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 59 minutes ago
  • CRMLS last updated this listing 3 weeks ago
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Property History

Status
Date
Price
Sold
Apr 20, 2017
$2,945,000
Pending
Apr 17, 2017
Listed
Sep 14, 2016
$3,120,000
#IV16702048
As of , there are 100 properties listed for sale in ZIP code 92404 and 367 properties listed for sale in the city of San Bernardino, CA. Those 367 properties include 319 single family homes and 48 condos. This property at 2991 Mountain Ave in 92404 was last listed for $2,945,000. This is 1044% above the current median price of $257,500 for San Bernardino and 1033% above the median of $259,900 for 92404. 2991 Mountain Ave is approximately 28,599 square feet, which is 2081% above the San Bernardino median of 1,311 and 2011% above the 92404 ZIP code median of 1,355. This property's price per Sqft was $103, which is 47% below the current median price in 92404 of $195 and 47% below the San Bernardino median of $195 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 48 with a median list price of $257,500 and median cost per square foot of $195. Its current status is sold under the MLS #IV16702048.

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