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242 E Hospitality Ln, San Bernardino, CA 92408
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242 E Hospitality Ln San Bernardino, CA 92408

$1,690,000 Sold Price as of 05/19/2021
  • -- Beds
  • -- Baths
  • 5,138 Sq.Ft.
Sold
$1,690,000 Sold Price as of 05/19/2021 Refinance Your Mortgage
Map preview of 242 E Hospitality Ln, San Bernardino, CA 92408

Property Overview: 242 E Hospitality Ln San Bernardino, CA has -- bedrooms, -- bathrooms, 5,138 living square feet and 39,047 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Star Crab MGR Real Estate is pleased to offer this prime investment opportunity located at 242 E. Hospitality Lane in San Bernardino, California. The subject property is a freestanding restaurant (Star Crab), approximately 5,138 square-foot building situated on approximately 39,047 square-foot lot with easy ingress/egress and abundance of parking @ 6.22/1,000 SF parking ratio. The property was originally built in 1979 and was completely renovated in 2017 with major improvements to the interior and exterior of the building, including new roof in 2019. It's a must see!! The subject property is in the Hospitality Lane corridor of Restaurant Row for the region and the office hub for major companies. The property is across the street from La Quinta Inn and Hilton Hotels, and surrounded by National Food Retailers , including Red Lobster, I HOP, Claim Jumper, EL Torito, Lotus Gardens, Black A ngus, and King Chinese Buffet. Excellent access to the I-10 & I-215 Freeways and just west of the Waterman A venue thoroughfare.

Listed by FREDDY BARAJAS | BRE #01994577 | MGR REAL ESTATE, INC.
Co-listed by WARREN SALI | BRE #01144859 | M G R REAL ESTATE
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 426

Home details

Lot Sq. Ft
39,047
HOA Dues
$0/mo
Year built
1979
Garage
--
Property Type:
Retail
Status
Sold
MLS#
CV20061148
City
San Bernardino
County
San Bernardino
Time on Site
1380 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 242 E Hospitality Ln

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 0141412300000
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Excellent access to the I-10 & I-215 Freeways and just west of the Waterman A venue thoroughfare.
View more facts & features

Local San Bernardino Agent

Sale History for 242 E Hospitality Ln

Last sold for $1,690,000 on May 19th, 2021

  • May, 2021

  • May 19, 2021

    Date

    Sold

    CRMLS: CV20061148

    $1,690,000

    Price

  • Mar 21, 2020

    Date

    Active

    CRMLS: CV20061148

    $1,800,000

    Price

  • November, 2019

  • Nov 2, 2019

    Date

    Expired

    CRMLS: CV18132728

    $1,699,000

    Price

  • Dec 19, 2018

    Date

    Price Change

    CRMLS: CV18132728

    $1,699,000

    Price

  • Jun 5, 2018

    Date

    Active

    CRMLS: CV18132728

    $1,799,000

    Price

  • Listing provided courtesy of CRMLS

    MGR Real Estate is pleased to offer this prime investment opportunity located at 242 E. Hospitality Lane in San Bernardino, California. The subject property is a freestanding restaurant (Star Crab), approximately 5,138 square-foot building situated on approximately 39,047 square-foot lot with easy ingress/egress and abundance of parking @ 6.22/1,000 SF parking ratio. The property was originally built in 1979 and was completely renovated in 2017 with major improvements to the interior and exterior of the building. It's a must see!! Current tenant has 4-years remaining on his 5-year triple-net lease with 4 percent yearly increase, including the two five-year option periods. The subject property is in the Hospitality Lane corridor of Restaurant Row for the region and the office hub for major companies. The property is across the street from La Quinta Inn and Hilton Hotels, and surrounded by National Food Retailers , including Red Lobster, I HOP, Claim Jumper, EL Torito, Lotus Gardens, Black Angus, and King Chinese Buffet. Excellent access to the I-10 & I-215 Freeways and just west of the Waterman Avenue thoroughfare.

  • July, 2019

  • Jul 15, 2019

    Date

    Canceled

    CRMLS: IV18235638

    $1,699,000

    Price

  • Dec 19, 2018

    Date

    Price Change

    CRMLS: IV18235638

    $1,699,000

    Price

  • Oct 26, 2018

    Date

    Price Change

    CRMLS: IV18235638

    $1,750,000

    Price

  • Sep 27, 2018

    Date

    Active

    CRMLS: IV18235638

    $1,799,000

    Price

  • Listing provided courtesy of CRMLS

    The subject property is a freestanding restaurant (Star Crab), approximately 5,138 square-foot building situated on approximately 39,047 square-foot lot with easy ingress/egress and abundance of parking @ 6.22/1,000 SF parking ratio. The property was originally built in 1979 and was completely renovated in 2017 with major improvements to the interior and exterior of the building

  • August, 2017

  • Aug 18, 2017

    Date

    Canceled

    CRMLS: SW16764946

    $1,645,000

    Price

  • Jul 13, 2017

    Date

    Active Under Contract

    CRMLS: SW16764946

    $1,645,000

    Price

  • Mar 27, 2017

    Date

    Price Change

    CRMLS: SW16764946

    $1,645,000

    Price

  • Mar 18, 2017

    Date

    Price Change

    CRMLS: SW16764946

    $1,480,000

    Price

  • Dec 18, 2016

    Date

    Active

    CRMLS: SW16764946

    $1,798,000

    Price

  • Listing provided courtesy of CRMLS

    An Attractive 5,138 square feet Building. Current one tenant DBA Star Crab Restaurant. Long term Net lease. This is investment property located in busy street of Hospitality where most high-end major Restaurants & Hotels in Town. Nearby restaurants such as Claim jumper, Black Angus, Lotus Garden, King Chinese Buffer and well known Hotels such as Hilton Hotel, La Quinta Inn...Building is standing on a lot nearly one acre ( 39,047), Plenty parking on the side & back of Building. Visible frontage street access freeway 10 & 215 so attract more customers drive by or walk in.

  • August, 2016

  • Aug 10, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,275,000

    Price

  • July, 1996

  • Jul 5, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 242 E Hospitality Ln

Assessed Value (2020): $1,353,040
Year Land Value Improved Value Assessed Value
2020 $424,483 $928,557 $1,353,040

Home Value Compared to the Market

This property vs the competition

242 E Hospitality Ln sold on May 19, 2021 for 289.61% higher than the current median sold price for the city of San Bernardino which is $462,000. The median sold price per/sqft for San Bernardino is $343 and this home is sold at $350.33 per/sqft which puts the price per square foot 2.14% higher than the current median sale per square foot for the city of San Bernardino.

About 242 E Hospitality Ln

Detailed summary of property

242 E Hospitality Ln is a retail that recently sold in San Bernardino, CA 92408. This retail property offered -- bedrooms, -- bathrooms, roughly 5,138 living square feet, and sits on an approximately 39,047 square foot lot. 242 E Hospitality Ln was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,690,000. Home in San Bernardino are selling for a median price of $462,000 and a median price per square foot of $343. Based on Ardent Real Estate Group's San Bernardino Market Data, this home is sold 289.61% higher than the current median priced home. Local homes that are currently for sale include 3020 W Slauson Ave and 2729 S Robertson Blvd. While the average home in San Bernardino, CA is selling in 51 days, 242 E Hospitality Ln has a days on market of 426 days. There are currently 381 homes for sale in the San Bernardino real estate market and 340 of them are single family homes while 39 of them are condos and 2 are townhomes. For more information on this home for sale at 242 E Hospitality Ln San Bernardino, CA 92408 contact Ardent Real Estate Group and we will put you in touch with one of our San Bernardino agents.

Public Facts for 242 E Hospitality Ln

Public county record property details
Beds
--
Baths
--
Year built
1979
Sq. Ft.
5,138
Lot Size
39,047
Stories
1
Type
Restaurant
Pool
No
Spa
No
County
San Bernardino
Lot#
1
APN
0141-412-30-0000

The source for these homes facts are from public records.

92408 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$521,800
Median List Price/Sq.Ft.
$379
Median Sold Price
$425,000
Median Sold Price/Sq.Ft.
$419
Total Inventory
12
Median Sale to List Price %
98.86%
Avg Days on Market
3
Loan Type
Conventional (100%), 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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