236 E 48th Street San Bernardino, CA ^$ 3,300,000

236 E 48th Street

^$ 3,300,000

Back to search

236 E 48th Street

San Bernardino, CA, 92679

^$ 3,300,000

Bedrooms2 Baths2.0 Sq 12,014

Monthly Estimate*

^$ 23,051

Listed by Classic Investments

236 E 48th Street, San Bernardino, CA 92679 - Image 1

236 E 48th Street, San Bernardino, CA 92679 - Image 2

236 E 48th Street, San Bernardino, CA 92679 - Image 3

Multi-Family Home for sale in San Bernardino, CA

for $3,300,000 with 2 bedrooms and 2 full baths. This 12,014 square foot home was built in 1985 on a lot size of 0.6772.

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%

Multi-Family Active

Price

^$ 3,300,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.6772

Year Built

1985

Town/City

San Bernardino

County/Region

San Bernardino

MLS | Web ID

DW23230842

Days on Market

126

Features

General

Sewer PrivateSewer

Garage Spaces 0.0

Pool Features None

Year Built 1985

Stories 2

Levels Two

Property SubType Apartment

Gross Income 2400.0

Community Features Curbs StreetLights Sidewalks

County San Bernardino

Net Operating Income 220198.0

Operating Expense 80207.0

Insurance Expense 13200.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 48th Street and Sierra Madre

City San Bernardino

Entry Location front

View Y/N N

Senior Community Y/N N

Total Units 20

MLS Area 699 - Not Defined

Lot Size Square Feet 29501.0

Private Pool N

Waterfront Y/N N

Carport Spaces 24.0

Carport Y/N Y

Street Name E 48th

Listing Terms CashtoExistingLoan Conventional Item1031Exchange OwnerWillCarry Submit

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 852.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 4140.0

Water Sewer Expense 8340.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 121

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 2

Total Actual Rent 24833.0

Property Sub Type Additional Apartment

Taxes 47375.0

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 24.0

Lot Size Area 29501.0

Number of Buildings 1

Spa N

Building Area Total 12014.0

Lot Size Acres 0.6772

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 2

Number of Separate Gas Meters 21

Number of Separate Electric Meters 21

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features ElectricDryerHookup GasDryerHookup LaundryRoom

Entry Level 0

Electric On Property Y/N N

Internal Only

Street Number 1 236

* Excluded Features

List By

Classic Investments

Broker

(310) 710-4625

Phone

Affordability Calculator

$23,051

Per Month

Monthly Principal & Interest: $23,051
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in San Bernardino, CA

Average List Price ^$932,649

Percent of Sale Price 72%

About San Bernardino, CA

217,363 Population

16% Since 2002

^$39,988 Median Income

31.34 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/27/2024	$3,300,000	-12.93%	Price Down
1/5/2024	$3,790,000		Listed Price

Map

More homes like this one

homes for you

See all

236 E 48th Street, San Bernardino, CA, 92679 is a Multi-Family Home for sale at $3,300,000 with 12,014 sqft and a lot size of 0.6772. 236 E 48th Street has 2 bedrooms, 2.0 baths, and was built in 1985. The property's zip code is 92679 which is in San Bernardino, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

236 E 48th Street

Multi-Family Home for sale in San Bernardino, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home