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507 S Mount Vernon Ave, San Bernardino, CA 92410
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507 S Mount Vernon Ave San Bernardino, CA 92410

$656,000 Sold Price as of 05/07/2024
  • -- Beds
  • -- Baths
  • 3,104 Sq.Ft.
Sold
$656,000 Sold Price as of 05/07/2024 Refinance Your Mortgage
Map preview of 507 S Mount Vernon Ave, San Bernardino, CA 92410

Property Overview: 507 S Mount Vernon Ave San Bernardino, CA has -- bedrooms, -- bathrooms, 3,104 living square feet and 16,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back to Market!!! PRICE REDUCED Again and Again for a Quick Sale!!! Selling its Location, Location and Location!!! Excellent Corner Location with a possible Redevelopment opportunity which is located in the SE Corner of a busy Mt. Vernon Ave and Mill St. The building size is 3,104 sq.ft. on lot size 16,500sq.ft. with a ample parking spaces which is opposite side of McDonald's Hamburger on the same Mt. Vernon Ave. This property is for sale first time in the market in 40 years long. Current 3 tenants are using 4 units of the building. Tenant of Unit A (Tax Office) lease is expired and month-to-month lease and Unit B & C leased by one tenant (restaurants) lease to be expired during coming Aug. 2022. The unit D on Mill Street (With Green painted outside) was another restaurant, but it is no tenant now after the unit D was burned out inside only by a electric shock inside the unit D. The space of unit D is for buyer's choice about the future usage after repair it inside. There is a good chance of redevelopment/remodeling the property and making a chance of raising the monthly rent income increase to the curent market level. The seller is selling it as "As-Is and In Its Current Condition". It is easy to access to FWY 215 & 10, it also located near from the downtown of San Bernardino City.

Listed by Jason Hong | BRE #00863293 | Team Spirit Realty
Last checked: 14 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 842

Home details

Lot Sq. Ft
16,500
HOA Dues
$0/mo
Year built
1975
Garage
--
Property Type:
Retail
Status
Sold
MLS#
RS21253095
City
San Bernardino
County
San Bernardino
Time on Site
1032 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,300
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,300
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • Laundry Income: $0
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $0
  • Trash: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 507 S Mount Vernon Ave

Interior Features
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Shingle
  • No Fence
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 18
Lot Information
  • Lot Features: Corner Lot, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 0141031430000
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: FWY 215, Exit at Mill St. go West a mile, SE Corner of Mt. Vernon Ave & Mill St.
View more facts & features

Local San Bernardino Agent

Sale History for 507 S Mount Vernon Ave

Last sold for $656,000 on May 7th, 2024

  • December, 2021

  • Dec 1, 2021

    Date

    Hold

    CRMLS: RS21253095

    $1,198,000

    Price

Tax History for 507 S Mount Vernon Ave

Assessed Value (2020): $423,109
Year Land Value Improved Value Assessed Value
2020 $141,562 $281,547 $423,109

Home Value Compared to the Market

This property vs the competition

507 S Mount Vernon Ave sold on May 7, 2024 for 52% higher than the current median sold price for the city of San Bernardino which is $500,000. The median sold price per/sqft for San Bernardino is $361 and this home is sold at $244.85 per/sqft which puts the price per square foot 32.18% lower than the current median sale per square foot for the city of San Bernardino.

About 507 S Mount Vernon Ave

Detailed summary of property

507 S Mount Vernon Ave is a retail that recently sold in San Bernardino, CA 92410. This retail property offered -- bedrooms, -- bathrooms, roughly 3,104 living square feet, and sits on an approximately 16,500 square foot lot. 507 S Mount Vernon Ave was first listed on ArdentRealEstateGroup.com on November 21, 2021. The homeowner sold the property for $656,000. Home in San Bernardino are selling for a median price of $500,000 and a median price per square foot of $361. Based on Ardent Real Estate Group's San Bernardino Market Data, this home is sold 52% higher than the current median priced home. While the average home in San Bernardino, CA is selling in 58 days, 507 S Mount Vernon Ave has a days on market of 842 days. There are currently 449 homes for sale in the San Bernardino real estate market and 407 of them are single family homes while 38 of them are condos and 4 are townhomes. For more information on this home for sale at 507 S Mount Vernon Ave 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 507 S Mount Vernon Ave

Public county record property details
Beds
--
Baths
--
Year built
1975
Sq. Ft.
3,104
Lot Size
16,500
Stories
--
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
San Bernardino
Lot#
1
APN
0141-031-43-0000

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
$450,000
Median List Price/Sq.Ft.
$378
Median Sold Price
$455,000
Median Sold Price/Sq.Ft.
$377
Total Inventory
53
Median Sale to List Price %
103.64%
Avg Days on Market
25
Loan Type
Conventional (27.27%), FHA (18.18%), VA (0%), Cash (18.18%), Other (18.18%)

Thinking of Selling?

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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.

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