NOT LISTED FOR SALE

433 W 44th St San Bernardino, CA 92407

Estimated Value: $765,000 - $817,000

2 Beds
1 Bath
2,728 Sq Ft
$286/Sq Ft Est. Value

Last Sold August 05, 2024

Last sale price $775,000 $284 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,558/month

28 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Tile Flooring
  • Hillside Elementary School Rated 9+
  • Neighborhood Views
  • Forced Air Heating and Cooling System

About This Home

As of August 2024

Discover a fantastic investment opportunity with these three well-maintained and upgraded units in San Bernardino, ideally situated on a spacious 10,000 square foot lot. Each unit features big 900 square foot 2 bedrooms / 1 bathroom, complete with convenient amenities such as washer and dryer hookups, garbage disposal, and central AC for ultimate comfort. The property includes three two-car garages, providing ample parking and storage options for tenants. Each unit is individually metered, making utility management straightforward. Enjoy the stability and consistent rental income from long-term tenants. Recent updates, including a newer roof, add to the property's overall appeal and reduce maintenance concerns. Monthly bills average $365, covering, water and trash. Long Term, this property screams the ADU potential with big detached garages and oversized lot. Excellent property to add to any investment portfolio. Don't miss out on this exceptional opportunity!

Last Agent to Sell the Property

Hector Alvarado

Hector Alvarado, Broker License #01250894 Listed on: 06/03/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,037

Year Built

  • Built in 1980

Lot Details

  • 10,061 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available

Property Views

  • Neighborhood
  • Courtyard

Home Design

  • Triplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,728 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Panel Doors

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Rain Gutters
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Tax Tract Number 45
  • Assessor Parcel Number 0271022240000
  • $903 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Trash Expense $1,980
  • Water Sewer Expense $2,400
  • Operating Expense $4,380
  • Gross Income $5,380
  • Net Operating Income $49,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,037

Year Built

Built in 1980

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 258633
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: RM
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 0271022240000
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: front
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 284.09
  • Window Features: Screens

Exterior Features

  • Foundation: Raised, Slab
  • Exterior Features: Rain Gutters
  • View: Courtyard, Neighborhood
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Trash Expense: 1980.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard
  • Lot Size Sq Ft: 10061.00
  • Lot Size Acres: 0.2310

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5380.00
  • Gross Operating Income: 53820.00
  • Gross Scheduled Income: 53820.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 10061.0000 Square Feet
  • Net Operating Income: 49440.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 4380.00
  • Rent Control: Yes
  • Total Expenses: 4380.00

Tax Info

  • Tax Census Tract: 45.07
  • Tax Lot: 4
  • Tax Tract Number: 45.07
  • TaxOtherAnnualAssessmentAmount: 903.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Jul 9, 2024
Sold by
Bertha Alicia Alvidrez Family Trust and Alvidrez Jesus S
Bought by
Medrano Omar Martinez and Arellano Sandra
Seller's Agent
Hector Alvarado
Hector Alvarado, Broker
List Price
$775,900
Sold Price
$775,000
Premium/Discount to List
-$900
-0.12%
Views
33
Current Estimated Value
$780,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,932
Avg. Annual Appreciation
0.44%
Original Mortgage
$620,000
Outstanding Balance
$613,543
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$165,169

Purchase Details

Closed on
Jan 27, 2007
Sold by
Alvidrez Jesus S and Alvidrez Bertha Q
Bought by
Alvidrez Jesus S
Source: Public Records

Range of Values:

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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
Medrano Omar Martinez $775,000 Fidelity National Title
Alvidrez Jesus S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medrano Omar Martinez $620,000
Previous Owner Alvidrez Jesus S $134,316
Previous Owner Alvidrez Jesus S $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Price Changed $775,900 +0.1% $284 / Sq Ft
08/05/2024 08/05/24 Sold $775,000 -0.1% $284 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $775,900 0.0% $284 / Sq Ft
08/15/2016 08/15/16 Rented $925 -15.5% --
07/20/2016 07/20/16 Price Changed $1,095 +18.4% $1 / Sq Ft
05/28/2016 05/28/16 For Rent $925 +12.1% --
09/06/2012 09/06/12 Rented $825 0.0% --
09/06/2012 09/06/12 Under Contract -- -- --
06/22/2012 06/22/12 For Rent $825 -- --
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 $4,037 $775,000 $190,000 $585,000
2024 $4,037 $309,469 $52,012 $257,457
2023 $3,937 $303,401 $50,992 $252,409
2022 $3,944 $297,452 $49,992 $247,460
2021 $3,951 $291,620 $49,012 $242,608
2020 $3,962 $288,629 $48,509 $240,120
2019 $3,845 $282,970 $47,558 $235,412
2018 $3,643 $277,421 $46,625 $230,796
2017 $3,303 $254,300 $34,000 $220,300
2016 $2,899 $225,400 $30,100 $195,300
2015 $2,750 $206,600 $27,600 $179,000
2014 $2,379 $181,200 $24,200 $157,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24106140

California Regional Multiple Listing Service (CRMLS)

APN: 0271-022-24