Property details

San Bernardino County Senior Apartment Site, Pacific West Region

Property Description

San Bernardino County Senior Apartment Site

Proposed 300 Unit Senior Apartment Complex 15 Acre Property

Zoned 20 Units Per Acre

Priced at $5.35 Sq. Ft.

Property Located in Excellent Location Across Highway from WalMart

Adjacent to Grocery Chain Anchored Shopping Center

Located Near Medical Facilities, Government Offices, Entertainment, Numerous Restaurants, a Regional Mall, Abundant Shopping, Storage Facilities, Golfing and Senior Activity Centers

Property Very Near Busy and Convenient I-15 Corridor in High Desert of Southern California

Between Southern California Inland Empire and Las Vegas

Developers Seeking To Begin Development Process As Soon As Possible

Partner Will Be Protected With Escrow Arrangement For Funds Deposited and Funds Used As

Needed Only As Permits and Entitlements Accrue With Approval For Building Progress

Projected Income Upon Completion:

300 Units (Various Sizes) Average Monthly: $240,000

Projected Annual Income: $2,880,000

Projected Miscellaneous Income $432,000

Total Projected Annual Income: $3,312,000

Total Estimated Operating Expenses $993,600

Total Estimated Taxes $140,000

Total Projected Net Annual Income: $2,178,400

The partnership owner has tremendous relationship with city council and county planning dept. and can help fast forward the permitting and development process.

Owner will assist with this and will consider a 50% / 50% JV as an alternative.

This is a prime property for development, and city and county want this project.


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Property Information

Property Type:
Industry Type:
Senior Housing
Purchase Tenure:
Fee Simple

Existing financing information


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