NOT LISTED FOR SALE

879 N Arrowhead Ave San Bernardino, CA 92401

Meadowbrook Neighborhood
6 Beds
4 Baths
2,802 Sq Ft
9,375 Sq Ft Lot

Last Sold November 30, 2022

Last sale price $890,000 $318 Per Sq Ft

113 Days on Market

About This Home

As of November 2022

HUGE PRICE REDUCTION, MOTIVATED SELELR WILL LOOK AT ALL OFFERS....Wonderful opportunity to own five Bungalow Style Units with front porch, side yards, and back and front parking. Front unit is a two bedroom house with gated front yard to compliment the long porch. Delivered fully occupied and rehabbed with ease of management, low expenses, and stable cash flow. Tenants pay all utilities, landlord pays trash & water. Larger than average yard with front street open location and visibility. Won't last long!

Last Agent to Sell the Property

Azhar Sabir

Shamoon Sikora, Broker License #01346363 Listed on: 06/03/2022

Last Buyer's Agent

Azhar Sabir

Shamoon Sikora, Broker License #01346363 Listed on: 06/03/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 9,375 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Interior Spaces

  • 2,802 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Fireplace in Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 63
  • Assessor Parcel Number 0140221360000
  • $1,204 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Gardener Expense $1,800
  • Insurance Expense $2,160
  • Maintenance Expense $3,000
  • Professional Management Expense $3,204
  • Trash Expense $2,892
  • Water Sewer Expense $1,956
  • New Taxes Expense $13,400
  • Operating Expense $28,412
  • Gross Income $81,960
  • Net Operating Income $51,089

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • CapRate: 5.43
  • Price Per Unit: 191980
  • Professional Management Expense: 3204.00
  • Property Attached: No
  • Water Sewer Expenses: 1956.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 0140221360000
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Fireplace Features: Bath, Family Room, Kitchen
  • Levels: Two
  • Price Per Square Foot: 317.63

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2892.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9375.00
  • Lot Size Acres: 0.2152

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 81960.00
  • Gross Multiplier: 11.56
  • Gross Scheduled Income: 81960.00
  • Gross Spendable Income: 52125.00
  • Insurance Expense: 2160.00
  • Lot Size Area: 9375.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 51089.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 28412.00
  • Rent Control: Yes
  • Total Actual Rent: 6830.00
  • Total Expenses: 28412.00

Tax Info

  • New Taxes Expense: 13400.00
  • Tax Block: 63
  • Tax Census Tract: 58.00
  • Tax Lot: 5
  • TaxOtherAnnualAssessmentAmount: 1204.00

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
11/30/2022 11/30/22 Sold $890,000 -7.3% $318 / Sq Ft
07/14/2022 07/14/22 Price Changed $959,900 0.0% $343 / Sq Ft
07/13/2022 07/13/22 Price Changed $960,000 -2.5% $343 / Sq Ft
07/06/2022 07/06/22 Price Changed $984,900 0.0% $351 / Sq Ft
06/29/2022 06/29/22 Price Changed $985,000 -1.5% $352 / Sq Ft
06/29/2022 06/29/22 Price Changed $999,900 0.0% $357 / Sq Ft
06/17/2022 06/17/22 Price Changed $1,000,000 0.0% $357 / Sq Ft
06/03/2022 06/03/22 For Sale $999,999 -- $357 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Azhar Sabir

    Seller's Agent in 2022

    Azhar Sabir

    Shamoon Sikora, Broker

    (714) 448-4300

    1 in this area

    36 Total Sales

    Azhar Sabir
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22114873

California Regional Multiple Listing Service (CRMLS)
California San Bernardino County San Bernardino 92401 Meadowbrook

879 N Arrowhead Ave, San Bernardino, CA

This home is located at 879 N Arrowhead Ave, San Bernardino, CA 92401 since 03 June 2022. This property was built in 1927. 879 N Arrowhead Ave is a home located in San Bernardino County with nearby schools including Captain Leland Norton Elementary School, Arrowview Middle School, and Indian Springs High.

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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