NOT LISTED FOR SALE
6 Beds
5 Baths
10,437 Sq Ft
0.5 Acres

Last Sold February 16, 2022

Last sale price $1,800,000 $172 Per Sq Ft

22 Days on Market

Highlights

  • 0.5 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Wall Furnace

About This Home

As of February 2022

Investors delight!! Front house is a large (1,400 square foot) 3 bedroom 2 bath with fireplace and detached 2 car garage. The 12 units are all located in the 2nd building, with 6 units on the main level and 6 units on the 2nd level. Each of the 1 bedroom/1 bath units are very large, averaging 750 square feet each. Vacancies are rare at this property, however when they have occurred, updating to the unit has coincided. Laundry room generates approximately $400 / month. 12 covered carports are each assigned to an apartment. This property has been managed very well and is located in a highly desirable area of San Bernardino. The units are much larger than other competing apartments in the area, this property will not last!!

Last Agent to Sell the Property

Guillermo Durell

Realty Source Inc. License #01732446 Listed on: 09/21/2021

Last Buyer's Agent

Maria Limas

PONCE & PONCE REALTY, INC License #02059030

PONCE & PONCE REALTY, INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.5 Acre Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 1 Car Garage
  • 12 Carport Spaces

Home Design

  • Apartment
  • Composition Roof

Interior Spaces

  • 10,437 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 7 / 63
  • Tax Tract Number 63
  • Assessor Parcel Number 0140221070000
  • $3,463 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 13 Units

Amenities

  • Laundry Facilities

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $724
  • Insurance Expense $5,500
  • Maintenance Expense $4,302
  • Pest Control $1,500
  • Trash Expense $2,174
  • Water Sewer Expense $4,348
  • New Taxes Expense $13,970
  • Operating Expense $34,640
  • Gross Income $147,180
  • Net Operating Income $110,769

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • CapRate: 6.51
  • Price Per Unit: 138462
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4348.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0140221070000
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 172.46

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 12.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 13.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 1500.00
  • Sewer: Public Sewer
  • Trash Expense: 2174.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 21900.00
  • Lot Size Acres: 0.5028

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average3 Bed Area: 1400 Square Feet
  • Electric Expense: 724.00
  • Gross Income: 147180.00
  • Gross Multiplier: 11.55
  • Gross Operating Income: 145410.00
  • Gross Scheduled Income: 147180.00
  • Insurance Expense: 5500.00
  • Laundry Income: 4800.00
  • Lot Size Area: 21900.0000 Square Feet
  • Maintenance Expense: 4302.00
  • Net Operating Income: 110769.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 13
  • Operating Expense: 34640.00
  • Rent Control: No
  • Total Expenses: 34640.00
  • Vacancy Allowance: 1770

Tax Info

  • New Taxes Expense: 13970.00
  • Tax Block: 63
  • Tax Census Tract: 58.00
  • Tax Lot: 7
  • Tax Tract Number: 63
  • TaxOtherAnnualAssessmentAmount: 3463.00

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
02/16/2022 02/16/22 Sold $1,800,000 0.0% $172 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
09/29/2021 09/29/21 Price Changed $1,800,000 +2.9% $172 / Sq Ft
09/29/2021 09/29/21 Price Changed $1,750,000 +2.9% $168 / Sq Ft
09/28/2021 09/28/21 For Sale $1,700,000 -5.6% $163 / Sq Ft
09/24/2021 09/24/21 Off Market $1,800,000 -- --
09/24/2021 09/24/21 For Sale $1,500,000 -16.7% $144 / Sq Ft
09/23/2021 09/23/21 Off Market $1,800,000 -- --
09/21/2021 09/21/21 For Sale $1,500,000 +47.1% $144 / Sq Ft
12/29/2017 12/29/17 Sold $1,020,000 -2.9% $98 / Sq Ft
12/15/2017 12/15/17 Pending -- -- --
11/21/2017 11/21/17 Price Changed $1,050,000 -4.5% $101 / Sq Ft
10/07/2017 10/07/17 For Sale $1,100,000 -- $105 / 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: DW21208717

California Regional Multiple Listing Service (CRMLS)