$640,000
SOLD MAR 6, 2024
7 Beds
4 Baths
2,100 Sq Ft
6,900 Sq Ft Lot

Recently Sold

$305 Per Sq Ft

8% Below List Price

43 Days on Market

Highlights

  • Corner Lot
  • Double Pane Windows
  • Floor Furnace
  • No HOA
  • Laundry Room
  • Front Yard

About This Home

As of March 2024

Welcome to an exceptional investment opportunity in San Bernardino! This well-maintained duplex, strategically located at 805 W 7th St and 674 N H St. Additionally, a third unit, converted from a garage at 674 N H St, adds to the property's appeal.

Currently, all units are rented out, generating a total monthly income of $6,100. The tenants at 805 W 7th St, a spacious 4-bedroom, 2-bathroom unit, cover all utilities, contributing to a positive cash flow. Meanwhile, the units at 674 N H St and 674 1/2 N H St have the owner covering the utility expenses.

Investors will find this property particularly enticing due to its attractive cash flow, even with a minimal down payment. Alternatively, for a buyer looking to reside in one unit while managing the others, this duplex is an ideal fit.

The meticulous care given to the property is evident in the recent upgrades. At 805 W 7th St, enjoy the benefits of new vinyl windows throughout, fully remodeled bathrooms, fresh LVP flooring in the kitchen, updated copper water lines from main line all the way to each faucet, ABS plumbing throughout all the way to curb line, a new wood fence surrounding the corner lot, lush St Augustine sod laid within the last 12 months, breaker upgrades, and new fans in every room. The landscaping, featuring river rock accents, enhances the overall aesthetic appeal.

674 N H St boasts new PEX water lines from the property entrance to kitchen and bathroom faucets. Meanwhile, 674 1/2 N H St is entirely updated, featuring a recently installed mini-split system for added comfort. In each unit, tenants benefit from the convenience of provided washer and dryer facilities.

This property is not just a home; it's a smart investment opportunity with immediate returns and potential for future appreciation. Don't miss your chance to own a well-maintained duplex with a strong rental history in San Bernardino!

Drone Footage

Last Agent to Sell the Property

Adrian Daniel Villalobos

The Realty Co Brokerage Phone: 562-536-9270 License #01957982 Listed on: 11/14/2023

Last Buyer's Agent

Diego M Dominguez

Diego Dominguez, Broker License #01427909

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,991

Year Built

  • Built in 1801

Lot Details

  • 6,900 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Entry on the 1st floor
  • Raised Foundation
  • Slab Foundation

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • ENERGY STAR Qualified Windows

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Tax Lot 24
  • Tax Tract Number 57
  • Assessor Parcel Number 0134011120000
  • $564 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $3,600
  • Fuel Expense $2,400
  • Gardener Expense $1,320
  • Insurance Expense $1,920
  • Trash Expense $600
  • Water Sewer Expense $960
  • Operating Expense $10,800
  • Gross Income $6,100
  • Net Operating Income $32,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,991

Year Built

Built in 1801

Lot Details

0

Listing Details

  • Assessments: No
  • Inclusions: 3 Washer Sets, 3 Dryer Sets, 3 Gas Stoves.
  • Price Per Unit: 226667
  • Property Attached: No
  • Water Sewer Expenses: 960.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 0134011120000
  • Year Built: 1801
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front Of Property
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 304.76
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Foundation: Raised, Slab
  • Pool Private: No

Garage/Parking

  • Parking Features: Assigned, Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Inside, Outside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard
  • Lot Size Sq Ft: 6900.00
  • Lot Size Acres: 0.1584

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Electric Expense: 3600.00
  • Fuel Expense: 2400.00
  • Gross Income: 6100.00
  • Gross Operating Income: 69540.00
  • Gross Scheduled Income: 73200.00
  • Insurance Expense: 1920.00
  • Lot Size Area: 6900.0000 Square Feet
  • Net Operating Income: 32340.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 36000.00
  • Rent Control: No
  • Total Actual Rent: 6100.00
  • Total Expenses: 10800.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 57.01
  • Tax Lot: 24
  • Tax Tract Number: 57.01
  • TaxOtherAnnualAssessmentAmount: 564.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2023
Closed on
Jan 9, 2024
Sold by
Villalobos Adrian Daniel
Bought by
Gonzalez Pablo
Seller's Agent
Adrian Daniel Villalobos
The Realty Co
Buyer's Agent
Diego M Dominguez
Diego Dominguez, Broker
List Price
$695,000
Sold Price
$640,000
Premium/Discount to List
-$55,000
-7.91%
Views
98
Current Estimated Value
$574,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,586
Avg. Annual Appreciation
-7.52%
Original Mortgage
$628,408
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 20, 2021
Closed on
Sep 14, 2021
Sold by
Murray Jeffrey
Bought by
Villalobos Adrian Daniel
Seller's Agent
Jeff Murray
The Virtual Realty Group
Buyer's Agent
Anthony Tafesh
PINNACLE REAL ESTATE GROUP
List Price
$449,900
Sold Price
$450,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.32%
Original Mortgage
$434,981
Interest Rate
2.88%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 12, 2016
Closed on
Mar 25, 2016
Sold by
Cowans Mike
Bought by
Cowans Marcia
Seller's Agent
Ron Bunse
Town & Country Real Estate
Buyer's Agent
Polly McDonald
RE/MAX ADVANTAGE
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.75%

Purchase Details

Listed on
Mar 12, 2016
Closed on
Mar 24, 2016
Sold by
Miller Robert D and Miller Susan K
Bought by
Murray Jeffrey
Seller's Agent
Ron Bunse
Town & Country Real Estate
Buyer's Agent
Polly McDonald
RE/MAX ADVANTAGE
List Price
$125,000
Sold Price
$125,000

Purchase Details

Listed on
Mar 12, 2016
Closed on
Mar 17, 2016
Sold by
Miller Robert D and Miller Susan K
Bought by
Miller Robert O and Miller Susan K
Seller's Agent
Ron Bunse
Town & Country Real Estate
Buyer's Agent
Polly McDonald
RE/MAX ADVANTAGE
List Price
$125,000
Sold Price
$125,000

Purchase Details

Closed on
Jul 3, 2003
Sold by
Cowans Michael A and Cowans Marcia A
Bought by
Miller Robert and Miller Susan

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
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 1997
Sold by
Wachel Mike D and Suzanne Wachel
Bought by
Wachel Mike D and Wachel Suzanne

Purchase Details

Closed on
Jan 5, 1994
Sold by
Miller Robert and Miller Susan
Bought by
Miller Robert and Miller Susan
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 Type Sale Price Title Company
Grant Deed $640,000 Usa National Title Company
Grant Deed $450,000 Stewart Title Of California
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $125,000 Fidelty National Title Co
Interfamily Deed Transfer -- None Available
Grant Deed -- Chicago Title Co
Joint Tenancy Deed $44,693 Stewart Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $628,408 FHA
Previous Owner $434,981 FHA
Previous Owner $165,750 New Conventional
Previous Owner $85,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Sold $640,000 -5.9% $305 / Sq Ft
02/21/2024 02/21/24 Price Changed $680,000 0.0% $324 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
12/15/2023 12/15/23 Price Changed $680,000 -2.2% $324 / Sq Ft
11/14/2023 11/14/23 For Sale $695,000 +54.4% $331 / Sq Ft
11/05/2021 11/05/21 Sold $450,000 0.0% $224 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $449,900 0.0% $224 / Sq Ft
08/23/2021 08/23/21 Off Market $450,000 -- --
08/20/2021 08/20/21 For Sale $449,900 +259.9% $224 / Sq Ft
04/05/2016 04/05/16 Sold $125,000 0.0% $62 / Sq Ft
03/18/2016 03/18/16 Pending -- -- --
03/12/2016 03/12/16 For Sale $125,000 -- $62 / 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 $5,991 $652,800 $195,840 $456,960
2024 $5,991 $468,180 $104,040 $364,140
2023 $6,206 $459,000 $102,000 $357,000
2022 $1,958 $450,000 $100,000 $350,000
2021 $1,934 $136,706 $40,465 $96,241
2020 $1,937 $135,304 $40,050 $95,254
2019 $1,882 $132,651 $39,265 $93,386
2018 $1,861 $130,050 $38,495 $91,555
2017 $2,257 $127,500 $37,740 $89,760
2016 $1,285 $88,582 $12,432 $76,150
2015 $1,742 $87,251 $12,245 $75,006
2014 $1,126 $85,542 $12,005 $73,537
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23211427

California Regional Multiple Listing Service (CRMLS)

APN: 0134-011-12