UNDER CONTRACT0.37 ACRES
Listed by ALBERT LE, LE INVESTMENT GROUP, (909) 256-7889
1505 Sepulveda Ave
San Bernardino, CA 92404
DMV
12 Beds
12 Baths
6,966 sqft (on 0.37 acres)
- 12 Beds
- 12 Baths
- 6,966 sqft (on 0.37 acres)
12 Beds
12 Baths
6,966 sqft
(on 0.37 acres)
Local Information
© Google
-- mins to
Commute Destination
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.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$232
Listed
90 days ago
Home Details for 1505 Sepulveda Ave
Interior Features |
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Interior Details Number of Rooms: 2Types of Rooms: Bedroom 1, Bedroom 2 |
Beds & Baths Number of Bedrooms: 12Number of Bathrooms: 12 |
Appliances & Utilities Laundry: Common Area |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: Down & Up |
Exterior Features |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 10Number of Covered Spaces: 10Open Parking Spaces: 10Has a GarageParking Spaces: 20Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 90 |
Property Information |
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Year Built Year Built: 1965 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 0146143010000 |
Price & Status |
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Price List Price: $1,615,000Price Per Sqft: $232 |
Active Status |
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MLS Status: Active Under Contract |
Location |
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Direction & Address City: San Bernardino |
Agent Information |
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Listing Agent Listing ID: IV24021684 |
Building |
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Building Area Building Area: 6966 Square Feet |
Community |
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Community Features: UrbanNot Senior Community |
HOA |
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Association for this Listing: California Regional MLS |
Lot Information |
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Lot Area: 0.37 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 1.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Electricity |
Rental |
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Has Rent Control |
Miscellaneous |
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Mls Number: IV24021684Zillow Contingency Status: Under ContractAttribution Contact: 909-256-7889 |
Additional Information |
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Urban |
Last check for updates: about 19 hours ago
Listing Provided by: ALBERT LE DRE #01468313, (909) 256-7889
LE INVESTMENT GROUP
Originating MLS: California Regional MLS
Source: CRMLS, MLS#IV24021684
Price History for 1505 Sepulveda Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/05/2024 | $1,615,000 | Contingent | CRMLS #IV24021684 |
| 01/30/2024 | $1,615,000 | Listed For Sale | CRMLS #IV24021684 |
| 12/23/2015 | $659,000 | ListingRemoved | Agent Provided |
| 12/22/2015 | $659,000 | PendingToActive | Agent Provided |
| 11/25/2015 | $659,000 | Pending | Agent Provided |
| 08/28/2014 | $659,000 | Listed For Sale | Agent Provided |
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Comparable Sales for 1505 Sepulveda Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.54 | Multi-Family Home | $780,000 | 12/11/23 | 6 | 6 | 4,414 | |
0.12 | Multi-Family Home | $612,000 | 05/31/23 | 5 | 3 | 2,189 | |
0.14 | Multi-Family Home | $582,000 | 05/22/23 | 4 | 3 | 1,704 | |
0.78 | Multi-Family Home | $890,000 | 09/28/23 | 10 | 6 | 4,100 | |
0.31 | Multi-Family Home | $445,000 | 10/26/23 | 5 | 3 | 2,224 | |
0.24 | Multi-Family Home | $488,000 | 06/09/23 | 4 | 3 | 1,527 | |
0.14 | Multi-Family Home | $660,000 | 02/14/24 | 5 | 4 | - | |
0.63 | Multi-Family Home | $630,000 | 05/08/23 | 6 | 4 | 3,360 | |
0.64 | Multi-Family Home | $638,000 | 07/06/23 | 7 | 4 | 2,328 | |
1.09 | Multi-Family Home | $781,000 | 01/18/24 | 7 | 5 | 4,387 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about DMV
- Trulia User
- Resident
- 8mo ago
"I currently live in these apartments is peaceful there’s no drama at all friendly neighbors all around"
- Cynthia B.
- Resident
- 3y ago
"Roads are worn down, but location is close to major freeways. Close access to 210/215 freeways. Roads need to be upgraded."
- Erica R.
- Resident
- 4y ago
"Too many stray dogs. People keep them attached to poles in their lawn and they get out. Nor do many owners pick up after their pups. "
- Anshmoo
- Resident
- 4y ago
"Your kids will see something sketchy from time to time. To a resident this is no problem but to a newbie it’s something wild. "
- Mssusanirenemcelroy
- Visitor
- 4y ago
"Horrible area, wouldn't recommend it to anyone. unsafe, and crime ridden. Homeless, drugs, prostitution "
- Durine N.
- Resident
- 5y ago
"My neighbor hood is close to public transportation and close to downtown and restaurants and shopping centers "
- Holly
- Resident
- 5y ago
"I have lived in this neighborhood for years and have had no problems. it is quiet and peaceful. The homes are beautifully designed and each is unique."
- Hectorkahlo
- Resident
- 5y ago
"is bad neighborhood too much truble and drugs, and alcohol, and dogs i dont like it but cant move rn houses are too expensive "
- James M.
- Resident
- 5y ago
"I live in this neighborhood going on eight years and the people around here don't mess with unless you mess with them so basically keep to yourself is the best options in my opinion but it's up to you "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
ALBERT LE, LE INVESTMENT GROUP
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.