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1505 Sepulveda Ave, San Bernardino, CA 92404
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1505 Sepulveda Ave San Bernardino, CA 92404

$1,615,000
  • 12 Beds
  • 11 Baths
  • 6,966 Sq.Ft.
Back Up Offer
$1,615,000 Get Pre-Qualified
Map preview of 1505 Sepulveda Ave, San Bernardino, CA 92404

Property Overview: 1505 Sepulveda Ave San Bernardino, CA has 12 bedrooms, 11 bathrooms, 6,966 living square feet and 16,163 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by ALBERT LE | BRE #01468313 | LE INVESTMENT GROUP
Last checked: 4 minutes ago | Last updated: April 5th, 2024 | Source CRMLS | DOM: 82
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Home details

Lot Sq. Ft
16,163
HOA Dues
$0/mo
Year built
1965
Garage
10 Car
Property Type:
Apartment
Status
Back Up Offer
MLS#
IV24021684
City
San Bernardino
County
San Bernardino
Time on Site
88 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Electric Meters: 8
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,231
  • Total Rent: $4,927
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,622
  • Total Rent: $6,490
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $170,400
  • Net Operating Income: $111,772
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $51,812
  • Electric: $600
  • Gas/Fuel: $4,237
  • Licenses: $600
  • New Taxes: $19,929
  • Trash: $2,514
  • Gardener: $1,800
  • Insurance: $4,008
  • Maintenance: $6,000
  • Professional Management: $0
  • Water/Sewer: $2,861

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Property Details for 1505 Sepulveda Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 20
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 8
  • Parcel Number: 0146143010000
  • Year Built Source: Appraiser
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Sierra Ave Via Baseline to Sepulveda.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local San Bernardino Agent

Sale History for 1505 Sepulveda Ave

Last sold for $789,000 on February 7th, 2006

  • April, 2024

  • Apr 5, 2024

    Date

    Back Up Offer

    CRMLS: IV24021684

    $1,615,000

    Price

  • Jan 30, 2024

    Date

    Active

    CRMLS: IV24021684

    $1,615,000

    Price

  • February, 2006

  • Feb 7, 2006

    Date

    Sold (Public Records)

    Public Records

    $789,000

    Price

  • December, 2004

  • Dec 17, 2004

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

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Tax History for 1505 Sepulveda Ave

Assessed Value (2020): $861,100
Year Land Value Improved Value Assessed Value
2020 $172,200 $688,900 $861,100

Home Value Compared to the Market

This property vs the competition

1505 Sepulveda Ave is listed 226.26% higher than the median list price for the city of San Bernardino which has a median list price of $495,000. The median price per/sqft for San Bernardino is $356 and this home is listed at $231.84 per/sqft which puts the price per square foot 34.88% lower than the median price per square foot for the city of San Bernardino.

About 1505 Sepulveda Ave

Detailed summary of property

1505 Sepulveda Ave is a apartment located in San Bernardino, CA 92404 and is currently in escrow to be sold. This apartment offers 12 bedrooms, 11 bathrooms, roughly 6,966 living square feet, and sits on an approximately 16,163 square foot lot. 1505 Sepulveda Ave was first listed on ArdentRealEstateGroup.com on January 30, 2024. The homeowner is currently asking $1,615,000. The median priced home in San Bernardino is $495,000 with a median price per square foot of $356. Based on Ardent Real Estate Group's San Bernardino Market Data, this home is listed 226.26% higher than the median priced home. Local competing homes currently for sale include 884 N Cota St, 12015 Silicon Ave and 648 Abbey Lane. While the average home in San Bernardino, CA is selling in 51 days, 1505 Sepulveda Ave has a days on market of 82 days. There are currently 372 homes for sale in the San Bernardino real estate market and 330 of them are single family homes while 40 of them are condos and 2 are townhomes. For more information on this home for sale at 1505 Sepulveda Ave San Bernardino, CA 92404 contact Ardent Real Estate Group and we will put you in touch with one of our San Bernardino agents.

Public Facts for 1505 Sepulveda Ave

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
6,966
Lot Size
16,163
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
Yes
County
San Bernardino
Lot#
14
APN
0146-143-01-0000

The source for these homes facts are from public records.

92404 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$499,950
Median List Price/Sq.Ft.
$326
Median Sold Price
$462,000
Median Sold Price/Sq.Ft.
$320
Total Inventory
115
Median Sale to List Price %
98.51%
Avg Days on Market
41
Loan Type
Conventional (40.63%), FHA (37.5%), VA (0%), Cash (18.75%), Other (3.13%)

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Recently Sold Homes Near 1505 Sepulveda Ave

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1555 Sepulveda, San Bernardino, CA 92404
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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