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314 W 5th St, San Bernardino, CA 92401
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314 W 5th St San Bernardino, CA 92401

$860,000 Sold Price as of 12/28/2021
  • 4 Beds
  • 8 Baths
  • 4,400 Sq.Ft.
Sold
$860,000 Sold Price as of 12/28/2021 Refinance Your Mortgage
Map preview of 314 W 5th St, San Bernardino, CA 92401

Property Overview: 314 W 5th St San Bernardino, CA has 4 bedrooms, 8 bathrooms, 4,400 living square feet and 7,450 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: OPENING BID $875.000 - Excellent Cap Rate Potential for the Buyer of this solid income producing property. -If you are looking for a decent cash-on-cash return make sure you check this one out! 8 Unit property with garages and surface parking for tenants. Laundry facility on site. Separate meters for electric & gas. Individual unit water heaters. New roof and other extensive repairs and renovations already completed. Renovated and ready to go for a new investor/owner! Owner is redeploying assets to another project and would like to sell this solid income producing property with a 1031 tax free exchange. Nicely renovated units. - Four occupied units, four units ready for new market rate tenants! Compare the income potential of this property and submit your offer today. Contact listing agent for showing information.

Listed by Alan Zemek | BRE #01887945 | LRS Realty & Management Inc
Co-listed by DONICIA ROMERO | BRE #01948917 | LRS REALTY & MANAGEMENT INC.
Last checked: 12 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 45

Home details

Lot Sq. Ft
7,450
HOA Dues
$0/mo
Year built
1950
Garage
5 Car
Property Type:
Mixed Use
Status
Sold
MLS#
OC21240126
City
San Bernardino
County
San Bernardino
Time on Site
920 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,085
  • Total Rent: $1,085
  • Pro Forma/Market Rent: $1,085
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $102,330
  • Net Operating Income: $68,572
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $24,120
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 314 W 5th St

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: 5
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 0135081320000
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: At 5th St
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local San Bernardino Agent

Sale History for 314 W 5th St

Last sold for $860,000 on December 28th, 2021

  • December, 2021

  • Dec 22, 2021

    Date

    Pending

    CRMLS: OC21240126

    $875,000

    Price

  • August, 2021

  • Aug 11, 2021

    Date

    Expired

    CRMLS: GD21083824

    $1,200,000

    Price

  • Jul 31, 2021

    Date

    Active

    CRMLS: GD21083824

    $1,200,000

    Price

  • Jul 21, 2021

    Date

    Hold

    CRMLS: GD21083824

    $1,200,000

    Price

  • Jul 4, 2021

    Date

    Active

    CRMLS: GD21083824

    $1,200,000

    Price

  • May 11, 2021

    Date

    Hold

    CRMLS: GD21083824

    $1,200,000

    Price

  • Apr 21, 2021

    Date

    Active

    CRMLS: GD21083824

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    This beautiful listing, Eight units, plenty of parking. Please do not disturb tenants ,Sold as is, Beautiful property ,well maintained, Owner spent close to 150K on tenant improvements including City's code corrections and units have been upgraded, all w/permits and supporting docs, currently it's fully occupied for the last 6 months. Don't let this great investment slip away. Once in a life time. Pride of ownership. Excellent investment/Owner user opportunity. Walking distance from shops and transportation. Great return Cap rate 4.99. Good size units. This is great for owner unit or investment, has car garages. This is definitely a very hot, one-of-a-kind

  • November, 2020

  • Nov 21, 2020

    Date

    Leased

    CRMLS: EV20195468

    $895

    Price

  • Oct 5, 2020

    Date

    Pending

    CRMLS: EV20195468

    $895

    Price

  • Oct 3, 2020

    Date

    Active

    CRMLS: EV20195468

    $895

    Price

  • Oct 3, 2020

    Date

    Hold

    CRMLS: EV20195468

    $895

    Price

  • Sep 18, 2020

    Date

    Active

    CRMLS: EV20195468

    $895

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled Studio in the Downtown SB area. units shows very well, clean and ready for occupancy. Vinyl flooring, kitchen with stove and refrigerator, WIFI for tenants, ceiling fans and wall A/C units and 1 car space in the rear for added privacy.

  • September, 2020

  • Sep 18, 2020

    Date

    Leased

    CRMLS: EV20183513

    $1,250

    Price

  • Sep 12, 2020

    Date

    Pending

    CRMLS: EV20183513

    $1,250

    Price

  • Sep 4, 2020

    Date

    Active

    CRMLS: EV20183513

    $1,250

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled 2 bed/ 1 bath apartment in the Downtown SB area. units shows very well, clean and ready for occupancy. Vinyl flooring, kitchen with stove and refrigerator, WIFI for tenants, ceiling fans and wall A/C units and 1 car space in the rear for added privacy.

  • December, 2019

  • Dec 24, 2019

    Date

    Canceled

    CRMLS: PW19244226

    $1,050

    Price

  • Oct 26, 2019

    Date

    Withdrawn

    CRMLS: PW19244226

    $1,050

    Price

  • Oct 18, 2019

    Date

    Price Change

    CRMLS: PW19244226

    $1,050

    Price

  • Oct 16, 2019

    Date

    Active

    CRMLS: PW19244226

    $1,150

    Price

  • Listing provided courtesy of CRMLS

    Fully furnished 1 bedroom 1 bath Apartment, 2nd Floor, with all like new appliances, Washer/Dryer, windows, paint, with 1 car detached Garage.

  • November, 2019

  • Nov 25, 2019

    Date

    Expired

    CRMLS: GD19229901

    $1,259

    Price

  • Oct 28, 2019

    Date

    Withdrawn

    CRMLS: GD19229901

    $1,259

    Price

  • Oct 25, 2019

    Date

    Active

    CRMLS: GD19229901

    $1,259

    Price

  • Sep 27, 2019

    Date

    Hold

    CRMLS: GD19229901

    $1,259

    Price

  • Sep 27, 2019

    Date

    Active

    CRMLS: GD19229901

    $1,259

    Price

  • Listing provided courtesy of CRMLS

    Beautiful apartment unit , Washer/Dryer, with 1 car garage parking. $1250/mo on 12 month lease. $1350/mo on 6 month lease, $1450 for month to month lease.

  • January, 2019

  • Jan 18, 2019

    Date

    Sold

    CRMLS: AR18264969

    $659,000

    Price

  • Dec 27, 2018

    Date

    Pending

    CRMLS: AR18264969

    $695,000

    Price

  • Nov 2, 2018

    Date

    Active

    CRMLS: AR18264969

    $695,000

    Price

  • Listing provided courtesy of CRMLS

    Growth Investment Group is proud to offer 314 W 5th Street, an 8-unit, NON rent-controlled apartment building in the City of San Bernardino. This investment opportunity consists of 8-units composed of 5 studios and 3 – 1bedroom 1 bathroom units. It is located in the Downtown District near City Hall within walking distance to many county/federal jobs located in the San Bernardino court houses, assessor’s office, U.S. social security offices as well as a Superior Courthouse of California. This property provides excellent access to all amenities that the City of San Bernardino has to offer. The property has 1 building consisting of 8 units and a secure indoor entry hallway. Behind the building is comprised of ample parking spaces with 5 single car garages and 5 parking spaces. Each unit is separately metered for electricity and gas. The property has a very attractive unit mix with three 1bed+1bath units and five easy maintenance units that allow the demographics the city has to offer to be very well positioned close to all amenities and jobs.

  • January, 2019

  • Jan 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $659,000

    Price

  • August, 2006

  • Aug 2, 2006

    Date

    Sold (Public Records)

    Public Records

    $599,000

    Price

Show More

Tax History for 314 W 5th St

Assessed Value (2020): $672,180
Year Land Value Improved Value Assessed Value
2020 $90,780 $581,400 $672,180

Home Value Compared to the Market

This property vs the competition

314 W 5th St sold on December 28, 2021 for 82.29% 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 $198.86 per/sqft which puts the price per square foot 45.37% lower than the current median sale per square foot for the city of San Bernardino.

About 314 W 5th St

Detailed summary of property

314 W 5th St is a mixed use that recently sold in San Bernardino, CA 92401. This mixed use property offered 4 bedrooms, 8 bathrooms, roughly 4,400 living square feet, and sits on an approximately 7,450 square foot lot. 314 W 5th St was first listed on ArdentRealEstateGroup.com on November 2, 2021. The homeowner sold the property for $860,000. 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 82.29% higher than the current median priced home. Local homes that are currently for sale include 2120 Sheridan St, 3300 E 8th St and 1202 E Plymouth St. While the average home in San Bernardino, CA is selling in 49 days, 314 W 5th St has a days on market of 45 days. There are currently 378 homes for sale in the San Bernardino real estate market and 340 of them are single family homes while 36 of them are condos and 2 are townhomes. For more information on this home for sale at 314 W 5th 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 314 W 5th St

Public county record property details
Beds
--
Baths
--
Year built
1950
Sq. Ft.
4,400
Lot Size
7,450
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
San Bernardino
Lot#
1
APN
0135-081-32-0000

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
$235,000
Median List Price/Sq.Ft.
$252
Median Sold Price
$257,500
Median Sold Price/Sq.Ft.
$277
Total Inventory
5
Median Sale to List Price %
103%
Avg Days on Market
1
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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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