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1505 Sepulveda Avenue, San Bernardino, CA 92404
$1,613,000
1505 Sepulveda Avenue, San Bernardino, CA 92404View this property at 1505 Sepulveda Avenue, San Bernardino, CA 92404
1505 Sepulveda AvenueSan BernardinoCA92404
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Property Description
HIGHLIGHTS: Competitive Offering with an Actual CAP Rate of 5.34%, with Significant Upside Potential, Projected ProForma CAP Rate of 6.92% / Offering an Actual Gross Rent Multiplier (GRM) of 11.79, with a Projected ProForma GRM of 9.48.
The Sandalwood East Apartments, constructed in 1965 on a spacious 0.37-acre corner lot, boast an excellent location ideal for single families. This eight-unit property spans 6,966 sq. ft and comprises four one-bedroom, one bathroom units (1BD/1BA) as well as four oversized two bedroom, two-bathroom units (2BD/2BA). Tenants enjoy the convenience of four two-car garages and two single car garages. Additional amenities include private balconies/patios, individual A/C and heating, and a beautifully landscaped private yard/garden. Demonstrating a strong sense of ownership pride, this property offers prospective buyers an opportunity to acquire an asset with minimal maintenance requirements for decades to come.
Full Property Details
Full Property Details for 1505 Sepulveda Ave
General
- Sold For: $1,613,000
- Status: Closed
- Type: Multi-Family
- MLS ID: IV24021684
- Added to Site: 124 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 10
Location
- Area: 274 - San Bernardino
- County: San Bernardino
- Development Name: 274 - San Bernardino
- Driving Directions: Sierra Ave Via Baseline to Sepulveda.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 8
Structural Information
- Entry Location: Down & Up
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 6,966
- Year Built: 1965
Unit Information
Unit 1
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 4
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.3711
- Lot Size Source: Assessor
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $231.55
- Price Per Unit: 201875
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.5%
Listed by Le Investment Group, ALBERT LE
Sold by Realty Masters & Associates, Marlene Lopez
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Schools
Schools serving 1505 Sepulveda Ave
School District:San Bernardino City Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1300 Valencia Ave, Sn Bernrdno, CA 92404 | K-6 | 0.6 mi | |
3800 N Waterman Ave, Sn Bernrdno, CA 92404 | 6-8 | 2.3 mi | |
1850 N E St, Sn Bernrdno, CA 92405 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1505 Sepulveda Ave
Date
Details
Price
Change
Source
5/16/2024
Sold
$1,613,000
-0.12%
MLS
1/30/2024
Listed
$1,615,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1505 Sepulveda Avenue, San Bernardino, CA 92404 (MLS# IV24021684) is a Multi-Family property that was sold at $1,613,000 on May 16, 2024. Want to learn more about 1505 Sepulveda Avenue? Do you have questions about finding other Multi-Family real estate for sale in San Bernardino? You can browse all San Bernardino real estate or contact a Coldwell Banker agent to request more information.