NOT LISTED FOR SALE

4196 N 3rd Ave San Bernardino, CA 92407

Arrowhead Farms Neighborhood

Estimated Value: $500,641 - $804,000

5 Beds
4 Baths
2,016 Sq Ft
$331/Sq Ft Est. Value

Last Sold September 06, 2023

Last sale price $617,000 $306 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,151/month

72 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Central Heating and Cooling System
  • No HOA
  • Foothills
  • 1-Story Property

About This Home

As of September 2023

**approx 6% CAP Rate**. Rental income opportunity! This two-unit property is located on a spacious lot in a family-friendly neighborhood in the foothills of San Bernardino. This property features two units. The first unit is a large, 2 bedroom, 2 bathroom with an extra storage room at the back. The unit includes an updated kitchen, indoor laundry, and tile floors throughout. The second offers 3 bedrooms (one of which is a large master suite), 2 bathrooms, a newer kitchen, indoor laundry, and tile floors throughout. The extra-large, corner lot features plentiful paved parking and includes multiple storage sheds.

The property will be delivered vacant upon close OR the buyer has the option to keep the tenants. A great opportunity for a family searching for a comfortable home with the potential to generate extra income or an investor looking for a profitable rental property.

The property is located near freeways, schools, restaurants, and parks! Call today to schedule a showing - don't miss this opportunity!

Last Agent to Sell the Property

Allison West-Ferguson

RE/MAX ADVANTAGE License #01439577 Listed on: 05/01/2023

RE/MAX ADVANTAGE

Last Buyer's Agent

IVAN ANTHONY SOLIS

CENTRAL FINANCIAL AND REALTY License #01128055

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.25 Acre Lot
  • 1 Common Wall
  • Corner Lot

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 12
  • Assessor Parcel Number 0265161420000
  • $454 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Foothills

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $21,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: RM
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0265161420000
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 306.05

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 11010.00
  • Lot Size Acres: 0.2528

Multi Family

  • Gross Income: 21600.00
  • Gross Scheduled Income: 52800.00
  • Lot Size Area: 11010.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 1800.00

Tax Info

  • Tax Census Tract: 45.07
  • Tax Lot: 9
  • Tax Tract Number: 12
  • TaxOtherAnnualAssessmentAmount: 454.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Aug 11, 2023
Sold by
Solis Ivan A
Bought by
Villarruel Bertha
Seller's Agent
Allison West-Ferguson
RE/MAX ADVANTAGE
Buyer's Agent
IVAN ANTHONY SOLIS
CENTRAL FINANCIAL AND REALTY
List Price
$650,000
Sold Price
$617,000
Premium/Discount to List
-$33,000
-5.08%
Views
161
Current Estimated Value
$669,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,566
Avg. Annual Appreciation
3.51%
Original Mortgage
$493,600
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2023
Closed on
Jul 20, 2023
Sold by
Kardos Living Trust
Bought by
Villarruel Bertha
Seller's Agent
Allison West-Ferguson
RE/MAX ADVANTAGE
Buyer's Agent
IVAN ANTHONY SOLIS
CENTRAL FINANCIAL AND REALTY
List Price
$650,000
Sold Price
$617,000
Premium/Discount to List
-$33,000
-5.08%
Views
161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$493,600
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2020
Sold by
Kardos Lajos
Bought by
Kardos Jajos and Kardos Rios

Purchase Details

Closed on
May 13, 2009
Sold by
Us Bank National Association
Bought by
Kardos Lajos

Purchase Details

Closed on
Jul 16, 2008
Sold by
Reynoso Margarita
Bought by
Us Bank Na and Jp Morgan Chase Bank Na Wmc4

Purchase Details

Closed on
Aug 16, 2006
Sold by
Zuniga Norma
Bought by
Reynoso Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,600
Interest Rate
8.3%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 23, 2003
Sold by
Zuniga Rafael
Bought by
Zuniga Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 16, 2003
Sold by
Zoned For Kids Inc
Bought by
Zuniga Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2002
Sold by
Kids Zone
Bought by
Zoned For Kids Inc

Purchase Details

Closed on
Jul 22, 1994
Sold by
Aetna Finance Company
Bought by
Kids Zone

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
8.58%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Villarruel Bertha -- Chicago Title
Villarruel Bertha $617,000 Chicago Title
Kardos Jajos -- None Available
Kardos Lajos $85,000 Investors Title Company
Us Bank Na $224,000 Accommodation
Reynoso Margarita $447,000 United Title Company
Zuniga Norma -- First American
Zuniga Norma $150,000 First American
Zoned For Kids Inc -- Stewart Title Company
Kids Zone $85,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villarruel Bertha $493,600
Previous Owner Reynoso Margarita $357,600
Previous Owner Zuniga Norma $135,000
Previous Owner Kids Zone $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2023 09/06/23 Sold $617,000 -5.1% $306 / Sq Ft
07/12/2023 07/12/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $650,000 0.0% $322 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $650,000 -- $322 / 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 $7,847 $629,340 $188,700 $440,640
2024 $7,847 $617,000 $185,000 $432,000
2023 $1,486 $105,209 $18,567 $86,642
2022 $1,485 $103,146 $18,203 $84,943
2021 $1,485 $101,123 $17,846 $83,277
2020 $1,485 $100,086 $17,663 $82,423
2019 $1,445 $98,124 $17,317 $80,807
2018 $1,272 $96,200 $16,977 $79,223
2017 $1,233 $94,314 $16,644 $77,670
2016 $1,197 $92,465 $16,318 $76,147
2015 $1,219 $91,076 $16,073 $75,003
2014 $1,175 $89,292 $15,758 $73,534
Source: Public Records

Agents Affiliated with this Home

  • Allison West-Ferguson

    Seller's Agent in 2023

    Allison West-Ferguson

    RE/MAX

    (909) 556-6254

    1 in this area

    66 Total Sales

    Allison West-Ferguson
    Section Image

  • I

    Buyer's Agent in 2023

    IVAN ANTHONY SOLIS

    CENTRAL FINANCIAL AND REALTY

    (323) 725-0411

    1 in this area

    99 Total Sales

    IVAN ANTHONY SOLIS
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV23073898

California Regional Multiple Listing Service (CRMLS)

APN: 0265-161-42

California San Bernardino County San Bernardino 92407 Arrowhead Farms

4196 N 3rd Ave, San Bernardino, CA

Not Listed for Sale

MultiFamily

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