1505 Sepulveda Avenue San Bernardino, CA ^$ 1,615,000

1505 Sepulveda Avenue

^$ 1,615,000

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1505 Sepulveda Avenue

San Bernardino, CA, 92404

^$ 1,615,000

Bedrooms12 Baths2.0 Sq 6,966

Monthly Estimate*

^$ 11,281

Listed by LE INVESTMENT GROUP

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 1

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 2

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 3

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 4

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 5

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 6

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 7

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 8

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 9

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 10

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 11

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 12

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 13

1505 Sepulveda Avenue, San Bernardino, CA 92404 - Image 14

Multi-Family Home for sale in San Bernardino, CA

for $1,615,000 with 12 bedrooms and 2 full baths. This 6,966 square foot home was built in 1965 on a lot size of 0.3711.

HIGHLIGHTS: Competitive Offering with an Actual CAP Rate of 5.34%, with Significant Upside Potential, Projected ProForma CAP Rate of 6.92% / Offering an Actual Gross Rent Multiplier (GRM) of 11.79, with a Projected ProForma GRM of 9.48. The Sandalwood East Apartments, constructed in 1965 on a spacious 0.37-acre corner lot, boast an excellent location ideal for single families. This eight-unit property spans 6,966 sq. ft and comprises four one-bedroom, one bathroom units (1BD/1BA) as well as four oversized two bedroom, two-bathroom units (2BD/2BA). Tenants enjoy the convenience of four two-car garages and two single car garages. Additional amenities include private balconies/patios, individual A/C and heating, and a beautifully landscaped private yard/garden. Demonstrating a strong sense of ownership pride, this property offers prospective buyers an opportunity to acquire an asset with minimal maintenance requirements for decades to come.

Multi-Family Active

Price

^$ 1,615,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.3711

Year Built

1965

Town/City

San Bernardino

County/Region

San Bernardino

MLS | Web ID

IV24021684

Days on Market

103

Features

General

Sewer PublicSewer

Garage Spaces 10.0

Pool Features None

Year Built 1965

Tenant Pays Electricity

Stories 2

Levels Two

Property SubType Apartment

Gross Income 170400.0

Community Features Urban

County San Bernardino

Net Operating Income 111772.0

Operating Expense 51812.0

Insurance Expense 4008.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status ActiveUnderContract

Directions Sierra Ave Via Baseline to Sepulveda.

City San Bernardino

Entry Location Down & Up

View Y/N N

Senior Community Y/N N

Open Parking Spaces 10.0

Total Units 8

MLS Area 274 - San Bernardino

Lot Size Square Feet 16163.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Sepulveda

Listing Terms Submit

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 600.0

Home Warranty Y/N N

Fuel Expense 4237.0

Trash Expense 2514.0

Water Sewer Expense 2861.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 66

Building Area Units SquareFeet

Standard Status ActiveUnderContract

Year Built Source Appraiser

Tax Lot 14

Property Sub Type Additional Apartment

Taxes 19929.0

Exterior

Lot Features Item25UnitsAcre

Water Source Public

Total Parking 20.0

Lot Size Area 16163.0

Number of Buildings 2

Spa N

Building Area Total 6966.0

Lot Size Acres 0.3711

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 8

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 Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1505

* Excluded Features

List By

Le Investment Group

Broker

(909) 256-7889

Phone

Affordability Calculator

$11,281

Per Month

Monthly Principal & Interest: $11,281
Monthly Property Taxes: --
Monthly Home Insurance: --

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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.

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Nearby

Trends
Schools

Multi-family listings in San Bernardino, CA

Average List Price ^$932,256

Percent of Sale Price 42%

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
1/30/2024	$1,615,000		Listed Price

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1505 Sepulveda Avenue, San Bernardino, CA, 92404 is a Multi-Family Home for sale at $1,615,000 with 6,966 sqft and a lot size of 0.3711. 1505 Sepulveda Avenue has 12 bedrooms, 2.0 baths, and was built in 1965. The property's zip code is 92404 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 5/12/2024. 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.

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1505 Sepulveda Avenue

Multi-Family Home for sale in San Bernardino, CA

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