$1,487,500
SOLD FEB 7, 2025

1199 W 41st St Arrowhead Farms, CA 92407

3 Beds
3 Baths
5,160 Sq Ft
0.43 Acres

Recently Sold

$288 Per Sq Ft

6% Below List Price

6 Days on Market

Highlights

  • Open Floorplan
  • Corner Lot
  • No HOA
  • Cajon High School Rated A-
  • Quartz Countertops
  • Living Room Balcony

About This Home

As of February 2025

NEW CONSTRUCTION FOURPLEX!!! Investors welcome to one of the best valued fourplex San Bernardino offers.
This property is located 2 miles away from California State University of San Bernardino, in fact, one of the units was rented to 3 students of the university, walking distance to shopping center and restaurants.
Every unit comes with 3 bedrooms, 2.5 bathrooms, an upstairs family room and a nice balcony with beautiful mountain view, 2 car garage, laundry hookups in the garage, kitchen with pantry, stove, dishwasher and refrigerator.
There is a playground and picnic/grill area for common use, nice landscaping and fully fenced.
Each unit has a fully paid PV solar system.
This environment will bring comfort and utility to allow you to attract the best tenants and the highest rental values in the area.
PROPERTY IS A MUST TO SEE!!!

Last Agent to Sell the Property

Raudel Diaz

NATIONAL REALTY GROUP Brokerage Phone: 909-635-7768 License #01254735 Listed on: 01/04/2025

NATIONAL REALTY GROUP

Last Buyer's Agent

Kelly Arshi

Re/Max First Class License #01032834

Re/Max First Class

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,985

Year Built

  • Built in 2024

Lot Details

  • 0.43 Acre Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Vinyl Fence
  • Corner Lot

Parking

  • 2 Open Parking Spaces
  • 8 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 5,160 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Laminate Flooring

Kitchen

  • Gas Range
  • Range Hood
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater

Additional Features

  • Accessible Parking
  • Living Room Balcony

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 33
  • Tax Tract Number 95
  • Assessor Parcel Number 0265221230000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Mountainous Community

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,037
  • Maintenance Expense $600
  • Water Sewer Expense $3,600
  • New Taxes Expense $19,587
  • Operating Expense $26,424
  • Gross Income $96,643
  • Net Operating Income $98,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,985

Year Built

Built in 2024

Lot Details

0

Parking

8

Listing Details

  • Other Phone Description: Assistant
  • Other Phone Number: 909-635-7768
  • Price Per Unit: 393750
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 0265221230000
  • Year Built: 2024
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Balcony, Living Room Balcony, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting
  • Stories: 2
  • Entry Location: On 41st St
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 288.28
  • Room Type: All Bedrooms Up

Exterior Features

  • Fence: Yes
  • Fencing: Vinyl, Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Range Hood, Refrigerator, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Mountainous, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18810.00
  • Lot Size Acres: 0.4318

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 96643.00
  • Gross Operating Income: 124800.00
  • Gross Scheduled Income: 124800.00
  • Insurance Expense: 2037.00
  • Lot Size Area: 18810.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 98376.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 26424.00
  • Rent Control: No
  • Total Actual Rent: 10400.00
  • Total Expenses: 26424.00

Tax Info

  • New Taxes Expense: 19587.00
  • Tax Lot: 33
  • Tax Tract Number: 95

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2025
Closed on
Jan 15, 2025
Sold by
Rk Capital Group
Bought by
Jamal & Sons Llc
Seller's Agent
Raudel Diaz
NATIONAL REALTY GROUP
Buyer's Agent
Kelly Arshi
Re/Max First Class
List Price
$1,575,000
Sold Price
$1,487,500
Premium/Discount to List
-$87,500
-5.56%
Total Days on Market
6
Views
56
Current Estimated Value
$1,476,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,348
Avg. Annual Appreciation
-2.44%
Original Mortgage
$750,000
Outstanding Balance
$748,090
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$728,062

Purchase Details

Closed on
May 28, 2019
Sold by
Anduray Luis O and Zamora Norma
Bought by
D Vega Builders Inc

Purchase Details

Closed on
Apr 18, 2017
Sold by
San Berdoo Holding Company Llc
Bought by
Anduray Luis O and Zamora Norma

Purchase Details

Closed on
Aug 25, 2014
Sold by
House Jason
Bought by
House Amber Raydon

Purchase Details

Closed on
Aug 21, 2014
Sold by
White Luanne
Bought by
Raydon House Amber and House Nikki

Purchase Details

Closed on
Aug 20, 2014
Sold by
White Michael
Bought by
White Luanne
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,487,500 Fidelity National Title
Grant Deed $82,000 Wfg National Title Co
Grant Deed $54,000 Wfg National Title Company
Grant Deed -- Wfg National Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $5,000 Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,000 New Conventional
Previous Owner $950,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Sold $1,487,500 -5.6% $288 / Sq Ft
01/04/2025 01/04/25 For Sale $1,575,000 -- $305 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,985 $145,656 $145,656 --
2023 $1,935 $142,800 $142,800 $0
2022 $1,257 $86,197 $86,197 $0
2021 $1,255 $84,507 $84,507 $0
2020 $1,255 $83,640 $83,640 $0
2019 $887 $56,182 $56,182 $0
2018 $721 $38,165 $38,165 $0
2017 $484 $37,417 $37,417 $0
2016 $470 $36,683 $36,683 $0
2015 $479 $36,132 $36,132 $0
2014 $385 $29,263 $29,263 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25002166

California Regional Multiple Listing Service (CRMLS)

APN: 0265-221-23