1398 N Sierra Way San Bernardino, CA 92405

$--

-- Beds
-- Baths
53,776 Sq.Ft.

Off Market

Map preview of 1398 N Sierra Way, San Bernardino, CA 92405

Property Overview: 1398 N Sierra Way San Bernardino, CA has -- bedrooms, -- bathrooms, 53,776 living square feet and 144,183 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1398 N Sierra Way is currently an off market home in the city of San Bernardino. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of San Bernardino has a median list price of $489,369. The median price per/sqft for San Bernardino is $348. With those numbers in mind, if you are looking to purchase a median priced home in San Bernardino, CA and put 20% down you will need to save up $97,874 for the down payment and will need roughly $9,788 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in San Bernardino the commission could be as much as $25,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1398 N Sierra Way

Last sold on December 6th, 2019

December, 2019
Dec 6, 2019

Date

Sold (Public Records)

Public Records

--

Price
November, 2018
Nov 21, 2018

Date

Sold

CRMLS: IV18107132

$6,540,000

Price
Oct 30, 2018

Date

Pending

CRMLS: IV18107132

$7,200,000

Price
Oct 11, 2018

Date

Active Under Contract

CRMLS: IV18107132

$7,200,000

Price
May 7, 2018

Date

Active

CRMLS: IV18107132

$7,200,000

Price
Listing provided courtesy of CRMLS

Highlights; Competitive Offering Actual CAP Rate of 5.84 %, with a ProForma CAP Rate of 6.57 %, Offering Actual GRM of 10.49, with a ProForma GRM of 9.68 / Rental Comparables Illustrate a 98 % Occupancy Area. Rental Survey Completed 03/05/2018., $1,000,000 In Recent Property Improvements and Renovations Under Current Ownership. 60% of the Units Have Been Completely Renovated., Conservative 10% Upside in Potential Rental Income. Achieved through continued implementation of Government approved and funded programs., Currently only 30% of the Tenants are in Government funded program, allowing for future growth., 4 Units Have Fire Damage and Are Currently Under Complete Rehabilitation. Units to be Delivered per Seller in 100% Rent Ready Condition. The Mountain view manor apartments are located on a sprawling 3.31 acre lot. The property is composed of 10+ buildings, outbuildings, and cover parking structures for all units. This 68 unit apartment community possesses an attractive unit mix of 35 one bedroom / one bathroom units, 1 one bedroom / one and a half bathroom unit and 32 two bedroom / one bathroom units. Over 60% of the units have been completely renovated. Recent property improvements by current ownership exceed $1,000,000 and have been outlined below. Capital Improvements & Renovations: New Interior Paint New Flooring in units New Kitchen Cabinets & Countertops New Appliances New Bathroom Cabinets Updated Exteriors Exterior Paint and Fascia Improvements

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November, 2018
Nov 21, 2018

Date

Sold (Public Records)

Public Records

$6,540,000

Price
May, 2018
May 1, 2018

Date

Expired

CRMLS: IV18100332

$7,200,000

Price
May 1, 2018

Date

Active

CRMLS: IV18100332

$7,200,000

Price
Listing provided courtesy of CRMLS

Highlights; Competitive Offering Actual CAP Rate of 5.84 %, with a ProForma CAP Rate of 6.57 %, Offering Actual GRM of 10.49, with a ProForma GRM of 9.68 / Rental Comparables Illustrate a 98 % Occupancy Area. Rental Survey Completed 03/05/2018., $1,000,000 In Recent Property Improvements and Renovations Under Current Ownership. 60% of the Units Have Been Completely Renovated., Conservative 10% Upside in Potential Rental Income. Achieved through continued implementation of Government approved and funded programs., Currently only 30% of the Tenants are in Government funded program, allowing for future growth., 4 Units Have Fire Damage and Are Currently Under Complete Rehabilitation. Units to be Delivered per Seller in 100% Rent Ready Condition. The Mountain view manor apartments are located on a sprawling 3.31 acre lot. The property is composed of 10+ buildings, outbuildings, and cover parking structures for all units. This 68 unit apartment community possesses an attractive unit mix of 35 one bedroom / one bathroom units, 1 one bedroom / one and a half bathroom unit and 32 two bedroom / one bathroom units. Over 60% of the units have been completely renovated. Recent property improvements by current ownership exceed $1,000,000 and have been outlined below. Capital Improvements & Renovations: New Interior Paint New Flooring in units New Kitchen Cabinets & Countertops New Appliances New Bathroom Cabinets Updated Exteriors Exterior Paint and Fascia Improvements

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Tax History for 1398 N Sierra Way

Assessed Value (2020): $6,670,800

Year	Land Value	Improved Value	Assessed Value
2020	$1,530,000	$5,140,800	$6,670,800

About 1398 N Sierra Way

Detailed summary of property

1398 N Sierra Way is categorized with a use code of Apartments (Generic) in San Bernardino, CA 92405 and is currently off market. This property has -- bedrooms, -- bathrooms, roughly 53,776 living square feet, and sits on an approximately 144,183 square foot lot. Homes in San Bernardino are selling for a median price of $500,000 and a median price per square foot of $361. Local nearby listings include 996 N Arrowhead Ave, 386 E 16th St and 879 N Mountain View Ave. The average home in San Bernardino, CA is selling in 58 days. There are currently 449 homes for sale in the San Bernardino real estate market and 407 of them are single family homes while 38 of them are condos and 4 are townhomes. If you are the homeowner and looking to sell the home at 1398 N Sierra Way San Bernardino, CA 92405 contact Ardent Real Estate Group and we will put you in touch with one of our San Bernardino agents.

Public Facts for 1398 N Sierra Way

Public county record property details

Beds: --
Baths: --
Year built: 1949
Sq. Ft.: 53,776
Lot Size: 144,183
Stories: 2

Type: Apartments (Generic)
Pool: No
Spa: No
County: San Bernardino
Lot#: --
APN: 0146-163-12-0000

The source for these homes facts are from public records.

92405 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$449,900

Median List Price/Sq.Ft.

$347

Median Sold Price

$490,000

Median Sold Price/Sq.Ft.

$379

Total Inventory

Median Sale to List Price %

102.08%

Avg Days on Market

Loan Type

Conventional (10.53%), FHA (63.16%), VA (0%), Cash (21.05%), Other (0%)

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(714) 706-1823

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