NOT LISTED FOR SALE

1447 Pumalo St San Bernardino, CA 92404

Northeast Sterling Neighborhood
22 Beds
12 Baths
10,370 Sq Ft
0.36 Acres

Last Sold October 27, 2016

Last sale price $1,080,000 $104 Per Sq Ft

30 Days on Market

Highlights

  • Property is near public transit
  • Tile Flooring
  • Central Heating
  • Laundry Room

About This Home

As of October 2016

Excellent Gated Apartment Building Built in 1986 with a Huge
Lot. Owner has rehabbed most of the units. This is a great opportunity for an investor looking for a stable return and upside cash flow potential. This property has a great unit mix of 10 (2BD/1BA Units) + 2 (3BD/2BA Units) + Laundry Room and Separate Manager’s Office. Very Low Deferred Maintenance. 12 Parking Spaces. Separate Gas and Electric Meters. Professional Management Company in place.
Please Drive By ONLY.

Excellent Location N/Highland and close to 210 FWY.

Last Agent to Sell the Property

Erika Shinzato

RE/Max Time License #01453324 Listed on: 08/02/2016

RE/Max Time

Last Buyer's Agent

Erika Shinzato

RE/Max Time License #01453324 Listed on: 08/02/2016

RE/Max Time

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.36 Acre Lot
  • No Common Walls
  • 0272291300000,0272291420000
  • Value in Land

Home Design

  • 10,370 Sq Ft Home

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 12 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Property is near public transit
  • Central Heating

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 0272291290000

Community Details

Overview

  • 3 Buildings
  • 81 Units

Amenities

  • Laundry Facilities

Building Details

  • 11 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,348
  • Professional Management Expense $5,490
  • Trash Expense $2,716
  • Water Sewer Expense $4,661
  • New Taxes Expense $16,750
  • Gross Income $9,150
  • Net Operating Income $70,581

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.65
  • Professional Management Expense: 5490.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 4661.00
  • Property Type: Residential Income
  • Parcel Number: 0272291290000
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 104.15

Exterior Features

  • Pool Private: No
  • Spa: No

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Trash Expense: 2716.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 0272291300000,0272291420000
  • Land Lease: No
  • Lot Features: Value In Land, Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 15500.00
  • Price Per Lot Square Foot: 80.65

Multi Family

  • Gross Income: 9150.00
  • Gross Scheduled Income: 109800.00
  • Insurance Expense: 3348.00
  • Net Operating Income: 70581.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 11
  • Number Of Units Total: 81
  • Operating Expense: 33729.00
  • Operating Expense Percent: 31.00
  • Rent Control: No
  • Total Actual Rent: 9125.00
  • Vacancy Allowance: 5490
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 16750.00
  • Tax Lot: 4

Range of Values:

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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
10/27/2016 10/27/16 Sold $1,080,000 -13.6% $104 / Sq Ft
08/02/2016 08/02/16 For Sale $1,250,000 -- $121 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Erika Shinzato

    Seller's Agent in 2016

    Erika Shinzato

    RE/Max Time

    (323) 314-3998

    121 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16169288

California Regional Multiple Listing Service (CRMLS)

California San Bernardino County San Bernardino 92404 Northeast Sterling

1447 Pumalo St, San Bernardino, CA

This home is located at 1447 Pumalo St, San Bernardino, CA 92404 since 02 August 2016. This property was built in 1986. 1447 Pumalo St is a home located in San Bernardino County with nearby schools including Jefferson Hunt Elementary School, Del Vallejo Middle School, and Pacific High School.

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California Regional Multiple Listing Service (CRMLS) 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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