NOT LISTED FOR SALE
-- Bed
1 Bath
2,944 Sq Ft
6,969 Sq Ft Lot

Last Sold December 21, 2022

Last sale price $1,020,000 $346 Per Sq Ft

246 Days on Market

About This Home

As of December 2022

We are proud to exclusively present the opportunity to acquire 1137 North Mayfield Avenue, a 9-unit multifamily investment property located in San Bernardino, California. Built in 1958, the property sits on a 0.16-acre lot and has a building size of approximately 2,944 square feet. The property is comprised of (9) Studio/one-bathroom units. The building features a fenced front lawn, spacious driveway, and nine covered parking spaces. All units are master metered for gas and electricity.
The apartment is conveniently located at the junction of Interstate 215, 10 and the Foothill 210 Freeways, and in close proximity to Downtown San Bernardino. With a very walkable score of 78, the property is surrounded by multiple restaurants, cafes, and grocery stores including El Super, Walgreens, and Stater Brothers Market. It is also minutes’ drive from recreation centers such as the Seccombe Lake, Perris Hill Park, and the Arrowhead Country Club. Tenants also enjoy four bus stops just down the street on Base Line, one of the arterial connecting cities in the Inland Empire.
The City of San Bernardino serves as one of the Inland Empire’s anchor cities that spans 81 square miles and has a population of over 213,000. Large distribution and ful?llment warehouse facilities for Amazon, Pep Boys, and Burlington have been developed near the San Bernardino International Airport. In addition, the Metrolink commuter rail service, available at the Santa Fe Train Station, provides transportation to commuters from the San Bernardino area to major centers of employment, such as Downtown Los Angeles, and Orange County.

Last Agent to Sell the Property

David Covarrubias

MARCUS & MILLICHAP Listed on: 04/04/2022

Co-Listed By

Douglas McCauley

MARCUS & MILLICHAP

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,969 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Home Design

  • 2,944 Sq Ft Home
  • Property Attached

Additional Features

  • 1 Bathroom
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 4 / 75
  • Tax Tract Number 5600
  • Assessor Parcel Number 0140064170000
  • $3,943 per year additional tax assessments

Community Details

Overview

  • 9 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $5,250
  • Fuel Expense $5,250
  • Gardener Expense $840
  • Insurance Expense $2,700
  • Maintenance Expense $6,000
  • Other Expense $1,000
  • Trash Expense $5,250
  • Water Sewer Expense $5,250
  • New Taxes Expense $14,800
  • Operating Expense $46,340
  • Gross Income $107,239
  • Net Operating Income $60,899

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 5.30
  • Price Per Unit: 127778
  • Property Attached: Yes
  • Water Sewer Expenses: 5250.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 0140064170000
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 346.47

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 5250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 6969.00
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 5250.00
  • Fuel Expense: 5250.00
  • Gross Income: 107239.00
  • Gross Multiplier: 10.40
  • Gross Operating Income: 107239.00
  • Gross Scheduled Income: 110556.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 6969.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 60899.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 46340.00
  • Operating Expense Percent: 43.20
  • Other Expense: 1000.00
  • Rent Control: No
  • Total Expenses: 46340.00
  • Vacancy Allowance: 3317
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14800.00
  • Tax Block: 75
  • Tax Census Tract: 56.01
  • Tax Lot: 4
  • Tax Tract Number: 005600
  • TaxOtherAnnualAssessmentAmount: 3943.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2022 12/21/22 Sold $1,020,000 -11.3% $346 / Sq Ft
12/06/2022 12/06/22 Pending -- -- --
06/01/2022 06/01/22 Price Changed $1,150,000 -5.3% $391 / Sq Ft
04/04/2022 04/04/22 For Sale $1,215,000 -- $413 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22067274

California Regional Multiple Listing Service (CRMLS)