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604 W 40th St, San Bernardino, CA 92407
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604 W 40th St San Bernardino, CA 92407

$1,200,000
  • 3 Beds
  • 5.5 Baths
  • 3,536 Sq.Ft.
For Sale
$1,200,000 Get Pre-Qualified
Map preview of 604 W 40th St, San Bernardino, CA 92407

Property Overview: 604 W 40th St San Bernardino, CA has 3 bedrooms, 5.5 bathrooms, 3,536 living square feet and 17,927 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Three Buildings on one parcel…EXTREMELY RARE…HUGE OPPORTUNITY to own a fully renovated and operational Drive Thru Restaurant in north San Bernardino. This restaurant has been updated from the ground up including new electrical, plumbing, and HVAC. Located on the corner of 40th & first this property is highly visible with a tremendous amount of drive-by traffic and ample parking. More: This property also has two additional buildings being rented. Building 1 is duplex with each unit having 1 Bedroom and 1 Bathroom. Each unit is 550 sqft. Building 2 was labeled as an office and is 936 sqft. Currently being rented as a 1 bed 1 and 1/2 bath. Even More: The restaurant Building comes with a professional kitchen with all fire approved permits and with Zoning being Commercial and Mixed use the potential and opportunities are endless. Use or rent the restaurant / drive thru and units or Perfect for an Investor, any small business or Owner with Primary residence. This opportunity is perfect for anyone with a Vision. Contact agent to schedule a showing today!!

Listed by Victor Malone | BRE #01067517 | VICTOR MALONE, BROKER
Last checked: 8 minutes ago | Last updated: June 3rd, 2024 | Source CRMLS | DOM: 111
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Home details

Lot Sq. Ft
17,927
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
CV24104532
City
San Bernardino
County
San Bernardino
Time on Site
118 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: --
  • # of Baths: 2
  • Furnishing: Furnished
  • Total Rent: --
  • Pro Forma/Market Rent: $30,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 15.84%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $492,000
  • Net Operating Income: $245,400
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $174,600
  • Electric: $9,600
  • Gas/Fuel: $4,800
  • Trash: $1,800
  • Insurance: $4,000
  • Water/Sewer: $3,200
  • Other Expenses: $151,200
  • Other Expense Description: Food/Emp

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Property Details for 604 W 40th St

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Hookup
Exterior Features
Exterior Information
  • Roof: Asphalt, Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 0265272110000
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South on Kendall to 40th street then left on 40th. Approximately 3/4 mile down on thee left. Location is on the corner of 40th/First.
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

Local San Bernardino Agent

Sale History for 604 W 40th St

View property's historical transactions

  • May, 2024

  • May 23, 2024

    Date

    Active

    CRMLS: CV24104532

    $160,000

    Price

Tax History for 604 W 40th St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

604 W 40th St is listed 145.21% higher than the median list price for the city of San Bernardino which has a median list price of $489,369. The median price per/sqft for San Bernardino is $348 and this home is listed at $339.37 per/sqft which puts the price per square foot 2.48% lower than the median price per square foot for the city of San Bernardino.

About 604 W 40th St

Detailed summary of property

604 W 40th St is a mixed use located in San Bernardino, CA 92407 and is currently for sale. This mixed use property offers 3 bedrooms, 5.5 bathrooms, roughly 3,536 living square feet, and sits on an approximately 17,927 square foot lot. 604 W 40th St was first listed on ArdentRealEstateGroup.com on May 23, 2024. The homeowner is currently asking $1,200,000 and was originally asking $160,000. The median priced home in San Bernardino is $489,369 with a median price per square foot of $348. Based on Ardent Real Estate Group's San Bernardino Market Data, this home is listed 145.21% higher than the median priced home. Local competing homes currently for sale include 1703 Plaza Del Sur, 2016 Pennsylvania Ave and 2015 Pennsylvania Ave. While the average home in San Bernardino, CA is selling in 58 days, 604 W 40th St has a days on market of 111 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 604 W 40th St 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 604 W 40th St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$589,000
Median List Price/Sq.Ft.
$348
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$329
Total Inventory
130
Median Sale to List Price %
101.87%
Avg Days on Market
46
Loan Type
Conventional (53.57%), FHA (35.71%), VA (0%), Cash (10.71%), 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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