NOT LISTED FOR SALE
5 Beds
4 Baths
27,644 Sq Ft
1.34 Acre Lot

Sale Details

Date Sold: March 25, 2016

Last sale price $2,500,000 $90 Per Sq Ft

136 Days on Market

Highlights

  • In Ground Pool
  • 1.34 Acre Lot
  • Garden

About This Home

As of March 2016

The Date Park Apartments are located at 1535 Date Street in the city of San Bernardino, California. Built in 1987, the subject property is situated on a 1.34 acre lot and has approximately 27,440 rentable square feet. This gated property consists of four, two-story buildings with a pitched composition roof. Each of the on-site units are all individually metered for gas and electricity, and have wall AC and/or Central AC. For the convenience of the tenants, the building offers a laundry facility, and a sparkling pool and spa. Finally, this property provides safety and peace of mind with its gated controlled access as well as advanced surveillance cameras throughout the apartment complex.

This is a value added investment opportunity. All income and expense data shown is Proforma. Contact listing agent for more details.

Last Agent to Sell the Property

John Stephens

KW COMMERCIAL License #01238307 Listed on: 09/13/2015

KW COMMERCIAL

Last Buyer's Agent

John Stephens

KW COMMERCIAL License #01238307 Listed on: 09/13/2015

KW COMMERCIAL
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 1.34 Acre Lot
  • Two or More Common Walls
  • Garden

Parking

  • 83 Parking Spaces

Home Design

  • 27,644 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for trash collection, water
  • Tax Lot 5
  • Tax Tract Number 62
  • Assessor Parcel Number 0272192090000

Community Details

Overview

  • 4 Buildings
  • 40 Units

Building Details

  • 40 Separate Electric Meters
  • 40 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $7,419
  • Trash Expense $14,016
  • Water Sewer Expense $14,016
  • New Taxes Expense $35,746
  • Gross Income $31,650
  • Net Operating Income $191,242

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

1.34 Acres

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 14016.00
  • Property Type: Residential Income
  • Parcel Number: 0272192090000
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 90.44

Exterior Features

  • Pool Features: Fenced, In Ground
  • Pool Private: Yes

Garage/Parking

  • Total Parking Spaces: 83.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 14016.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: Garden
  • Lot Size Sq Ft: 58370.00
  • Price Per Lot Square Foot: 42.83
  • Lot Size Acres: 1.3400

Rental Info

  • Tenant Pays: Trash Collection, Water

Multi Family

  • Gross Income: 31650.00
  • Gross Scheduled Income: 346320.00
  • Insurance Expense: 7419.00
  • Lot Size Area: 1.3400 Acres
  • Net Operating Income: 191242.00
  • Number Of Separate Electric Meters: 40
  • Number Of Separate Gas Meters: 40
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 40
  • Operating Expense: 155078.00
  • Other Expense Description: PROFORMA
  • Other Income Description: PROFORMA
  • Rent Control: No

Tax Info

  • New Taxes Expense: 35746.00
  • Tax Lot: 5
  • Tax Tract Number: 0062.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000,000
Outstanding Balance
$66,505,213
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2022
Sold by
Bought by

Purchase Details

Listed on
Sep 13, 2015
Closed on
Mar 16, 2016
Sold by
Bought by
Seller's Agent
John Stephens
KW COMMERCIAL
Buyer's Agent
John Stephens
KW COMMERCIAL
List Price
$2,650,000
Sold Price
$2,500,000
Premium/Discount to List
-$150,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,875,000
Interest Rate
3.65%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Old Republic Title
$7,500,000 Old Republic Title
$2,500,000 Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $70,000,000
Closed $70,000,000
Previous Owner $338,777
Previous Owner $3,094,000
Previous Owner $166,521
Previous Owner $438,468
Previous Owner $2,112,000
Previous Owner $250,000
Previous Owner $428,776
Previous Owner $566,573
Previous Owner $334,116
Previous Owner $1,875,000
Previous Owner $887,500
Previous Owner $550,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/25/2016 03/25/16 Sold $2,500,000 -5.7% $90 / Sq Ft
01/27/2016 01/27/16 Pending -- -- --
09/13/2015 09/13/15 For Sale $2,650,000 -- $96 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $99,009 $8,118,241 $1,623,648 $6,494,593
2025 $99,009 $7,959,060 $1,591,812 $6,367,248
2024 $96,989 $7,803,000 $1,560,600 $6,242,400
2023 $94,581 $7,650,000 $1,530,000 $6,120,000
2022 $35,392 $2,788,797 $334,655 $2,454,142
2021 $35,503 $2,734,115 $328,093 $2,406,022
2020 $35,642 $2,706,080 $324,729 $2,381,351
2019 $34,538 $2,653,020 $318,362 $2,334,658
2018 $34,129 $2,601,000 $312,120 $2,288,880
2017 $33,076 $2,550,000 $306,000 $2,244,000
2016 $26,229 $2,041,705 $266,640 $1,775,065
2015 $27,485 $2,011,037 $262,635 $1,748,402
2014 $26,595 $1,971,643 $257,490 $1,714,153
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15238089

California Regional Multiple Listing Service (CRMLS)
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