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221 E Olive St, San Bernardino, CA 92410
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221 E Olive St San Bernardino, CA 92410

$1,175,000 Sold Price as of 09/09/2024
  • 12 Beds
  • 11 Baths
  • 4,294 Sq.Ft.
Sold
$1,175,000 Sold Price as of 09/09/2024 Refinance Your Mortgage
Map preview of 221 E Olive St, San Bernardino, CA 92410

Property Overview: 221 E Olive St San Bernardino, CA has 12 bedrooms, 11 bathrooms, 4,294 living square feet and 7,362 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A six unit apartment is now avaliable in San Bernardino, California. The apartment complex consists of (5) two-bedroom/one-bath and (1) one-bedroom/ one-bath for a total of (6) units with a two car garage. The property was constructed in 1980 and has approx 4,294 building square feet. Furthermore the property is within a five minute drive from highway 215 and seven minutes from hwy 210 for an easy commute throughout the inland empire. Lastly the apartment complex is conveniently located within 10 minutes of stores such as Costco, Golden Corral, Olive Garden, The Home Depot, Best Buy, Chuck E Chesse, BJ's Restaurant, Sam's Club, In N Out, Dave's Hot Chicken, Raising Cane's and many more! Don't miss this opportunity to own this apartment complex!

Listed by Charly Ubaldo | BRE #02088736 | Keller Williams Victor Valley
Last checked: 9 minutes ago | Last updated: September 11th, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
7,362
HOA Dues
$0/mo
Year built
1980
Garage
6 Car
Property Type:
Apartment
Status
Sold
MLS#
DW24170601
City
San Bernardino
County
San Bernardino
Time on Site
31 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $8,420
  • Total Rent: $8,420
  • Pro Forma/Market Rent: $9,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.29%
  • Gross Rent Multiplier: 10.16
  • Gross Scheduled Income: $116,580
  • Net Operating Income: $74,567
  • Gross Operating Income: --
  • Vacancy Allowance: $3,498
Annual Expense Breakdown
  • Total Operating Expense: $38,515
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $3,000
  • Professional Management: $0
  • Water/Sewer: $6,555

Property Details for 221 E Olive St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 0140112190000
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Northbound on hwy 215. Exit on Baseline Street and make a right. Make a right on N Sierra Way. Make a left on E Olive S and the property will be on the corner of Olive st and Wall Ave North.
Neighborhood Information
  • Community Features: Biking
View more facts & features

Local San Bernardino Agent

Sale History for 221 E Olive St

Last sold for $1,175,000 on September 9th, 2024

  • September, 2024

  • Sep 9, 2024

    Date

    Sold

    CRMLS: DW24170601

    $1,175,000

    Price

  • Aug 19, 2024

    Date

    Active

    CRMLS: DW24170601

    $1,185,000

    Price

  • August, 2024

  • Aug 19, 2024

    Date

    Canceled

    CRMLS: CV24140678

    $1,185,000

    Price

  • Jul 10, 2024

    Date

    Active

    CRMLS: CV24140678

    $1,285,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the opportunity to acquire a six-unit property located at 221 E Olive Street in the city of San Bernardino. The property building size totals ±4,294 SF and is situated on a well-maintained ±7,362 square foot lot. 221 E Olive Street is conveniently located minutes away from the 215 and 210 Freeway and its cross streets are Wall Avenue and E 10th Street. The property offers convenient access to the San Bernardino Downtown Metrolink rail station, shopping centers, restaurants, and other popular retailers all within a short distance. The property offers convenient access to the 210, 215, 91, 60 and 10 freeways connecting to Riverside, Orange, and Los Angeles Counties. Neighboring cities include Riverside, Highland, Colton, Redlands, Yucaipa, and Loma Linda. Significant local landmarks within a 20-mile radius include: San Bernardino International Airport, Inland Center Mall, Waterman Discount Mall, Cal State University San Bernardino, Loma Linda University Medical Center and Yaamava’ Resort & Casino, to name a few. 221 E Olive Street is a prime Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

  • December, 2021

  • Dec 20, 2021

    Date

    Pending

    CRMLS: SW21264547

    $975

    Price

  • Listing provided courtesy of CRMLS

    NICE CONFY 1 BED 1 BATH APARTMENT . INCLUDES WATER/ TRASH AND A 2 CAR TANDEM GARAGE . FENCED YARD .THIS IS DOWNSTAIRS END UNIT APARTMENT . NO ONE UPSTAIRS. OFF STREET PARKING .

  • December, 2021

  • Dec 20, 2021

    Date

    Pending

    CRMLS: SW21264561

    $1,200

    Price

  • Listing provided courtesy of CRMLS

    NICE AND COZY 2 BED 1 BATH DOWNSTAIRS APARTMENT. WATER AND TRASH INCLUDED. PLUS A ROOMY 2 CAR TANDEM GARAGE WITH OFF STREET PARKING .

  • April, 2018

  • Apr 23, 2018

    Date

    Sold

    CRMLS: WS17223109

    $560,000

    Price

  • Nov 7, 2017

    Date

    Pending

    CRMLS: WS17223109

    $558,000

    Price

  • Nov 3, 2017

    Date

    Active

    CRMLS: WS17223109

    $558,000

    Price

  • Oct 26, 2017

    Date

    Hold

    CRMLS: WS17223109

    $558,000

    Price

  • Oct 25, 2017

    Date

    Active

    CRMLS: WS17223109

    $558,000

    Price

  • Oct 19, 2017

    Date

    Hold

    CRMLS: WS17223109

    $558,000

    Price

  • Oct 11, 2017

    Date

    Active

    CRMLS: WS17223109

    $558,000

    Price

  • Listing provided courtesy of CRMLS

    1980 BUILT GREAT 6 UNITS INVESTMENT.

  • April, 2018

  • Apr 18, 2018

    Date

    Sold (Public Records)

    Public Records

    $560,000

    Price

  • June, 2015

  • Jun 3, 2015

    Date

    Sold (Public Records)

    Public Records

    $519,000

    Price

Show More

Tax History for 221 E Olive St

Assessed Value (2020): $582,624
Year Land Value Improved Value Assessed Value
2020 $114,444 $468,180 $582,624

Home Value Compared to the Market

This property vs the competition

221 E Olive St sold on September 9, 2024 for 137% higher than the current median sold price for the city of San Bernardino which is $500,000. The median sold price per/sqft for San Bernardino is $361 and this home is sold at $275.97 per/sqft which puts the price per square foot 23.55% lower than the current median sale per square foot for the city of San Bernardino.

About 221 E Olive St

Detailed summary of property

221 E Olive St is a apartment that recently sold in San Bernardino, CA 92410. This apartment offered 12 bedrooms, 11 bathrooms, roughly 4,294 living square feet, and sits on an approximately 7,362 square foot lot. 221 E Olive St was first listed on ArdentRealEstateGroup.com on August 19, 2024. The homeowner sold the property for $1,175,000. Home in San Bernardino are selling for a median price of $500,000 and a median price per square foot of $361. Based on Ardent Real Estate Group's San Bernardino Market Data, this home is sold 137% higher than the current median priced home. Local homes that are currently for sale include 203 E Park St, 1185 W Grand Blvd and 308 N Begonia Ave. While the average home in San Bernardino, CA is selling in 58 days, 221 E Olive St has a days on market of 3 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. For more information on this home for sale at 221 E Olive St San Bernardino, CA 92410 contact Ardent Real Estate Group and we will put you in touch with one of our San Bernardino agents.

Public Facts for 221 E Olive St

Public county record property details
Beds
--
Baths
--
Year built
1980
Sq. Ft.
4,294
Lot Size
7,362
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
San Bernardino
Lot#
1
APN
0140-112-19-0000

The source for these homes facts are from public records.

92410 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$450,000
Median List Price/Sq.Ft.
$378
Median Sold Price
$455,000
Median Sold Price/Sq.Ft.
$377
Total Inventory
53
Median Sale to List Price %
103.64%
Avg Days on Market
25
Loan Type
Conventional (27.27%), FHA (18.18%), VA (0%), Cash (18.18%), Other (18.18%)

Thinking of Selling?

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(714) 706-1823

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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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