NOT LISTED FOR SALE

17771 Marygold Ave Bloomington, CA 92316

Estimated Value: $446,000 - $804,628

9 Beds
5 Baths
1,097 Sq Ft
$583/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $2,725,000 $2,484 Per Sq Ft

Current estimated payment $3,993/month

10 Days on Market

Highlights

  • 6.15 Acre Lot
  • Laundry Room
  • Rectangular Lot
  • No HOA
  • Foothills
  • 4-minute walk to Ayala Park

About This Home

As of March 2021

CBRE is pleased to present the opportunity to acquire 13 Residential units and adjacent land in beautiful Bloomington California. This rare opportunity offers investors the ability to purchase a portfolio of single family residences that are all located on two main streets: Marygold Ave and Alder Ave. These assets also include ±3.5 acres of surplus land for development or other uses. Each of the units are currently occupied, producing an excellent cashflow. The properties have been well maintained with several of the units receiving recent renovations. Additional upgrades to the units would allow investors to raise rents and significantly increase the overall cashflow.

This portfolio includes the following addresses:
17771, 17789, 17795, 17747, 17713 Marygold Ave and 9945 Alder Ave Bloomington, CA.

Please reach out for Offering Memorandum

Last Agent to Sell the Property

Nicholas Mercurio

CB RICHARD ELLIS Listed on: 02/12/2021

Last Buyer's Agent

Nicholas Mercurio

CB RICHARD ELLIS Listed on: 02/12/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,549

Year Built

  • Built in 1940

Lot Details

  • 6.15 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • Density is 2-5 Units/Acre
  • 25205162, 25205160, 25205124, 25205125, 25205126

Parking

  • 6 Car Garage

Home Design

  • 1,097 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 252 / 051
  • Tax Tract Number 24
  • Assessor Parcel Number 0252051240000

Community Details

Overview

  • No Home Owners Association
  • 12 Buildings
  • 13 Units
  • Foothills
  • Mountainous Community

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 9 Separate Water Meters
  • Electric Expense $4,560
  • Fuel Expense $2,106
  • Insurance Expense $6,521
  • Trash Expense $1,675
  • Water Sewer Expense $5,123
  • New Taxes Expense $31,500
  • Operating Expense $65,506
  • Gross Income $176,040
  • Net Operating Income $105,253

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,549

Year Built

Built in 1940

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 5123.00
  • Property Type: Residential Income
  • Parcel Number: 0252051240000
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 2484.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1675.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Mountainous

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 25205162, 25205160, 25205124, 25205125, 25205126
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Rectangular Lot
  • Lot Size Sq Ft: 267894.00
  • Lot Size Acres: 6.1500
  • Latitude Manual: 34.07363600

Multi Family

  • Electric Expense: 4560.00
  • Fuel Expense: 2106.00
  • Gross Income: 176040.00
  • Gross Operating Income: 170759.00
  • Gross Scheduled Income: 176040.00
  • Insurance Expense: 6521.00
  • Lot Size Area: 6.1500 Acres
  • Net Operating Income: 105253.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 9
  • Number Of Units Total: 13
  • Operating Expense: 65506.00
  • Rent Control: No
  • Total Expenses: 65506.00

Tax Info

  • New Taxes Expense: 31500.00
  • Tax Block: 051
  • Tax Lot: 252
  • Tax Tract Number: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2024
Sold by
Spssm Investments Iii Lp
Bought by
Mlmzg 14 Lp
Current Estimated Value
$639,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,000,000
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 12, 2021
Closed on
Feb 25, 2021
Sold by
Nevins Richard and Modic Family Trust
Bought by
Golden Opportunity No 14 Lp
Seller's Agent
Nicholas Mercurio
CB RICHARD ELLIS
Buyer's Agent
Nicholas Mercurio
CB RICHARD ELLIS
List Price
$2,900,000
Sold Price
$2,725,000
Premium/Discount to List
-$175,000
-6.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-26.78%
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
Mlmzg 14 Lp -- Chicago Title
Golden Opportunity No 14 Lp $2,725,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mlmzg 14 Lp $11,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2021 03/22/21 Sold $2,725,000 -6.0% $2,484 / Sq Ft
03/11/2021 03/11/21 For Sale $2,900,000 0.0% $2,644 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $2,900,000 -- $2,644 / 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 $7,549 $622,398 $470,858 $151,540
2024 $7,549 $610,194 $461,625 $148,569
2023 $7,564 $598,230 $452,574 $145,656
2022 $7,454 $586,500 $443,700 $142,800
2021 $1,884 $132,466 $117,745 $14,721
2020 $2,679 $131,108 $116,538 $14,570
2019 $1,840 $128,537 $114,253 $14,284
2018 $1,655 $126,017 $112,013 $14,004
2017 $1,597 $123,546 $109,817 $13,729
2016 $1,637 $121,124 $107,664 $13,460
2015 $1,585 $119,305 $106,047 $13,258
2014 $1,525 $116,968 $103,970 $12,998
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Nicholas Mercurio

    CB RICHARD ELLIS

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21030110

California Regional Multiple Listing Service (CRMLS)

APN: 0252-051-24

California San Bernardino County Bloomington 92316

17771 Marygold Ave, Bloomington, CA

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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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