M
Seller's Agent in 2021
Mike Paris
Coldwell Banker Dynasty T.C.
1277 N Mountain View Ave San Bernardino, CA 92405
DMV Neighborhood
1
Bed
1
Bath
3,858
Sq Ft
10,481
Sq Ft Lot
Highlights
- No HOA
- Level Lot
- 1-Story Property
- Laundry Room
- Back and Front Yard
About This Home
As of August 2021Nice opportunity to own 8 income producing homes. Current GRM=12, Current CAP Rate=5.25: Possiable Pro-Forma GRM only 10.7! with a Possible Pro-Forma CAP Rate of 6.5%. The 8 homes have been well maintained with the seller recently investing approximately $40,000 for renovations, upgrades & plumbing. Each features one bedroom and one bath. The homes are set on a large 10481 SQFT. rectangular shaped lot that runs a full block from East to West. The homes share a court yard walkway running the length through the middle of the lot with each home having an additional side yard leisure area. The property is just one block North from Baseline Ave. providing an easy walk to all services and so many family style Restaurants. Directly across the street is Lincoln Elementary school with large grounds. A Central community laundry house is between one of the Northside homes. Nice size front and back yards, one on the Mountain View West side & also a good size and shady yard on the Genevieve St. side where the mailboxes are located. Each home has its own locking mailbox at the Genevieve St. entrance to the complex. Any and all cars are to be parked on the street. The property is professionally managed with a very good manager and has been the management over this property for many years. The Maintenance: "expense line item" is estimated due to Aprox. $40,000 being invested into the property by the sellers over the last 3 1/2 years. Thank you for considering this solid investment opportunity!
Last Agent to Sell the Property
Mike Paris
Coldwell Banker Dynasty T.C. License #01252384 Listed on: 08/09/2021
Last Buyer's Agent
Mike Paris
Coldwell Banker Dynasty T.C. License #01252384 Listed on: 08/09/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 10,481 Sq Ft Lot
- No Common Walls
- Level Lot
- Back and Front Yard
Parking
- On-Street Parking
Interior Spaces
- 3,858 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 3
- Assessor Parcel Number 0146222090000
Community Details
Overview
- No Home Owners Association
- 9 Buildings
- 8 Units
- Valley
Amenities
- Laundry Facilities
Building Details
- 8 Separate Electric Meters
- 9 Separate Gas Meters
- Electric Expense $852
- Fuel Expense $313
- Gardener Expense $1,140
- Insurance Expense $2,775
- Maintenance Expense $1,200
- Professional Management Expense $5,400
- Trash Expense $1,910
- Water Sewer Expense $3,341
- New Taxes Expense $9,690
- Operating Expense $25,642
- Gross Income $74,400
- Net Operating Income $48,758
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2021 08/26/21 | Sold | $885,000 | -1.6% | $229 / Sq Ft |
| 08/09/2021 08/09/21 | Pending | -- | -- | -- |
| 08/09/2021 08/09/21 | For Sale | $899,000 | +33.2% | $233 / Sq Ft |
| 01/31/2018 01/31/18 | Sold | $675,000 | -2.9% | $175 / Sq Ft |
| 12/07/2017 12/07/17 | Pending | -- | -- | -- |
| 09/21/2017 09/21/17 | For Sale | $695,000 | +90.9% | $180 / Sq Ft |
| 10/22/2012 10/22/12 | Sold | $364,000 | -9.0% | $94 / Sq Ft |
| 09/28/2012 09/28/12 | Pending | -- | -- | -- |
| 02/07/2012 02/07/12 | For Sale | $400,000 | -- | $104 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Ken Landis
Seller's Agent in 2018
Ken Landis
GAS STATION EXCHANGE CORP
(951) 204-1742
17 Total Sales
-
Michelle Chen
Buyer's Agent in 2018
Michelle Chen
Kingston Realty
(626) 445-6660
6 Total Sales
-
H
Seller's Agent in 2012
HELIODORO REBOLLEDO
GRAND AVENUE REALTY & LENDING
-
PATRICIA HICKS
Buyer's Agent in 2012
PATRICIA HICKS
PATRICIA HICKS, REALTOR
(909) 747-1716
24 Total Sales
-
Mark Edwards
Buyer Co-Listing Agent in 2012
Mark Edwards
PATRICIA HICKS, REALTOR
(909) 384-2686
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR21173059
APN: 0146-222-09
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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