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25588 9th St, San Bernardino, CA 92410
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25588 9th St San Bernardino, CA 92410

$715,000 Sold Price as of 01/19/2021
  • 12 Beds
  • 8 Baths
  • 6,450 Sq.Ft.
Sold
$715,000 Sold Price as of 01/19/2021 Refinance Your Mortgage
Map preview of 25588 9th St, San Bernardino, CA 92410

Property Overview: 25588 9th St San Bernardino, CA has 12 bedrooms, 8 bathrooms, 6,450 living square feet and 22,651 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: INVESTMENT HIGHLIGHTS: Offering Actual CAP rate of 6.01% with a Proforma CAP rate of 6.82%. Offering an Actual GRM rate of 8.76 with a Proforma GRM rate of 8.17. 2 Units (Duplex) new construction being built in 2020, in addition (2) other units completely renovated including new roof. Located near employment, shopping and schools. Multi-use with available retail frontages. Ideal for for owner/user or leasing out vacant space to increase income. The 9th Street Apartments are located between the major cross streets of Del Rosa & Sterling Ave. This 6-unit complex sits on 0.52 acres and is composed of; (1) 1 Bedroom 1 Bath, (2) 2 Bedroom 1 Bath, (1) 3 Bedroom 1 Bath, (1) 4 Bedroom 2 Bath (SFR), and (1) 1,800 Sqft. Retail building in front of the property. The owner recently built a duplex and completely renovated 2 additional units. The tenants have access to a community pool and onsite parking. This centralized location provides easy access to schools, major employers such as San Manuel Indian Casino, Amazon Distribution Centers, and San Bernardino International Airport. This apartment community has been well maintained throughout ownership. Scheduled maintenance, quality updates and improvements have always been a priority for the owner. The repairs of the property have been done as necessary, on time, and without deferred maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.

Listed by ALBERT LE | BRE #01468313 | LE INVESTMENT GROUP
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 64

Home details

Lot Sq. Ft
22,651
HOA Dues
$0/mo
Year built
1946
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
IV20236249
City
San Bernardino
County
San Bernardino
Time on Site
1286 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,150
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,050
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.82%
  • Gross Rent Multiplier: 8.17
  • Gross Scheduled Income: $97,800
  • Net Operating Income: $54,464
  • Gross Operating Income: $90,954
  • Vacancy Allowance: $6,846
Annual Expense Breakdown
  • Total Operating Expense: $36,490
  • Electric: $2,400
  • Gas/Fuel: $2,400
  • Licenses: $1,200
  • New Taxes: $10,352
  • Trash: $2,400
  • Gardener: $600
  • Insurance: $2,900
  • Maintenance: $4,548
  • Professional Management: $4,890
  • Water/Sewer: $2,400
  • Other Expenses: $1,200
  • Other Expense Description: Admin

Property Details for 25588 9th St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community, Fenced
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Driveway, Asphalt
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 0278131180000
  • Year Built Source: Assessor
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 210 Fwy, exit Del Rosa Dr go south, east on 9th st
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

Local San Bernardino Agent

Sale History for 25588 9th St

Last sold for $715,000 on January 19th, 2021

  • January, 2021

  • Jan 20, 2021

    Date

    Sold

    CRMLS: IV20236249

    $715,000

    Price

  • Jan 14, 2021

    Date

    Pending

    CRMLS: IV20236249

    $799,000

    Price

  • Dec 8, 2020

    Date

    Active

    CRMLS: IV20236249

    $799,000

    Price

  • Nov 22, 2020

    Date

    Active Under Contract

    CRMLS: IV20236249

    $799,000

    Price

  • Nov 9, 2020

    Date

    Active

    CRMLS: IV20236249

    $799,000

    Price

  • January, 2021

  • Jan 19, 2021

    Date

    Sold (Public Records)

    Public Records

    $715,000

    Price

  • November, 2019

  • Nov 6, 2019

    Date

    Sold (Public Records)

    Public Records

    $120,000

    Price

Show More

Tax History for 25588 9th St

Assessed Value (2020): $120,000
Year Land Value Improved Value Assessed Value
2020 $75,000 $45,000 $120,000

Home Value Compared to the Market

This property vs the competition

25588 9th St sold on January 19, 2021 for 66.46% higher than the current median sold price for the city of San Bernardino which is $480,000. The median sold price per/sqft for San Bernardino is $364 and this home is sold at $123.88 per/sqft which puts the price per square foot 65.97% lower than the current median sale per square foot for the city of San Bernardino.

About 25588 9th St

Detailed summary of property

25588 9th St is a multi family that recently sold in San Bernardino, CA 92410. This multi family property offered 12 bedrooms, 8 bathrooms, roughly 6,450 living square feet, and sits on an approximately 22,651 square foot lot. 25588 9th St was first listed on ArdentRealEstateGroup.com on November 10, 2020. The homeowner sold the property for $715,000. Home in San Bernardino are selling for a median price of $480,000 and a median price per square foot of $364. Based on Ardent Real Estate Group's San Bernardino Market Data, this home is sold 66.46% higher than the current median priced home. Local homes that are currently for sale include 8383 Hemlock Ave, 7421 Mount Vernon St and 14172 Arrow Blvd. While the average home in San Bernardino, CA is selling in 48 days, 25588 9th St has a days on market of 64 days. There are currently 399 homes for sale in the San Bernardino real estate market and 355 of them are single family homes while 42 of them are condos and 2 are townhomes. For more information on this home for sale at 25588 9th 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 25588 9th St

Public county record property details
Beds
--
Baths
--
Year built
1946
Sq. Ft.
1,032
Lot Size
15,562
Stories
1
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
San Bernardino
Lot#
--
APN
0278-131-18-0000

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
$449,000
Median List Price/Sq.Ft.
$356
Median Sold Price
$440,000
Median Sold Price/Sq.Ft.
$365
Total Inventory
44
Median Sale to List Price %
103.65%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (37.5%), 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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