2991 Mountain Ave
San Bernardino, CA 92404

Bd   Ba   28,599 Sqft   218 Days
Highlights: Competitive Offering CAP Rate of 6.21 %, Competitive Offering Actual GRM of 8.80, Rental Comparables Illustrate a 97 % Occupancy Area, 7% - 8% Upside In Potential Rental Income, the property offers Gated, Covered Parking wioth Many Interior Units Having Been Updated. BBQ / Pool Area, Onsite Laundry, Non-Rent Control Community & Area. The Mountain Avenue Apartments are situated on a large 1.11 acre lot . This forty unit apartment community is composed of 20 one bedroom / one bathroom units and 20 two bedroom / one bathroom units. The property has had numerous interior and exterior updates. Contact for the full offering. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area.
  • MLS#IV16702048 provided by ALBERT LE of LE INVESTMENT GROUP
  • Movoto last checked CRMLS for new data 1 hour ago
  • CRMLS last updated this listing 5 months ago

Home Features for 2991 Mountain Avenue, San Bernardino

Year Built: 1980
Lot Size Square Feet: 48351
Lot Size Units: Square Feet
Price Per Square Foot: 102.98
Tax Lot: 6
Tax Tract Number: 5038
New Taxes Expense: 41789
Parcel Number: 155451060000
Tax Census Tract: 62.03
Special Listing Conditions: Standard
Standard Status: Closed
Average 2nd Bedroom Area: 775
Average 1st Bedroom Area: 650
Levels: Two
Common Walls: 2+ Common Walls
Building Area Units: Square Feet
Average 2nd Bedroom Area Units: Square Feet
Average Studio Area Units: Square Feet
Number Of Buildings: 3
Average 3rd Bedroom Area Units: Square Feet
Average 1st Bedroom Area Units: Square Feet
Building Area Total: 28599
Parking Features: Carport
Number Of Units Total: 40
Property Attached Y/N: 1
Amenities / Utilities
Trash Expense: 9483
Water Sewer Expense: 9483
Electric Expense: 9483
Community Features: Suburban
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Property History for 2991 Mountain Avenue, San Bernardino

Apr 20, 2017
Apr 17, 2017
Sep 14, 2016

Real Estate Market Statistics for 2991 Mountain Avenue, San Bernardino

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2991 Mountain Ave in ZIP code 92404 is a multi family home that was last listed for $2,945,000. This is 935% above the current median of $284,450 for 92404 and 990% above the current median price of $270,300 for the city of San Bernardino, CA. As of today, , there are 92 properties listed for sale in the 92404 area and 349 properties listed for sale in San Bernardino. Of those 349 properties for sale, 308 are single family homes and 41 are condos. 2991 Mountain Ave is approximately 28,599 Sqft, 1981% above the San Bernardino median of 1,374 and 1863% above the 92404 ZIP code median of 1,457. The price per Sqft was $103 which is 46% below the current median price in 92404 of $192 and 48% below the San Bernardino median of $199 per Sqft.
Built in 1980, this multi family house at 2991 Mountain Ave, San Bernardino CA, 92404 is approximately 28,599 square feet and does not come with a parking spot. It was last listed $2,945,000 with a cost per Sqft of $103. 2991 Mountain Ave is located in the DRNAG neighborhood in the San Bernardino City Unified School District. The closest school is Hunt Elementary School.

2991 Mountain Ave, San Bernardino CA, 92404 was on the market for 218 days. The median days on the market for properties in this area is 41 with a median list price of $270,300 and median cost per square foot of $199. Its current status is sold under the MLS #IV16702048.

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