Listed By:
Michele Sparks-Finn with Pacific Sotheby’s International Realty; 951-367-9431
Address
5125 Bandera Street A, Montclair, CA
Price
$ 4,995,900
Property Attributes
  • MLS#LG24055376
  • TypeMulti-Family
  • CountySAN BERNARDINO
  • CityMontclair
  • AreaMontclair
  • Zip91763
  • StyleApartment
  • Price$ 4,995,900
  • Bedrooms24
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage10044
  • Lot Size0.71 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

This well maintained collection of 12 unit bungalow style apartments consists of 6 buildings each with 2 units in a gated community with private garages, patios and ample parking. Each unit is 2 bedroom/1 Bathroom with indoor washer and dryer and HVAC units. In past 12 months partial to full remodels done on 6 units along with many other capital upgrades. Most of the rents are also at or above market value with great tenants.

Price History
3/26/2024 Listed $5,395,000
4/26/2024 8% - $4,995,900

General Features

Sewer PublicSewer
Heating Central
Cooling CentralAir
Garage Spaces 12.0
Pool Features None
Year Built 1963
Tenant Pays CableTV,Electricity,Gas,Telephone
Stories 1
Levels One
Unit Number A
Property SubType Apartment
Gross Income 329100.0
Community Features StormDrains,StreetLights,Sidewalks
Additional Parcels Description 1010611030000,101061104000,10106110500000,1010611060000,1010611070000
County San Bernardino
Net Operating Income 235399.0
Operating Expense 93701.0
Insurance Expense 3822.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
MaintenanceExpense 17292.0
Garage Y/N Yes
Special Listing Conditions Standard
Status Active
Directions Central and Holt
City Montclair
Entry Location 1
View Y/N No
Senior Community Y/N No
Open Parking Spaces 36.0
NumberOfUnitsTotal 12
MLS Area 685 - Montclair
Lot Size Units Acres
Lot Size Square Feet 30927.6
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 12
Listing Terms Item1031Exchange
Property Attached Y/N Yes
Land Lease Y/N No
Home Warranty Y/N No
Property Condition Turnkey
Trash Expense 5990.0
Water Sewer Expense 10672.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 67
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 3
Total Actual Rent 27431.0
Property Sub Type Additional Apartment
Taxes 46878.0
Cap Rate 4.5
MobileHomeRemainsYN No

Interior Features

Total Stories 1
Common Walls Item1CommonWall
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features InKitchen
Entry Level 1
Electric On Property Y/N No

Exterior Features

Lot Features Level
Water Source Public
Total Parking 48.0
Lot Size Area 0.71
Number of Buildings 6
Spa No
Building Area Total 10044.0
Lot Size Acres 0.71
Lot Size Source Assessor
Number of Separate Gas Meters 12
Number of Separate Electric Meters 12
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 91763

Price
AVG $3.17M
$5M
Visits
AVG 151
196
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1963

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