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236 E 48th St, San Bernardino, CA 92679
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236 E 48th St San Bernardino, CA 92679

$3,300,000
  • 27 Beds
  • 23 Baths
  • 12,014 Sq.Ft.
For Sale
$3,300,000 Get Pre-Qualified
Map preview of 236 E 48th St, San Bernardino, CA 92679

Property Overview: 236 E 48th St San Bernardino, CA has 27 bedrooms, 23 bathrooms, 12,014 living square feet and 29,501 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: PRIDE OF OWNERSHIP !!!! Consisting of 20 units in excellent condition , the current owner has made it a priority to perform routine maintenance and create a strong community cohesion , the manager onsite was tasked with renting to well qualify tenants which has resulted in far less turnover when compared to neighboring apartments and with plenty of room to increase rents. This 20 unit complex is composed of a very desirable unit mix of one three bedrooms ,five two bedrooms and 14 one bedrooms . All units have free standing stoves , separate washer and dryer room for extra income. Located 5 minutes away from Cal State San Bernardino this property offers an outstanding investment opportunity for investors seeking to capitalize on the growing demand for student housing AND FOR THE CHERRY ON TOP THE EXISTING LOAN IS ASSUMABLE !!!!!! SELLER HAS GIVING NOTICE TO ALL TENNANTS AND BEGINNING MAY 1ST ALL RENTS ARE INCREASE 9.40%

Listed by Evelyn Waidhofer | BRE #00972179 | Classic Investments
Last checked: 8 minutes ago | Last updated: May 4th, 2024 | Source CRMLS | DOM: 131
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Home details

Lot Sq. Ft
29,501
HOA Dues
$0/mo
Year built
1985
Garage
--
Property Type:
Apartment
Status
Active
MLS#
DW23230842
City
San Bernardino
County
San Bernardino
Time on Site
134 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
  • # of Electric Meters: 21
  • # of Gas Meters: 21
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $925
  • Pro Forma/Market Rent: $825
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $950
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 7
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,050
  • Total Rent: $4,050
  • Pro Forma/Market Rent: $4,050
Unit Breakdown 8
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,475
  • Total Rent: $5,475
  • Pro Forma/Market Rent: $5,475
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $950
Unit Breakdown 13
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $300,405
  • Net Operating Income: $220,198
  • Gross Operating Income: --
  • Laundry Income: $2,400
  • Laundry Own/Lease: Lease
  • Other Income Description: laundry
Annual Expense Breakdown
  • Total Operating Expense: $80,207
  • Electric: $852
  • Gas/Fuel: $0
  • New Taxes: $47,375
  • Trash: $4,140
  • Insurance: $13,200
  • Professional Management: $0
  • Water/Sewer: $8,340
  • Other Expenses: $6,300
  • Other Expense Description: laundry

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Property Details for 236 E 48th St

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 24
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 20
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Private Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 48th Street and Sierra Madre
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local San Bernardino Agent

Sale History for 236 E 48th St

View property's historical transactions

  • January, 2024

  • Jan 4, 2024

    Date

    Active

    CRMLS: DW23230842

    $3,790,000

    Price

Tax History for 236 E 48th St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

236 E 48th St is listed 561.32% higher than the median list price for the city of San Bernardino which has a median list price of $499,000. The median price per/sqft for San Bernardino is $347 and this home is listed at $274.68 per/sqft which puts the price per square foot 20.84% lower than the median price per square foot for the city of San Bernardino.

About 236 E 48th St

Detailed summary of property

236 E 48th St is a apartment located in San Bernardino, CA 92679 and is currently for sale. This apartment offers 27 bedrooms, 23 bathrooms, roughly 12,014 living square feet, and sits on an approximately 29,501 square foot lot. 236 E 48th St was first listed on ArdentRealEstateGroup.com on January 4, 2024. The homeowner is currently asking $3,300,000 and was originally asking $3,790,000. The median priced home in San Bernardino is $499,000 with a median price per square foot of $347. Based on Ardent Real Estate Group's San Bernardino Market Data, this home is listed 561.32% higher than the median priced home. Local competing homes currently for sale include 1551 W Ball Rd, 12702 Morningside Ave and 12621 Morningside Ave. While the average home in San Bernardino, CA is selling in 50 days, 236 E 48th St has a days on market of 131 days. There are currently 380 homes for sale in the San Bernardino real estate market and 340 of them are single family homes while 38 of them are condos and 2 are townhomes. For more information on this home for sale at 236 E 48th St San Bernardino, CA 92679 contact Ardent Real Estate Group and we will put you in touch with one of our San Bernardino agents.

Public Facts for 236 E 48th St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92679 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,499,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$1,700,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
63
Median Sale to List Price %
100%
Avg Days on Market
15
Loan Type
Conventional (46.51%), FHA (4.65%), VA (2.33%), Cash (23.26%), Other (20.93%)

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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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