NOT LISTED FOR SALE
13 Beds
13 Baths
7,221 Sq Ft
0.32 Acres

Last Sold August 15, 2013

Last sale price $605,000 $84 Per Sq Ft

43 Days on Market

Highlights

  • 14,030 Sq Ft lot
  • Laundry Room
  • 4-minute walk to Bryce E. Haines Park

About This Home

As of August 2013

This is a 13 unit complex with great cap rate of 9% perfect for investors! Located in the city of San Bernardino on the corner of w. 9TH St/ N. G St. Astonishing price of 650k will not last long on the market. There is an onsite manager that maintain the building and handles all rent, application screening, and filling the vacancy. The manager lives rent free in one of the units. Unit# 670A, 670B, and 670 D are studio apartments and collects $550.00 month(landlord pay utilities). And the rest of the 10 units are 1bed/1bath collecting $625.00 month. Plenty of parking space for tenants and garage spaces. The complex have a onsite laundry room that generates $600.00 per year! Building is in good conditions with low maintenance required. Please do not disturb tenant."subject to cancellation on current escrow"

Last Agent to Sell the Property

Michael Kim

CRI Realty & Investments License #01847587 Listed on: 01/21/2013

Last Buyer's Agent

Patricia Lanser

Lyon RE Grass Valley License #00829478

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 0.32 Acre Lot

Interior Spaces

  • 7,221 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 13 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 13 Units

Listing and Financial Details

  • Assessor Parcel Number 0140142180

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7221
  • Stories: 2
  • Year Built: 1944
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Laundry Area
  • Price Per S Q F T: 90.02

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway - Concrete
  • Total Parking: 13

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Water Expense: 5220.00

Fee Information

  • Gas Expense: 2520.00
  • Insurance Expense: 1900.00
  • Maintenance Expense: 4800.00
  • Management Expense: 7500.00

Lot Info

  • Assessed Improvement Value: 470000
  • Assessed Land Value: 30000
  • Assessor Parcel Number: 0140142180
  • Geocode Override: No
  • Lot Size Area: 14030

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118
  • Gross Rent Multiplier: 6.80
  • Number Of Units: 13
  • Type Of Units: standard

Tax Info

  • Tax Expense: 6800.00

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

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2013 08/15/13 Sold $605,000 -6.9% $84 / Sq Ft
03/05/2013 03/05/13 Pending -- -- --
01/21/2013 01/21/13 For Sale $650,000 -- $90 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-646917

The MLS