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4008 Newmark Ave San Bernardino, CA 92407

$900,000 Sold Price as of 11/09/2021

8 Beds
4 Baths
3,042 Sq.Ft.

Sold

$900,000 Sold Price as of 11/09/2021 Refinance Your Mortgage

Map preview of 4008 Newmark Ave, San Bernardino, CA 92407

Property Overview: 4008 Newmark Ave San Bernardino, CA has 8 bedrooms, 4 bathrooms, 3,042 living square feet and 13,916 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment property set in an accessible neighborhood with gorgeous mountain views. Unit A & D remodeled 2020, Unit B&C some upgrades. Each unit has 2 bedrooms and a full bathroom with a tub. Remodel in Unit A includes new Cabinetry, new insulation, new drywall and texture, Fresh top quality paint, New doors, new bath vanity, New faucets and toilet. 2014-2015 Building was remodeled including windows, Three New Air Conditioners. Exterior is landscaped with automatic sprinklers. This building has been well cared for and is in good condition. Park-like property; a great setting for this incredible property, lends itself to long term tenancy and value. Buyer to verify square footage and year built. All units are similar in size. Utilities are with the city. Property has separate gas and electric meters. Landlord currently pays for water, trash and sewer. 4 covered parking spots, plus 2 spots uncovered spots. This property is tenant occupied and there is no For Sale sign. Please do not disturb tenants under any circumstances. Please call listing agent for additional information. All offers subject to inspection of units.

Listed by Carole Lee | BRE #01966905 | New Star Realty & Investment

Last checked: 46 seconds ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 59

Home details

Lot Sq. Ft: 13,916
HOA Dues: $0/mo
Year built: 1985
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: PW21091500
City: San Bernardino
County: San Bernardino
Time on Site: 1093 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 1

Unit Breakdown 1

# of Units: 4
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $5,075
Total Rent: $5,075
Pro Forma/Market Rent: $5,900

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 14.78
Gross Scheduled Income: $60,900
Net Operating Income: $44,183
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $16,717
Electric: $0
New Taxes: $11,250
Trash: $1,867
Insurance: $2,500
Water/Sewer: $3,600

Property Details for 4008 Newmark Ave

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

No Laundry
None

Fireplace Information

No Fireplace
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Carport

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 4
Parcel Number: 0154643050000
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: GPSCorner of Newmark and 40th Street

Neighborhood Information

Community Features: Urban

View more facts & features

Local San Bernardino Agent

Sale History for 4008 Newmark Ave

Last leased for $1,750 on February 28th, 2023

May, 2023
May 23, 2023

Date

Canceled

CRMLS: PW23060840

$975,000

Price
Apr 12, 2023

Date

Active

CRMLS: PW23060840

$975,000

Price
Listing provided courtesy of CRMLS

Great Investor Opportunity!!! 4 Units each featuring two beds and one bath. The property set in an accessible neighborhood with beautiful mountain view.

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February, 2023
Feb 28, 2023

Date

Leased

CRMLS: PW23005679

$1,750

Price
Jan 12, 2023

Date

Active

CRMLS: PW23005679

$1,800

Price
Listing provided courtesy of CRMLS

Ready to Move-In. The property set in an accessible neighborhood with beautiful mountain view.

Continue Reading
July, 2021
Jul 8, 2021

Date

Pending

CRMLS: PW21091500

$925,000

Price
Jul 2, 2021

Date

Price Change

CRMLS: PW21091500

$925,000

Price
Jun 30, 2021

Date

Active

CRMLS: PW21091500

$900,000

Price
Jun 15, 2021

Date

Pending

CRMLS: PW21091500

$900,000

Price
Apr 30, 2021

Date

Active

CRMLS: PW21091500

$900,000

Price
March, 2021
Mar 6, 2021

Date

Sold

CRMLS: CV20158115

$689,000

Price
Oct 31, 2020

Date

Pending

CRMLS: CV20158115

$689,000

Price
Oct 1, 2020

Date

Price Change

CRMLS: CV20158115

$689,000

Price
Sep 24, 2020

Date

Price Change

CRMLS: CV20158115

$693,000

Price
Aug 6, 2020

Date

Active

CRMLS: CV20158115

$698,000

Price
Listing provided courtesy of CRMLS

Investment property set in an accessible neighborhood with gorgeous mountain views. Unit A remodeled 2020, Unit B,C&D some upgrades. Each unit has 2 bedrooms and a full bathroom with a tub. Remodel in Unit A includes new Cabinetry, new insulation, new drywall and texture, Fresh top quality paint, New doors, new bath vanity, New faucets and toilet. 2014-2015 Building was remodeled including windows, Three New Trane Air Conditioners. Exterior is landscaped with automatic sprinklers. This building has been well cared for and is in good condition. Park-like property; a great setting for this incredible property, lends itself to long term tenancy and value. Buyer to verify square footage and year built. All units are similar in size. Utilities are with the city. Property has separate gas and electric meters. Landlord currently pays for water, trash and sewer. 4 covered parking spots, plus 2 spots uncovered spots. This property is tenant occupied and there is no For Sale sign. Please do not disturb tenants under any circumstances. Please call listing agent for additional information. All offers subject to inspection of units.

Continue Reading
September, 1996
Sep 3, 1996

Date

Sold (Public Records)

Public Records

$90,000

Price
March, 1996
Mar 5, 1996

Date

Sold (Public Records)

Public Records

$100,324

Price

Tax History for 4008 Newmark Ave

Assessed Value (2020): $133,450

Year	Land Value	Improved Value	Assessed Value
2020	$37,232	$96,218	$133,450

Home Value Compared to the Market

This property vs the competition

4008 Newmark Ave sold on November 9, 2021 for 92.71% 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 $304.08 per/sqft which puts the price per square foot 16.46% lower than the current median sale per square foot for the city of San Bernardino.

About 4008 Newmark Ave

Detailed summary of property

4008 Newmark Ave is a multi family that recently sold in San Bernardino, CA 92407. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,042 living square feet, and sits on an approximately 13,916 square foot lot. 4008 Newmark Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $900,000. 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 92.71% higher than the current median priced home. Local homes that are currently for sale include 2431 12th St, 5337 La Sierra Ave and 607 S Plum Ave. While the average home in San Bernardino, CA is selling in 49 days, 4008 Newmark Ave has a days on market of 59 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 4008 Newmark Ave San Bernardino, CA 92407 contact Ardent Real Estate Group and we will put you in touch with one of our San Bernardino agents.

Public Facts for 4008 Newmark Ave

Public county record property details

Beds: --
Baths: --
Year built: 1985
Sq. Ft.: 2,944
Lot Size: 13,916
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: San Bernardino
Lot#: --
APN: 0154-643-05-0000

The source for these homes facts are from public records.

92407 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$573,900

Median List Price/Sq.Ft.

$358

Median Sold Price

$545,000

Median Sold Price/Sq.Ft.

$354

Total Inventory

111

Median Sale to List Price %

102.83%

Avg Days on Market

Loan Type

Conventional (57.5%), FHA (17.5%), VA (10%), Cash (5%), Other (10%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(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.