NOT LISTED FOR SALE

1525 E Lynwood Dr San Bernardino, CA 92404

Northeast Sterling Neighborhood
3 Beds
3 Baths
14,973 Sq Ft
0.25 Acres

Last Sold November 19, 2015

Last sale price $2,055,000 $137 Per Sq Ft

39 Days on Market

About This Home

As of November 2015

INVESTMENT HIGHLIGHTS: Competitive Offering Actual CAP Rate of 6.24 %, Competitive Offering Actual GRM of 9.20, $13,000 Per Unit of Capital
Improvements, Non-Rent Control Community & Area, The Apartment is 96 % Occupied & Rental Comparables Illustrate a 96 % Occupancy Area, New Roof & Updated Copper Plumbing Throughout, Pride Of Ownership, Absolute Turn Key Financeable Asset. The Copper Canyon Apartments is situated on a 11,000 Sq. Ft. Lot. This twenty five unit apartment community is composed of 17 one bedroom / one bathroom units and 8 two
bedroom / two bathroom units. The property has underwent recent improvements such as:A New Roof With 30 Year Warranty, Updated Copper Plumbing Throughout, All New Double Pane Vinyl Windows Throughout, Top of the Line Surveillance System, New Security Doors on All Units, New Exterior Paint, Building & Surrounding Fences, Pool was Re-plastered With All New Filtration System to Code, Heightened Security Gates, New Laundry Room With $3,000 Annual Income, New Playground Area & Landscaping. The unit improvements include: $13,000+ Renovation / Per unit, New Interior Paint, New Lamanite Flooring Throughout, New Kitchen Cabinets With Granite Countertops Throughout, Tiled Backsplashes, New Appliances, & New Bathroom Cabinets.

Last Agent to Sell the Property

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 08/18/2015

Last Buyer's Agent

Ami Endo

IRN Realty License #00961054

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 14,973 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 70 Parking Spaces
  • 25 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Private Pool
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 5
  • Tax Tract Number 7034
  • Assessor Parcel Number 0155161170000

Community Details

Overview

  • 2 Buildings
  • 25 Units

Recreation

  • Community Pool

Building Details

  • 25 Separate Electric Meters
  • 25 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,248
  • Insurance Expense $4,082
  • Professional Management Expense $11,631
  • Trash Expense $4,981
  • Water Sewer Expense $7,949
  • New Taxes Expense $25,800
  • Gross Income $20,405
  • Net Operating Income $142,473

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • CapRate: 6.63
  • Professional Management Expense: 11631.00
  • Property Attached: Yes
  • Water Sewer Expenses: 7949.00
  • Property Type: Residential Income
  • Parcel Number: 0155161170000
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 137.25

Exterior Features

  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 25.00
  • Parking: Yes
  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 70.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 4981.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights, Storm Drains

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 11000.00
  • Price Per Lot Square Foot: 186.82
  • Lot Size Acres: 0.2530

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 5248.00
  • Gross Income: 20405.00
  • Gross Multiplier: 8.89
  • Gross Scheduled Income: 244861.00
  • Insurance Expense: 4082.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 11000.0000 Square Feet
  • Net Operating Income: 142473.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 25
  • Operating Expense: 90145.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 25800.00
  • Tax Lot: 5
  • Tax Tract Number: 7034

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
11/19/2015 11/19/15 Sold $2,055,000 -4.4% $137 / Sq Ft
09/26/2015 09/26/15 Pending -- -- --
08/18/2015 08/18/15 For Sale $2,150,000 -- $144 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Albert Le

    Seller's Agent in 2015

    Albert Le

    LE INVESTMENT GROUP

    (909) 256-7889

    26 Total Sales

    Section Image

  • A

    Buyer's Agent in 2015

    Ami Endo

    IRN Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15182453

California Regional Multiple Listing Service (CRMLS)

California San Bernardino County San Bernardino 92404 Northeast Sterling

1525 E Lynwood Dr, San Bernardino, CA

This home is located at 1525 E Lynwood Dr, San Bernardino, CA 92404 since 18 August 2015. This property was built in 1984. 1525 E Lynwood Dr 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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