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231 W 9Th St, San Bernardino, CA 92401
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231 W 9Th St San Bernardino, CA 92401

$1,800,000 Sold Price as of 02/16/2022
  • 15 Beds
  • 14 Baths
  • 10,437 Sq.Ft.
Sold
$1,800,000 Sold Price as of 02/16/2022 Refinance Your Mortgage
Map preview of 231 W 9Th St, San Bernardino, CA 92401

Property Overview: 231 W 9Th St San Bernardino, CA has 15 bedrooms, 14 bathrooms, 10,437 living square feet and 21,900 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investors delight!! Front house is a large (1,400 square foot) 3 bedroom 2 bath with fireplace and detached 2 car garage. The 12 units are all located in the 2nd building, with 6 units on the main level and 6 units on the 2nd level. Each of the 1 bedroom/1 bath units are very large, averaging 750 square feet each. Vacancies are rare at this property, however when they have occurred, updating to the unit has coincided. Laundry room generates approximately $400 / month. 12 covered carports are each assigned to an apartment. This property has been managed very well and is located in a highly desirable area of San Bernardino. The units are much larger than other competing apartments in the area, this property will not last!!

Listed by Guillermo Durell | BRE #01732446 | Realty Source Inc.
Last checked: 3 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
21,900
HOA Dues
$0/mo
Year built
1962
Garage
1 Car
Property Type:
Apartment
Status
Sold
MLS#
DW21208717
City
San Bernardino
County
San Bernardino
Time on Site
1010 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 2
  • # of Electric Meters: 13
  • # of Gas Meters: 13
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $10,620
  • Total Rent: $885
  • Pro Forma/Market Rent: $925
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $10,800
  • Total Rent: $900
  • Pro Forma/Market Rent: $925
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $15,420
  • Total Rent: $1,285
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $10,200
  • Total Rent: $850
  • Pro Forma/Market Rent: $925
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.51%
  • Gross Rent Multiplier: 11.55
  • Gross Scheduled Income: $147,180
  • Net Operating Income: $110,769
  • Gross Operating Income: $145,410
  • Vacancy Allowance: $1,770
  • Laundry Income: $4,800
Annual Expense Breakdown
  • Total Operating Expense: $34,640
  • Electric: $724
  • Gas/Fuel: $0
  • Licenses: $360
  • New Taxes: $13,970
  • Trash: $2,174
  • Insurance: $5,500
  • Maintenance: $4,302
  • Professional Management: $0
  • Water/Sewer: $4,348

Property Details for 231 W 9Th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Tile
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 13
Lot Information
  • Lot Features: Front Yard, Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 13
  • Parcel Number: 0140221070000
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: East of 215 Freeway, North of 210 Freeway.
Neighborhood Information
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local San Bernardino Agent

Sale History for 231 W 9Th St

Last sold for $1,800,000 on February 16th, 2022

  • September, 2021

  • Sep 30, 2021

    Date

    Price Change

    CRMLS: DW21208717

    $1,750,000

    Price

  • Sep 23, 2021

    Date

    Hold

    CRMLS: DW21208717

    $1,500,000

    Price

  • January, 2018

  • Jan 3, 2018

    Date

    Sold

    CRMLS: CV17231168

    $1,020,000

    Price

  • Dec 19, 2017

    Date

    Pending

    CRMLS: CV17231168

    $1,050,000

    Price

  • Nov 21, 2017

    Date

    Price Change

    CRMLS: CV17231168

    $1,050,000

    Price

  • Nov 17, 2017

    Date

    Active

    CRMLS: CV17231168

    $1,100,000

    Price

  • Nov 17, 2017

    Date

    Active Under Contract

    CRMLS: CV17231168

    $1,100,000

    Price

  • Oct 7, 2017

    Date

    Active

    CRMLS: CV17231168

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    What a fantastic income property! Front house is a large (1,400 square foot) 3 bedroom 2 bath with fireplace and detached 2 car garage. The 12 units are all located in the 2nd building, with 6 units on the main level and 6 units on the 2nd level. Each of the 1 bedroom/1 bath units are very large, averaging 750 square feet each. Vacancies are rare at this property, however when they have occurred, updating to the unit has coincided. Some of these updates include: new windows, new cabinets, new granite counters, new appliances, new lighting, new flooring, new bathrooms, and new paint. All units are in great condition and maintenance is never deferred. Laundry room with leased equipment. 12 covered carports are each assigned to an apartment. This property has been managed very well and maintained in great condition....so much so that all available units are occupied and a waiting list of qualified tenants is on file. The units are much larger than other competing apartments in the area, and rents are all below average. This super value will undoubtedly enhance your income property portfolio.

  • December, 2017

  • Dec 29, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,020,000

    Price

  • September, 2010

  • Sep 7, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 231 W 9Th St

Assessed Value (2020): $1,061,208
Year Land Value Improved Value Assessed Value
2020 $260,100 $801,108 $1,061,208

Home Value Compared to the Market

This property vs the competition

231 W 9Th St sold on February 16, 2022 for 271.13% higher than the current median sold price for the city of San Bernardino which is $485,000. The median sold price per/sqft for San Bernardino is $372 and this home is sold at $172.46 per/sqft which puts the price per square foot 53.64% lower than the current median sale per square foot for the city of San Bernardino.

About 231 W 9Th St

Detailed summary of property

231 W 9Th St is a apartment that recently sold in San Bernardino, CA 92401. This apartment offered 15 bedrooms, 14 bathrooms, roughly 10,437 living square feet, and sits on an approximately 21,900 square foot lot. 231 W 9Th St was first listed on ArdentRealEstateGroup.com on September 22, 2021. The homeowner sold the property for $1,800,000. Home in San Bernardino are selling for a median price of $485,000 and a median price per square foot of $372. Based on Ardent Real Estate Group's San Bernardino Market Data, this home is sold 271.13% higher than the current median priced home. Local homes that are currently for sale include 1553 Dennis Pl, 17061 Whitby Cir and 1210 S Athena Way. While the average home in San Bernardino, CA is selling in 55 days, 231 W 9Th St has a days on market of 17 days. There are currently 420 homes for sale in the San Bernardino real estate market and 385 of them are single family homes while 34 of them are condos and 1 are townhomes. For more information on this home for sale at 231 W 9Th St San Bernardino, CA 92401 contact Ardent Real Estate Group and we will put you in touch with one of our San Bernardino agents.

Public Facts for 231 W 9Th St

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
10,437
Lot Size
21,900
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
San Bernardino
Lot#
7
APN
0140-221-07-0000

The source for these homes facts are from public records.

92401 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$282,000
Median List Price/Sq.Ft.
$300
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
6
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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