PENDING

5150-5198 N 3rd Ave
San Bernardino, CA 92407

Arrowhead Farms

Local Information

  • Map View
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  • Street View
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  • Schools
    1 Elementary School
    1 Middle School
    1 High School
  • Crime
    High crime relative to the rest of the area.
  • Commute
    95% of residents commute by car.
  • Shop & Eat
    17 Restaurants
    5 Groceries
    3 Nightlife

Description

HIGHLIGHTS; Impressive In-place CAP Rate of 5.91% With a ProForma CAP Rate of 6.91%. Majority government (section 8) tenants. / Current GRM of 10.68 With a ProForma GRM of 9.46 / Markets Rents& Stable Collection Throughout Pandemic. Onsite Management In-place. / Emerging Industry, Coupled With The Creation of New Jobs in San Bernardino Has Contributed to a High Demand For Housing. / Located 1.5 Miles (5 Minutes) from The California State University of San Bernardino. North of the 210 Freeway, Residential Neighborhood. / Property Repairs Completed on a Scheduled Basis Throughout Ownership Without Deferring. / Owner Pay Water & Trash The apartment community located at 5098-5150 North 3rdAvenue in San Bernardino, CA is ideally situated north of the 210 Freeway bordering the San Bernardino foothills. The property is situated on an expansive, fully gated 1.73 acre lot, with cover, secured onsite parking. This twenty-four unit complex is composed of all three bedroom / one bathroom units. (1) unit was converted to a two bedroom with the conversion/addition of a laundry facility. The large units are highly desirable and result in far less turnover with family tenants. The current ownership's has made it a priority to perform routine maintenance and create a strong community cohesion. The professional offsite management was tasked with leasing to well qualified tenants, which has resulted in far less turnover when compared to neighboring apartments. The property(s) centralized location, as well as the range in units sizes, make it an ideal situations for single people or working class families.

Home Details for 5150-5198 N 3rd Ave

Year Built
1985
Parking
48 Carport Spaces
Price/Sqft
$189
HOA
None
Heating
No
Cooling
No
Outdoor
No Info
Laundry
See Home Details
Interior Features
Appliances & Utilities
Laundry: Community
Windows, Doors, Floors & Walls
Common Walls: 1 Common Wall
Exterior Features
Exterior Home Features
No Private Pool
Parking & Garage
Number of Carport Spaces: 48Number of Covered Spaces: 48Has a CarportNo GarageParking Spaces: 48Parking: Carport
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Type Unknown
Surface & Elevation
Elevation Units: Feet
Days on Market
Days on Market: 50
Property Information
Year Built
Year Built: 1985
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 0265111170000Additional Parcels Description: 0265-111-180000
Price & Status
Price
Price Per Sqft: $189
Active Status
MLS Status: Active Under Contract
Agent Information
Listing Agent
MLS/Source ID: IV21086473
Building
Building Area
Building Area: 25872 Square Feet
Community
Community Features: CurbsNot Senior Community
HOA
Association for this Listing: California Regional MLS
Lot Information
Lot Area: 74923.2 Square Feet
Listing Info
Special Conditions: Standard
Tax Information
Tax Lot: 2, 3
Business
Expense
Tenant Pays: Electricity, Gas
Rental
Has Rent Control
Miscellaneous
Zillow Contingency Status: Under ContractZillow Home Type: MultiFamily
Last check for updates: 35 minutes ago
Listing courtesy of Albert Le 01468313
LE INVESTMENT GROUP
Originating MLS: California Regional MLS
Source: CRMLS, MLS#IV21086473

Price History for 5150-5198 N 3rd Ave

Event DetailsPrice
06/11/2021
Pending
CRMLS #IV21086473
$4.89M

04/24/2021
Listed For Sale
CRMLS #IV21086473
$4.89M

Similar Homes You May Like

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Price Trends

For homes in 92407
$430,267
Typical home value
This home: $4,888,888 91% above
$445
Typical Home Value by sqft
This home: $189 135% below
Price trends provided by third party data sources.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Arrowhead Farms

At least 15 Trulia users voted on each feature.
  • 90%
    Parking is easy
  • 85%
    There's holiday spirit
  • 82%
    Car is needed
  • 72%
    It's dog friendly
  • 70%
    Yards are well-kept
  • 70%
    It's walkable to grocery stores
  • 53%
    Kids play outside
  • 52%
    It's quiet
  • 50%
    It's walkable to restaurants
  • 47%
    They plan to stay for at least 5 years
  • 45%
    Neighbors are friendly
  • 42%
    There's wildlife
  • 40%
    There are sidewalks
  • 31%
    People would walk alone at night
  • 23%
    Streets are well-lit
  • 16%
    There are community events
Learn more about our methodology.
  • Trulia User
    "It’s a mess. Really needs to be cleaned up. You have a lot of freedom though, and space to do whatever you’d like with your backyard. "
    4
    Flag
  • Trulia User
    "The kids can hang out and not be bothered , the neighborhood is quiet and safe to raise a family . And we have family parties going on Saturdays and no one complains "
    0
    Flag
  • Trulia User
    "Although this area isn’t all too bad, it’s still safe to not let your children walk around by themselves."
    0
    Flag
  • Trulia User
    "This is not a good area. there are sewer/wash areas that are very populated with homeless people that do drugs and commit crimes. u am here only because as a disabled single mother of four children this is all I could afford."
    2
    Flag
  • Trulia User
    "my neighborhood is quit on most days. it get noisy at times like the weekend. everyone in the neighborhood gets along. "
    0
    Flag
  • Trulia User
    "There's no house on the other side of the street. the street is busy when the high school gets out. It's a quit neighborhood "
    6
    Flag
  • Trulia User
    "It’s alright but my ex lives a block a way! Schools aren’t so bad and I like most of my neighbors sometimes 😏"
    5
    Flag
  • Trulia User
    "I've lived in this neighborhood for 3 year's and I feel good here, and happy. The neighbors are so friendly. "
    7
    Flag
  • Trulia User
    "I've lived for 3 year's here and I love it, the best neighborhood!!! It's quiet and the neighbors are so friendly..."
    2
    Flag
  • Trulia User
    "I've live here for around 3 year's and I'm happy on this neighborhood. It's quite and the neighbors are friendly"
    1
    Flag

LGBT Local Legal Protections

LGBT Legal Protections updated by Movement Advancement Project
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 2021-06-13 04:00:38 PDT 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
5150-5198 N 3rd Ave, San Bernardino, CA 92407 is a 25,872 sqft multi-family built in 1985. 5150-5198 N 3rd Ave is located in Arrowhead Farms, San Bernardino. This property is currently available for sale and was listed by CRMLS on Apr 23, 2021. The asking price for 5150-5198 N 3rd Ave is $4,888,888. The MLS # for this home is MLS# IV21086473.