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2936 Loma Ave, San Bernardino, CA 92404
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2936 Loma Ave San Bernardino, CA 92404

$7,400,000 Sold Price as of 06/06/2019
  • 160 Beds
  • 80 Baths
  • 60,620 Sq.Ft.
Sold
$7,400,000 Sold Price as of 06/06/2019 Refinance Your Mortgage
Map preview of 2936 Loma Ave, San Bernardino, CA 92404

Property Overview: 2936 Loma Ave San Bernardino, CA has 160 bedrooms, 80 bathrooms, 60,620 living square feet and 96,704 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The San Bernardino Portfolio consist of two 40 unit apartment complexes located at 2936 Loma Ave & 2935 Mountain Ave in the City of San Bernardino. The property is well positioned to take advantage of strong population growth and job creation in the Inland Empire. The recent growth of economic drivers in the region have resulted in strong rent growth and tightening occupancies in the Mutifamily market. The region is connected to the great Inland Empire metropolitan area and is the home to California State University San Bernardino which serves more than 20,000 students annually. The property is comprised of eight two story buildings which contain 60,620 square feet of rentable area on 96,704 square feet of land. Priced at below replacement value. The apartments have wall units and central heating/air conditioning, hardwood and carpeted units, vertical blinds, ceiling fans and private patio/balconies on selected units. residents pay for gas and electricity which are individually metered and each unit has individual water heaters.

Listed by Edwin Mariscal | BRE #01119480 | Edwin Mariscal, Broker
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 89

Home details

Lot Sq. Ft
96,704
HOA Dues
$0/mo
Year built
1984
Garage
80 Car
Property Type:
Apartment
Status
Sold
MLS#
DW18282229
City
San Bernardino
County
San Bernardino
Time on Site
1383 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 80
  • Total # of Buildings: 8
  • # of Electric Meters: 82
  • # of Gas Meters: 83
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 20
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $940
  • Total Rent: $18,800
  • Pro Forma/Market Rent: $24,000
Unit Breakdown 2
  • # of Units: 40
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $775
  • Total Rent: $31,000
  • Pro Forma/Market Rent: $36,000
Unit Breakdown 3
  • # of Units: 20
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $675
  • Total Rent: $13,500
  • Pro Forma/Market Rent: $15,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.22%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $760,000
  • Net Operating Income: $472,870
  • Gross Operating Income: $737,200
  • Laundry Income: $2,400
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $264,330
  • Electric: $3,100
  • Gas/Fuel: $1,800
  • New Taxes: $95,680
  • Trash: $5,960
  • Insurance: $18,600
  • Professional Management: $30,000
  • Water/Sewer: $42,000

Property Details for 2936 Loma Ave

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 80
  • # of Parking Spaces: 160
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 36-40 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 80
  • Parcel Number: 0155451070000
  • Year Built Source: Assessor
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of 210 Fwy. East of Del Rosa
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local San Bernardino Agent

Sale History for 2936 Loma Ave

Last sold for $7,400,000 on June 6th, 2019

  • June, 2019

  • Jun 10, 2019

    Date

    Sold

    CRMLS: DW18282229

    $7,400,000

    Price

  • Mar 20, 2019

    Date

    Withdrawn

    CRMLS: DW18282229

    $7,999,999

    Price

  • Feb 27, 2019

    Date

    Active Under Contract

    CRMLS: DW18282229

    $7,999,999

    Price

  • Nov 29, 2018

    Date

    Active

    CRMLS: DW18282229

    $7,999,999

    Price

  • May, 2019

  • May 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $7,300,000

    Price

  • April, 2017

  • Apr 21, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,258,297

    Price

Show More

Tax History for 2936 Loma Ave

Assessed Value (2020): $4,029,000
Year Land Value Improved Value Assessed Value
2020 $397,800 $3,631,200 $4,029,000

Home Value Compared to the Market

This property vs the competition

2936 Loma Ave sold on June 6, 2019 for 1566.67% 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 $131.97 per/sqft which puts the price per square foot 63.74% lower than the current median sale per square foot for the city of San Bernardino.

About 2936 Loma Ave

Detailed summary of property

2936 Loma Ave is a apartment that recently sold in San Bernardino, CA 92404. This apartment offered 160 bedrooms, 80 bathrooms, roughly 60,620 living square feet, and sits on an approximately 96,704 square foot lot. 2936 Loma Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $7,400,000. 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 1566.67% higher than the current median priced home. Local homes that are currently for sale include 654 E 24th St, 264 S Union Ave and 264 S Union Ave. While the average home in San Bernardino, CA is selling in 50 days, 2936 Loma Ave has a days on market of 89 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 2936 Loma Ave San Bernardino, CA 92404 contact Ardent Real Estate Group and we will put you in touch with one of our San Bernardino agents.

Public Facts for 2936 Loma Ave

Public county record property details
Beds
--
Baths
--
Year built
1984
Sq. Ft.
28,424
Lot Size
48,482
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
Yes
County
San Bernardino
Lot#
7
APN
0155-451-07-0000

The source for these homes facts are from public records.

92404 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$499,950
Median List Price/Sq.Ft.
$319
Median Sold Price
$497,000
Median Sold Price/Sq.Ft.
$327
Total Inventory
115
Median Sale to List Price %
103.56%
Avg Days on Market
19
Loan Type
Conventional (42.42%), FHA (36.36%), VA (6.06%), Cash (9.09%), Other (6.06%)

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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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