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: 166
  • Year Built: 1980
  • HOA:
  • $/Sqft: $109
  • 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 5 hours ago
  • CRMLS last updated this listing 4 months ago

Home Features for 2991 Mountain Ave , San Bernardino

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Property History for 2991 Mountain Ave, San Bernardino

Sep 14, 2016
2991 Mountain Ave in ZIP code 92404 is a multi family home currently listed for $3,120,000. This is 1077% above the median of $265,000 for 92404 and 1148% above the median price of $250,000 for the city of San Bernardino, CA. As of today, , there are 115 properties listed for sale in the 92404 area and 389 properties listed for sale in San Bernardino. Of those 389 properties for sale, 340 are single family homes and 49 are condos. 2991 Mountain Ave is approximately 28,599 Sqft, 2100% above the San Bernardino median of 1,300 and 2018% above the 92404 ZIP code median of 1,350. The price per square foot is $109, which is 40% below the median price in 92404 of $181 and 42% below the San Bernardino median of $189 per square foot.
Built in 1980, this multi family house at 2991 Mountain Ave is approximately 28,599 square feet and does not come with a parking spot. It is listed on 09/14/2016 for $3,120,000 with a cost per Sqft of $109. 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 has been on the market for 166 days. The median days on the market for properties in this area is 42 with a median list price of $250,000 and median cost per square foot of $189. It's currently listed as active under the MLS #IV16702048.

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