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.
  • $0 HOA
  • $103/Sqft
  • MLS#IV16702048 provided by ALBERT LE of LE INVESTMENT GROUP
  • Movoto last checked CRMLS for new data 25 minutes ago
  • CRMLS last updated this listing 3 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
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Property History for 2991 Mountain Avenue, San Bernardino

Status
Date
Price
Sold
Apr 20, 2017
$2,945,000
Pending
Apr 17, 2017
Listed
Sep 14, 2016
$3,120,000
#IV16702048

Refinance Rates for 2991 Mountain Avenue, San Bernardino

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Real Estate Market Statistics for 2991 Mountain Avenue, San Bernardino

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2991 Mountain Avenue

No data!
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$3.12M

2991 Mountain Avenue

$276K

DRNAG

0% y/y

DRNAG

$284K

92404

0% y/y

92404

$270K

San Bernardino

1% y/y

San Bernardino

See all trends for San Bernardino
2991 Mountain Ave in ZIP code 92404 is a multi family home that was last listed for $2,945,000. This is 934% above the current median of $284,950 for 92404 and 991% above the current median price of $270,000 for the city of San Bernardino, CA. As of today, , there are 110 properties listed for sale in the 92404 area and 371 properties listed for sale in San Bernardino. Of those 371 properties for sale, 328 are single family homes and 43 are condos. 2991 Mountain Ave is approximately 28,599 square feet, 1983% above the San Bernardino median of 1,373 and 1807% above the 92404 ZIP code median of 1,500. The price per square foot was $103 which is 44% below the current median price in 92404 of $185 and 47% below the San Bernardino median of $193 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 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 36 with a median list price of $270,000 and median cost per square foot of $193. Its current status is sold under the MLS #IV16702048.

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