VM
Victoria Murillo
OLIVEWOOD REALTY GROUP INC
(951) 470-2156
46 Total Sales
1 in Warm Springs
$381,000 Price
25588 9th St San Bernardino, CA 92410
Warm Springs Neighborhood
10
Beds
7
Baths
6,450
Sq Ft
0.52
Acre Lot
Highlights
- 0.52 Acre Lot
- Community Pool
- 1-Story Property
About This Home
As of January 2021INVESTMENT HIGHLIGHTS:
Offering Actual CAP rate of 6.01% with a Proforma CAP rate of 6.82%.
Offering an Actual GRM rate of 8.76 with a Proforma GRM rate of 8.17.
2 Units (Duplex) new construction being built in 2020, in addition (2) other units completely renovated including new roof.
Located near employment, shopping and schools.
Multi-use with available retail frontages. Ideal for for owner/user or leasing out vacant space to increase income.
The 9th Street Apartments are located between the major cross streets of Del Rosa & Sterling Ave. This 6-unit complex sits on 0.52 acres and is composed of; (1) 1 Bedroom 1 Bath, (2) 2 Bedroom 1 Bath, (1) 3 Bedroom 1 Bath, (1) 4 Bedroom 2 Bath (SFR), and (1) 1,800 Sqft. Retail building in front of the property. The owner recently built a duplex and completely renovated 2 additional units. The tenants have access to a community pool and onsite parking. This centralized location provides easy access to schools, major employers such as San Manuel Indian Casino, Amazon Distribution Centers, and San Bernardino International Airport. This apartment community has been well maintained throughout ownership. Scheduled maintenance, quality updates and improvements have always been a priority for the owner. The repairs of the property have been done as necessary, on time, and without deferred maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 22,651 Sq Ft Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
- 0278131170000
Home Design
- Property Attached
Interior Spaces
- 6,450 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Bathrooms
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Parking Available
- Driveway
Additional Features
- Fence Around Pool
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 12 / 51
- Assessor Parcel Number 0278131180000
Community Details
Overview
- 3 Buildings
- 6 Units
Recreation
- Community Pool
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $2,400
- Fuel Expense $2,400
- Gardener Expense $600
- Insurance Expense $2,900
- Maintenance Expense $4,548
- Other Expense $1,200
- Pool Expense $600
- Professional Management Expense $4,890
- Supplies Expense $600
- Trash Expense $2,400
- Water Sewer Expense $2,400
- New Taxes Expense $10,352
- Operating Expense $36,490
- Gross Income $97,800
- Net Operating Income $54,464
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
Listed on
Nov 9, 2020
Closed on
Jan 14, 2021
Sold by
1Nc Seaboard
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Albert Le
LE INVESTMENT GROUP
List Price
$799,000
Sold Price
$715,000
Premium/Discount to List
-$84,000
-10.51%
Purchase Details
Closed on
Apr 30, 2019
Sold by
Wilson Robin and The Hohensee Revocable Trust
Bought by
Seaboard Inc
Purchase Details
Closed on
Apr 7, 2006
Sold by
Hohensee Linda J
Bought by
Hohensee John Paul and Hohensee Linda Joanne
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Warm Springs, CA
-
Victoria Murillo
-
Alejandro Martinez Cansino
Alejandro Martinez Cansino
Only 1 Realty Group North Dallas
(626) 889-6524
87 Total Sales
1 in Warm Springs
$400,000 Price
-
Celina Barillas
Celina Barillas
Century 21 A Better Service
(424) 403-2116
20 Total Sales
1 in Warm Springs
$445,000 Price
-
Teresa Andrade
Teresa Andrade
Elizabeth E. Rivera, Broker
(657) 325-7487
68 Total Sales
1 in Warm Springs
$95,000 Price
-
Marta Liceaga
Marta Liceaga
Enstone Investments Inc
(747) 255-6032
161 Total Sales
1 in Warm Springs
$50,000 Price
-
CHRIS CAMARENA
CHRIS CAMARENA
Fiv Realty Co
(951) 482-7254
13 Total Sales
2 in Warm Springs
$335,000 Price Range
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 |
|---|---|---|---|
| $715,000 | First American Title | ||
| Seaboard Inc | $120,000 | First American Title Ins Co | |
| Hohensee John Paul | -- | None Available |
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 |
|---|---|---|---|
| Previous Owner | $65,000 |
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 |
|---|---|---|---|---|
| 01/19/2021 01/19/21 | Sold | $715,000 | -10.5% | $111 / Sq Ft |
| 01/12/2021 01/12/21 | Pending | -- | -- | -- |
| 11/09/2020 11/09/20 | For Sale | $799,000 | -- | $124 / 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 | $7,418 | $600,751 | $248,960 | $351,791 |
| 2025 | $7,418 | $588,971 | $244,078 | $344,893 |
| 2024 | $7,269 | $577,422 | $239,292 | $338,130 |
| 2023 | $7,091 | $566,100 | $234,600 | $331,500 |
| 2022 | $3,905 | $300,900 | $96,900 | $204,000 |
| 2021 | $1,672 | $121,243 | $75,777 | $45,466 |
| 2020 | $1,679 | $120,000 | $75,000 | $45,000 |
| 2019 | $4,804 | $362,622 | $93,106 | $269,516 |
| 2018 | $4,748 | $355,511 | $91,280 | $264,231 |
| 2017 | $4,414 | $333,800 | $108,400 | $225,400 |
| 2016 | $3,884 | $295,900 | $96,100 | $199,800 |
| 2015 | $3,688 | $271,200 | $88,100 | $183,100 |
| 2014 | $3,250 | $240,000 | $78,000 | $162,000 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Le
Seller's Agent in 2021
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV20236249
APN: 0278-131-18
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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