San Bernardino, CA 92679 236 E 48th Street
$3,300,000
Presented By: Evelyn Waidhofer with Classic Investments; [email protected]
Beds • 2
Baths • 2
SQFT • 12,014
Home Details
PRIDE OF OWNERSHIP !!!! Consisting of 20 units in excellent condition , the current owner has made it a priority to perform routine maintenance and create a strong community cohesion , the manager onsite was tasked with renting to well qualify tenants which has resulted in far less turnover when compared to neighboring apartments and with plenty of room to increase rents. This 20 unit complex is composed of a very desirable unit mix of one three bedrooms ,five two bedrooms and 14 one bedrooms . All units have free standing stoves , separate washer and dryer room for extra income. Located 5 minutes away from Cal State San Bernardino this property offers an outstanding investment opportunity for investors seeking to capitalize on the growing demand for student housing AND FOR THE CHERRY ON TOP THE EXISTING LOAN IS ASSUMABLE !!!!!!
SELLER HAS GIVING NOTICE TO ALL TENNANTS AND BEGINNING MAY 1ST ALL RENTS ARE INCREASE 9.40%
Presented By: Evelyn Waidhofer with Classic Investments; [email protected]
Interior Features for 236 E 48th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesElectricDryerHookup, GasDryerHookup, LaundryRoom
Street SuffixStreet
Total Stories2
Other Rooms
Entry Level
General for 236 E 48th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces24.0
Carport Y/NYes
CitySan Bernardino
Community FeaturesCurbs, StreetLights, Sidewalks
CountySan Bernardino
Days on Market113
Directions48th Street and Sierra Madre
Electric Expense852.0
Entry Locationfront
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income2400.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense13200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashtoExistingLoan, Conventional, Item1031Exchange, OwnerWillCarry, Submit
Lot Size Square Feet29501.0
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income220198.0
New ConstructionNo
Operating Expense80207.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPrivateSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameE 48th
Tax Lot2
Taxes$47,375
Total Units20
Trash Expense4140.0
View Y/NNo
Water Sewer Expense8340.0
Waterfront Y/NNo
Year Built1985
Year Built SourceAssessor
Exterior for 236 E 48th Street
Building Area Total12014.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.6772
Lot Size Area29501.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters21
Number of Separate Gas Meters21
Number of Separate Water Meters2
Open Parking Y/NNo
SpaNo
Total Parking24.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480