NOT LISTED FOR SALE

1543 N Mountain View Ave San Bernardino, CA 92405

DMV Neighborhood

Estimated Value: $546,000 - $640,000

3 Beds
2 Baths
2,184 Sq Ft
$268/Sq Ft Est. Value

Last Sold August 02, 2018

Last sale price $320,000 $147 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $3,566/month

20 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Front Yard
  • Cooling System Powered By Gas
  • 3 Car Garage

About This Home

As of August 2018

Great triplex with nice consistent income, low vacancy, and built in equity. Two 1 bedroom units, one 2 bedroom unit. Needs some work in one of the units but most prior problems and repairs the property needed have been addressed and it should be able to qualify for FHA financing as well as conventional financing. Has good curb appeal and is priced to benefit all parties with a quick sale. Property has 3 garages as well as room to park in the driveway and there is also street parking. 3 separate meters for gas and electric utilities as tenants pay for their own. Seller is motivated and will consider all reasonable offers. Seller expects multiple offers as this is priced very well and recent interest.

Last Agent to Sell the Property

Shannon Lopez

Sweet Dream Realty License #01271789 Listed on: 05/08/2018

Last Buyer's Agent

Ives Lopez

Apartment Investing Realty, Inc. License #01232368

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,524

Year Built

  • Built in 1947

Lot Details

  • 7,535 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Triplex

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Assessor Parcel Number 0146133400000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,125
  • Insurance Expense $1,200
  • Maintenance Expense $2,400
  • Trash Expense $600
  • Water Sewer Expense $3,000
  • Operating Expense $9,585
  • Gross Income $24,000
  • Net Operating Income $14,415

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,524

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 0146133400000
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 146.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Gas
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7535.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 675 Square Feet
  • Average2 Bed Area: 834 Square Feet
  • Electric Expense: 1125.00
  • Gross Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1200.00
  • Maintenance Expense: 2400.00
  • Net Operating Income: 14415.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 9585.00
  • Rent Control: No
  • Total Actual Rent: 2000.00
  • Total Expenses: 9585.00

Tax Info

  • Tax Census Tract: 55.00
  • Tax Lot: 7
  • Tax Tract Number: CL1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2018
Closed on
Jul 31, 2018
Sold by
Fair John D
Bought by
Roe Kamel F and Kamal F Roe Trust
Seller's Agent
Shannon Lopez
Sweet Dream Realty
Buyer's Agent
Ives Lopez
Apartment Investing Realty, Inc.
List Price
$315,000
Sold Price
$320,000
Premium/Discount to List
$5,000
1.59%
Current Estimated Value
$585,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,333
Avg. Annual Appreciation
9.03%
Original Mortgage
$304,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 8, 2018
Closed on
Jun 5, 2018
Sold by
Roe Karmel F
Bought by
Contreras Belinda
Seller's Agent
Shannon Lopez
Sweet Dream Realty
Buyer's Agent
Ives Lopez
Apartment Investing Realty, Inc.
List Price
$315,000
Sold Price
$320,000
Premium/Discount to List
$5,000
1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2015
Sold by
Fair John D
Bought by
Roe Karmel F and Karmel F Roe Trust

Purchase Details

Closed on
Aug 18, 2015
Sold by
Roe Karmel F
Bought by
Fair John D

Purchase Details

Closed on
Aug 13, 2003
Sold by
Fair Georgia M
Bought by
Fair John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,104
Interest Rate
5.29%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 8, 2003
Sold by
Roe Karmel Frances and Fair John D
Bought by
Roe Karmel F and Karmel F Roe Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,104
Interest Rate
5.29%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 1999
Sold by
Roe Karmel Frances and Fair John D
Bought by
Roe Karmel F and Karmel F Roe Trust

Purchase Details

Closed on
Jan 13, 1999
Sold by
Fair Georgia M
Bought by
Fair John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,652
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 6, 1999
Sold by
Roe James
Bought by
Roe Frances and Fair John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,652
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 3, 1996
Sold by
Roe James and Roe Kandy
Bought by
Roe James

Purchase Details

Closed on
Feb 9, 1996
Sold by
Warner Susanna A and Warner Diana E
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Roe Kamel F -- First American Title
Contreras Belinda $320,000 First American Title Company
Roe Karmel F -- None Available
Fair John D -- None Available
Fair John D -- First American
Roe Karmel F -- --
Roe Karmel Frances -- First American
Roe Karmel F -- --
Fair John D -- First American Title Ins Co
Roe Frances $127,500 First American Title Ins Co
Roe James -- --
Home Svgs Of America Fsb $72,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Belinda $405,000
Previous Owner Contreras Belinda $304,000
Previous Owner Roe Karmel Frances $119,104
Previous Owner Roe Frances $126,652
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2018 08/02/18 Sold $320,000 +1.6% $147 / Sq Ft
05/28/2018 05/28/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $315,000 -- $144 / 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
2025 $4,524 $356,966 $94,819 $262,147
2024 $4,524 $349,967 $92,960 $257,007
2023 $4,411 $343,105 $91,137 $251,968
2022 $4,420 $336,377 $89,350 $247,027
2021 $4,429 $329,781 $87,598 $242,183
2020 $4,442 $326,400 $86,700 $239,700
2019 $4,309 $320,000 $85,000 $235,000
2018 $3,268 $198,575 $37,571 $161,004
2017 $2,992 $194,681 $36,834 $157,847
2016 $2,591 $190,864 $36,112 $154,752
2015 $4,111 $177,458 $21,678 $155,780
2014 $2,715 $173,981 $21,253 $152,728
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18107981

California Regional Multiple Listing Service (CRMLS)

APN: 0146-133-40