NOT LISTED FOR SALE

1525 N Arrowhead Ave Unit 1 San Bernardino, CA 92405

DMV Neighborhood

Estimated Value: $601,000 - $727,000

5 Beds
3 Baths
2 Sq Ft
$333,262/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $610,000 $305,000 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,400/month

26 Days on Market

Highlights

  • Dual Staircase
  • Balcony
  • Laundry Room
  • No HOA
  • Double Pane Windows
  • Formal Entry

About This Home

As of October 2022

Welcome to this upgraded property which consist of 3 units. Two separated buildings; 1527 A (lower unit) 2bd 1bath laundry room (not sure if permitted)
new windows, new paint, spacious living room and dining room (nearly 1200 sq. ft)
1527 B (upper unit)have back and front entry stairs, new windows, fresh paint on all rooms. Bathroom was fully remodeled. Same sq footage of lower unit.
1525 is the 2nd building which has plenty space to add a 2nd bedroom. Bathroom was fully remodeled. It has separated gated front yard.
There's plenty storage in the three car garage, plus a brand new shed for extra space for storage (not permitted).
Plenty parking space for all tenants.

Last Agent to Sell the Property

Silvia Marin

Cristal Real Estate Group License #01794939 Listed on: 07/17/2022

Last Buyer's Agent

JOSE NEVAREZ

JENS REALTY License #01073713

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,902

Year Built

  • Built in 1939

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Triplex
  • Turnkey
  • Raised Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Sq Ft Home
  • Dual Staircase
  • Double Pane Windows
  • Blinds
  • Formal Entry
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Air
  • Floor Furnace
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Balcony
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 13 / 33
  • Assessor Parcel Number 0146131170000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,440
  • Insurance Expense $700
  • Pest Control $1,056
  • Water Sewer Expense $4,620
  • Operating Expense $7,116
  • Gross Income $38,904
  • Net Operating Income $38,904

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,902

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: 562-508-2597
  • Price Per Unit: 210000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 4620.00
  • Zoning: R-3
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 0146131170000
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony
  • Entry Location: Entry family room
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Room Type: Formal Entry
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property, Standard
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 1056.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 12750.00
  • Lot Size Acres: 0.2927

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 38904.00
  • Gross Scheduled Income: 46020.00
  • Insurance Expense: 700.00
  • Lot Size Area: 12750.0000 Square Feet
  • Net Operating Income: 38904.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Operating Expense: 7116.00
  • Rent Control: No
  • Total Actual Rent: 46020.00
  • Total Expenses: 7116.00

Tax Info

  • Tax Block: 33
  • Tax Census Tract: 55.02
  • Tax Lot: 13
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2024
Sold by
Bolanos Julio Rafael
Bought by
Escobar Jorge A and Bolanos Monica L
Total Days on Market
26
Current Estimated Value
$666,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,000
Outstanding Balance
$501,142
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$165,381

Purchase Details

Listed on
Jul 17, 2022
Closed on
Sep 29, 2022
Sold by
Martinez Maria L
Bought by
Escobar Jorge A and Bolanos Monica L
Seller's Agent
Silvia Marin
Cristal Real Estate Group
Buyer's Agent
JOSE NEVAREZ
JENS REALTY
List Price
$630,000
Sold Price
$610,000
Premium/Discount to List
-$20,000
-3.17%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.47%
Original Mortgage
$488,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2022
Sold by
Bolanos Vivian
Bought by
Bolanos Julio Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2020
Sold by
Ferguson Frank M and Ferguson Nohemi G
Bought by
Martinez Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,200
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2007
Sold by
Gridley Carl and Gridley Bernice
Bought by
Ferguson Frank M and Ferguson Nohemi G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,200
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2006
Sold by
Martinez Sara
Bought by
Gridley Carl and Gridley Bernice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 17, 2004
Sold by
Ruano Jesus and Sanchez Raul
Bought by
Martinez Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2004
Sold by
Ruano Silvia
Bought by
Ruano Jesus and Sanchez Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 1994
Sold by
Martinez Salvador and Martinez Maria Isabel
Bought by
Ruano Jesus and Ruano Silvia
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Escobar Jorge A -- Chicago Title
Osorio Julio Rafael Bolan -- Chicago Title
Escobar Jorge A $610,000 Chicago Title
Bolanos Julio Rafael -- Chicago Title
Martinez Maria L $474,000 Lawyers Title Company
Ferguson Frank M $484,000 First American Title Company
Gridley Carl $450,000 Ticor Title Co
Martinez Sara -- Priority Title Company
Martinez Sara $375,000 Priority Title Company
Ruano Jesus $60,000 Priority Title Company
Ruano Jesus -- Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escobar Jorge A $505,000
Previous Owner Escobar Jorge A $488,000
Previous Owner Martinez Maria L $382,000
Previous Owner Martinez Maria L $379,200
Previous Owner Ferguson Frank M $396,550
Previous Owner Ferguson Frank M $387,200
Previous Owner Gridley Carl $405,000
Previous Owner Martinez Sara $300,000
Closed Martinez Sara $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $610,000 -3.2% $305,000 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
07/17/2022 07/17/22 For Sale $630,000 -- $315,000 / 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 $7,902 $622,200 $122,400 $499,800
2023 $7,705 $610,000 $120,000 $490,000
2022 $6,341 $488,488 $123,668 $364,820
2021 $6,357 $478,910 $121,243 $357,667
2020 $5,288 $390,900 $113,300 $277,600
2019 $5,080 $379,500 $110,000 $269,500
2018 $4,668 $345,000 $100,000 $245,000
2017 $4,150 $309,200 $25,700 $283,500
2016 $3,654 $274,100 $22,800 $251,300
2015 $3,324 $251,200 $20,900 $230,300
2014 $3,060 $233,200 $19,400 $213,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22154694

California Regional Multiple Listing Service (CRMLS)

APN: 0146-131-17