit apartment community is composed of all two bedroom / one bathroom units. The current ownerships focus has been on quality improvements. The onsite management has implemented strict rental criteria, which in turn has created a more favorable living environment for working class people and families. The building currently operates at near 100% occupancy.
- Listed by ALBERT LE • DRE #01468313 • Brokerage DRE #01923766 • LE INVESTMENT GROUP • 909-256-7889
Property Details for 1414 Citrus Street
Location
Property Details for 1414 Citrus Street
| Status | Active |
|---|---|
| MLS # | IV24092349 |
| Days on Market | 16 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1963 |
| County | San Bernardino County |
Location
Building Information for 1414 Citrus Street
Payment Calculator
$42,508 per month
30 year fixed, 7.25% Interest
$38,175
$4,333
$0
Property Information for 1414 Citrus Street
- Gross Income: $732,240
- Gross Scheduled Income: $732,240
- Net Operating Income: $505,032
- Cap Rate: 6.08
- Operating Expense: $148,514
- Fuel Expense: $8,000
- Electric Expense: $8,000
- Insurance Expense: $22,500
- Professional Management Expense: $25,532
- Trash Expense: $8,000
- Water Sewer Expense: $8,000
- Total Expenses: $213,049
- Tax Tract Number: 5038
- Tax Census Tract: 62.03
- CFD/Mello-Roos Fee: $10,007
- Tax Lot: 9
- Community Features: Suburban
- Laundry: Yes
- Laundry Features: Community
- Entry Location: 1 & 2
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 36-40 Units/Acre
- Number Of Units: 36
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 18
- Open Other Spaces Total: 18
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 36
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,695
- Unit Type Total Rent: $55,991
- Unit Type Pro Forma: 1695
- Unit Type Type: 1
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 37
- Number Of Separate Gas Meters: 37
- Number Of Separate Water Meters: 1
Property History for 1414 Citrus Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1414 Citrus Street
Schools near 1414 Citrus Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 6 |
Rating | School | Distance |
|---|---|---|
Hunt Elementary School PublicK to 5 | ||
Del Vallejo Middle School Public6 to 8 | ||
Pacific High School Public9 to 12 | ||
Taft T. Newman Leadership Academy CharterK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of LE INVESTMENT GROUP, ALBERT LE, DRE #01468313
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.