NOT LISTED FOR SALE
1 Bed
1 Bath
4,554 Sq Ft
0.35 Acres

Last Sold March 28, 2019

Last sale price $870,000 $191 Per Sq Ft

15 Days on Market

Highlights

  • No Units Above
  • Corner Lot
  • Laundry Room
  • 0.35 Acre Lot
  • Private Yard
  • 6 Detached Carport Spaces

About This Home

As of March 2019

Great Investment Opportunity! 8 units in dense rental area of San Bernardino. Easy access to bus, shopping, and banks. All units are separately metered for gas and electricity. Most units have either remodeled kitchen or bath. Many units have laundry hook ups and the 2 units on 21st St have private garages. All others have carport parking. Newer energy efficient windows throughout. Easy access to 210 and 215 freeways. Close to Cal State San Bernardino and growing number of businesses providing job opportunities in San Bernardino area. Considerable upside in rent potential.

Last Agent to Sell the Property

Susan Howlett

Pacific Coast Investment License #00688489 Listed on: 02/22/2019

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.35 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Corner Lot
  • Front and Side Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • 6 Detached Carport Spaces
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 4,554 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 6,7
  • Assessor Parcel Number 0146014270000

Community Details

Overview

  • 3 Buildings
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Gardener Expense $2,100
  • Insurance Expense $2,500
  • Pest Control $1,488
  • Professional Management Expense $4,200
  • Trash Expense $1,440
  • Water Sewer Expense $3,300
  • New Taxes Expense $11,571
  • Operating Expense $27,199
  • Gross Income $81,000
  • Net Operating Income $50,065

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 4200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3300.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 0146014270000
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 191.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 1488.00
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Sprinklers In Front, Sprinklers On Side, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 15180.00
  • Lot Size Acres: 0.3485

Multi Family

  • Gross Income: 81000.00
  • Gross Operating Income: 77264.00
  • Gross Scheduled Income: 78840.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 15180.0000 Square Feet
  • Net Operating Income: 50065.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 27199.00
  • Rent Control: No
  • Total Expenses: 27199.00
  • Vacancy Allowance: 1576
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 11571.00
  • Tax Census Tract: 54.00
  • Tax Lot: 6,7

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
03/28/2019 03/28/19 Sold $870,000 0.0% $191 / Sq Ft
03/09/2019 03/09/19 Pending -- -- --
02/22/2019 02/22/19 For Sale $870,000 -- $191 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR19034998

California Regional Multiple Listing Service (CRMLS)