NOT LISTED FOR SALE

4202 Sepulveda Ave San Bernardino, CA 92404

Wildwood Park Neighborhood
3 Beds
2 Baths
31,456 Sq Ft
0.95 Acres

Last Sold October 26, 2015

Last sale price $2,300,000 $73 Per Sq Ft

106 Days on Market

Highlights

  • In Ground Pool
  • 0.95 Acre Lot
  • No HOA

About This Home

As of October 2015

The Monterey Court Apartments, a 38-unit, three story complex built in 1960. The building is situated on a large parcel
totaling just under an acre and provides a pool and gated carport parking. The property boasts a desirable unit mix of 17
one-bedroom/one-bathroom units at 705 square feet, 21 two-bedroom/one-bathroom units at 835 square feet. Each unit
offers central heating and air-conditioning, granite or tile counter tops in the kitchens and ample storage.
This property is located in the city of San Bernardino, which has a population of 213,000 residents and spans almost 60
square miles is nestled in the foothills of the San Bernardino mountains.The subject is located northwest area of San Bernardino near Waterman Avenue. Surrounded by multi-residential and single family homes, it is close to the 210 & 30 Freeways, which connects Interstate 215 to the west.

Last Agent to Sell the Property

Jonathan Mitchell

Kidder Mathews of California, Inc License #01227852 Listed on: 07/12/2015

Last Buyer's Agent

Jonathan Mitchell

Kidder Mathews of California, Inc License #01227852 Listed on: 07/12/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.95 Acre Lot
  • Two or More Common Walls
  • Density is 31-35 Units/Acre

Parking

  • 58 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 31,456 Sq Ft Home
  • 3-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance
  • Tax Lot 0154
  • Tax Tract Number 154
  • Assessor Parcel Number 0154222230000

Community Details

Overview

  • No Home Owners Association
  • 38 Units

Building Details

  • 32 Leased Units
  • 38 Separate Electric Meters
  • 38 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $9,850
  • Professional Management Expense $15,907
  • Trash Expense $9,521
  • Water Sewer Expense $9,850
  • New Taxes Expense $31,812
  • Gross Income $28,346
  • Net Operating Income $126,756

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

58

Listing Details

  • CapRate: 5.34
  • Price Per Unit: 62500
  • Professional Management Expense: 15907.00
  • Property Attached: Yes
  • Water Sewer Expenses: 9850.00
  • Property Type: Residential Income
  • Parcel Number: 0154222230000
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 73.12

Exterior Features

  • Pool Features: In Ground
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 58.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 120.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 9521.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 31-35 Units/Acre
  • Lot Size Sq Ft: 41525.00
  • Price Per Lot Square Foot: 55.39
  • Lot Size Acres: 0.9530

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance

Multi Family

  • Average1 Bed Area: 704
  • Average2 Bed Area: 928
  • Gross Income: 28346.00
  • Gross Multiplier: 6.98
  • Gross Scheduled Income: 346752.00
  • Gross Spendable Income: 144382.00
  • Insurance Expense: 9850.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 41525.0000 Square Feet
  • Net Operating Income: 126756.00
  • Number Of Separate Electric Meters: 38
  • Number Of Separate Gas Meters: 38
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 32
  • Number Of Units Total: 38
  • Number Wall A C: 38
  • Number With Disposal: 38
  • Number With Range: 38
  • Operating Expense: 150645.00
  • Operating Expense Percent: 50.00
  • Rent Control: No
  • Total Actual Rent: 28346.00
  • Vacancy Allowance: 69350
  • Vacancy Allowance Rate: 20.00

Tax Info

  • New Taxes Expense: 31812.00
  • Tax Lot: 0154
  • Tax Tract Number: 0154-2

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
10/26/2015 10/26/15 Sold $2,300,000 +751.9% $73 / Sq Ft
10/26/2015 10/26/15 Pending -- -- --
07/12/2015 07/12/15 For Sale $270,000 -- $9 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Mitchell

    Seller's Agent in 2015

    Jonathan Mitchell

    Kidder Mathews of California, Inc

    (714) 337-8405

    Jonathan Mitchell
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15152143

California Regional Multiple Listing Service (CRMLS)
California San Bernardino County San Bernardino 92404 Wildwood Park

4202 Sepulveda Ave, San Bernardino, CA

This home is located at 4202 Sepulveda Ave, San Bernardino, CA 92404 since 12 July 2015. This property was built in 1963. 4202 Sepulveda Ave is a home located in San Bernardino County with nearby schools including Arrowhead Elementary School, Golden Valley Middle School, and San Bernardino High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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