NOT LISTED FOR SALE
18 Beds
-- Bath
8,717 Sq Ft
0.84 Acres

Last Sold February 18, 2022

Last sale price $1,345,000 $154 Per Sq Ft

1 Day on Market

Highlights

  • 0.84 Acre Lot
  • No HOA
  • 1-Story Property
  • Beattie Middle School Rated A-
  • Bike Trail

About This Home

As of February 2022

The Lee Street Complex is for sale in the city of San Bernardino, CA. This unique property consists of five separate spacious residential buildings all sitting on one parcel. The first building is a large duplex consisting of (2) three bedroom/ two bath units. Followed by four single family homes. Each building has a large front and back yard which provides a comfortable living. All buildings are well maintained and have low maintenance costs.

In addition, the Lee Street Complex is conveniently located a few steps away from a large shopping center that has a Costco, Sam’s Club, Home Depot, Buffalo Wild Wings, In N Out Burger, Raising Cane’s, Jack in the Box, Starbucks, Best Buy and much more! Due to the popularity of the location of the Lee Street Complex, most of the tenants are long term and fully enjoy the convenience of being close to highway 10 for easy access all across the Inland Empire.

Last Agent to Sell the Property

Charly Ubaldo

Keller Williams Victor Valley License #02088736 Listed on: 02/05/2022

Keller Williams Victor Valley

Last Buyer's Agent

Charly Ubaldo

Keller Williams Victor Valley License #02088736 Listed on: 02/05/2022

Keller Williams Victor Valley

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.84 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 20 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 18 Bedrooms
  • 8,717 Sq Ft Home
  • 1-Story Property

Utilities

  • Conventional Septic

Listing and Financial Details

  • Legal Lot and Block 4 / 72
  • Tax Tract Number 2661
  • Assessor Parcel Number 0281151320000
  • $3,567 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 8 Units

Recreation

  • Bike Trail

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,070
  • Professional Management Expense $7,000
  • Trash Expense $4,261
  • Water Sewer Expense $4,261
  • Operating Expense $47,587
  • Gross Income $125,316
  • Net Operating Income $71,463

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

5

Listing Details

  • Professional Management Expense: 7000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4261.00
  • Property Type: Residential Income
  • Parcel Number: 0281151320000
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 154.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 25.00
  • Uncovered Spaces: 20.00

Utilities

  • Laundry: No
  • Sewer: Conventional Septic
  • Trash Expense: 4261.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 36590.40
  • Lot Size Acres: 0.8400

Multi Family

  • Gross Income: 125316.00
  • Gross Scheduled Income: 125316.00
  • Insurance Expense: 4070.00
  • Lot Size Area: 0.8400 Acres
  • Net Operating Income: 71463.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 47587.00
  • Rent Control: No
  • Total Expenses: 47587.00

Tax Info

  • Tax Block: 72
  • Tax Census Tract: 72.00
  • Tax Lot: 4
  • Tax Tract Number: 2661
  • TaxOtherAnnualAssessmentAmount: 3567.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $1,345,000 -3.9% $154 / Sq Ft
02/06/2022 02/06/22 Pending -- -- --
02/05/2022 02/05/22 For Sale $1,400,000 -- $161 / 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
2025 $17,806 $1,427,325 $212,242 $1,215,083
2024 $18,043 $1,399,338 $208,080 $1,191,258
2023 $16,596 $1,371,900 $204,000 $1,167,900
2022 $3,510 $277,487 $17,624 $259,863
2021 $3,567 $272,046 $17,278 $254,768
2020 $3,511 $269,257 $17,101 $252,156
2019 $3,417 $263,978 $16,766 $247,212
2018 $3,335 $258,802 $16,437 $242,365
2017 $3,304 $253,728 $16,115 $237,613
2016 $3,263 $248,753 $15,799 $232,954
2015 $3,092 $245,017 $15,562 $229,455
2014 $3,035 $240,217 $15,257 $224,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22023312

California Regional Multiple Listing Service (CRMLS)