2991 Mountain Ave
San Bernardino, CA 92404

Bd   — Ba   28,599 Sqft
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.
  • Neighborhood: DRNAG
  • Days on Movoto: 218
  • Year Built: 1980
  • HOA: $0 HOA
  • $/Sqft: $103
  • Lot: 1.11 Acres
  • Property Type: Multi Family
  • MLS#: IV16702048
  • MLS:
  • Listing Office: LE INVESTMENT GROUP
  • Listed By: ALBERT LE
  • Movoto last checked CRMLS for new data 1 hour ago
  • CRMLS last updated this listing 1 month ago

Home Features for 2991 Mountain Avenue, San Bernardino

Overview
Talk to Movoto About Selling

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
As of today, there are 115 properties listed for sale in ZIP code 92404 and 395 properties listed for sale in the city of San Bernardino, CA. This property at 2991 Mountain Ave in 92404 was last listed for $2,945,000. This is 1011% above the current $264,999 median price for San Bernardino and 1033% above the median of $260,000 for 92404. Of the 395 properties for sale in San Bernardino, 361 are single family homes and 34 are condos. 2991 Mountain Ave is a multi family home that is approximately 28,599 Sqft, 2025% above the San Bernardino median of 1,346 and 2063% above the 92404 ZIP code median of 1,322. The price per square foot was $103 which is 46% below the current median price in 92404 of $192 and 46% below the San Bernardino median of $192 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 52 with a median list price of $264,999 and median cost per square foot of $192. Its current status is sold under the MLS #IV16702048.

View active properties and off-market properties in this area. Or connect with a top-rated Movoto agent to learn about San Bernardino market trends and find homes like this one.

Meet with a real estate agent today Call (877) 505-9582.

Movoto
San Bernardino Agent

I'm happy to give you a quick call to answer all your questions about this home and schedule a tour.