NOT LISTED FOR SALE
3 Beds
2 Baths
4,940 Sq Ft
9,925 Sq Ft Lot

Last Sold April 11, 2018

Last sale price $800,000 $162 Per Sq Ft

51 Days on Market

Highlights

  • Gated Community
  • Wooded Lot
  • Granite Countertops
  • Mountain View
  • High Ceiling
  • Private Yard

About This Home

As of April 2018

Lucrative Investment Opportunity. Exceptionally maintained 8 unit apartment homes in the foothills of North-End San Bernardino, generating excellent cash flow. Close to schools including California State University San Bernardino. Property was recently renovated inside and out. Renovations include new dual-pane windows, new granite counters, carpet, paint, tile, landscaping, appliances, light & fan fixtures, and more. Gated community equipped with front and back entrance. Appealing exteriors with walkways alongside green grass, gardens, and fruit trees. Enclosed coin-operated laundry room with newer appliances. Separate gas and electric meters on each unit.

Last Agent to Sell the Property

Sara El Awar

REALTY ONE GROUP WEST - HB License #01826956 Listed on: 02/18/2018

REALTY ONE GROUP WEST - HB

Last Buyer's Agent

Marc Desbans

Marc Desbans, Broker License #01259510

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 9,925 Sq Ft Lot
  • Two or More Common Walls
  • Security Fence
  • Wrought Iron Fence
  • Block Wall Fence
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinklers on Timer
  • Wooded Lot
  • Private Yard
  • Garden
  • Front Yard
  • Density is 6-10 Units/Acre

Property Views

  • Mountain
  • Hills

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Interior Block Wall

Interior Spaces

  • 4,940 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Sliding Doors
  • Entryway
  • Living Room
  • Center Hall
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Detached Carport Space
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 1733
  • Assessor Parcel Number 0152061210000

Community Details

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $613
  • Fuel Expense $107
  • Gardener Expense $2,742
  • Insurance Expense $3,552
  • Maintenance Expense $1,043
  • Professional Management Expense $4,200
  • Trash Expense $1,428
  • Water Sewer Expense $2,395
  • New Taxes Expense $7,360
  • Operating Expense $23,440
  • Gross Income $84,600
  • Net Operating Income $61,160

Additional Features

  • 8 Units
  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1960 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 7.60
  • Inclusions: Coin operated laundry appliances, ranges
  • Professional Management Expense: 4200.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2395.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 2742.00
  • Parcel Number: 0152061210000
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Beamed Ceilings, Block Walls, Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Balcony, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 161.94
  • Room Type: Center Hall, Entry, Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Exterior Features: Lighting
  • View: Hills, Mountain(s)
  • Fence: Yes
  • Fencing: Block, Security, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Carport, Detached Carport

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Cooktop, Vented Exhaust Fan, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1428.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Front Yard, Garden, Landscaped, Level with Street, Rectangular Lot, Level, Paved, Sprinkler System, Sprinklers Timer, Treed Lot, Yard
  • Lot Size Sq Ft: 9925.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 613.00
  • Fuel Expense: 107.00
  • Gross Income: 84600.00
  • Gross Operating Income: 84600.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 3552.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Maintenance Expense: 1043.00
  • Net Operating Income: 61160.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Disposal: 8
  • Operating Expense: 23440.00
  • Rent Control: No
  • Total Actual Rent: 84000.00
  • Total Expenses: 23440.00

Tax Info

  • New Taxes Expense: 7360.00
  • Tax Census Tract: 51.00
  • Tax Lot: 10
  • Tax Tract Number: 1733

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 List to Sale Price per Sq Ft
04/11/2018 04/11/18 Sold $800,000 0.0% $162 / Sq Ft
04/10/2018 04/10/18 Pending -- -- --
03/03/2018 03/03/18 Off Market $800,000 -- --
03/03/2018 03/03/18 For Sale $800,000 0.0% $162 / Sq Ft
03/02/2018 03/02/18 Off Market $800,000 -- --
02/24/2018 02/24/18 Pending -- -- --
02/18/2018 02/18/18 For Sale $800,000 -- $162 / 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: IV18038254

California Regional Multiple Listing Service (CRMLS)

APN: 0152-061-21