1137 North Mayfield Avenue

San Bernardino, CA 92410

$1,020,000
Last Sold Price
Beds
9
Baths
2,944 Sq. Ft.
$346 / Sq. Ft.
2,944
Sq. Ft.
$346
per Sq. Ft.

Description

We are proud to exclusively present the opportunity to acquire 1137 North Mayfield Avenue, a 9-unit multifamily investment property located in San Bernardino, California. Built in 1958, the property sits on a 0.16-acre lot and has a building size of approximately 2,944 square feet. The property is comprised of (9) Studio/one-bathroom units. The building features a fenced front lawn, spacious driveway, and nine covered parking spaces. All units are master metered for gas and electricity. The apartment...We are proud to exclusively present the opportunity to acquire 1137 North Mayfield Avenue, a 9-unit multifamily investment property located in San Bernardino, California. Built in 1958, the property sits on a 0.16-acre lot and has a building size of approximately 2,944 square feet. The property is comprised of (9) Studio/one-bathroom units. The building features a fenced front lawn, spacious driveway, and nine covered parking spaces. All units are master metered for gas and electricity. The apartment is conveniently located at the junction of Interstate 215, 10 and the Foothill 210 Freeways, and in close proximity to Downtown San Bernardino. With a very walkable score of 78, the property is surrounded by multiple restaurants, cafes, and grocery stores including El Super, Walgreens, and Stater Brothers Market. It is also minutes’ drive from recreation centers such as the Seccombe Lake, Perris Hill Park, and the Arrowhead Country Club. Tenants also enjoy four bus stops just down the street on Base Line, one of the arterial connecting cities in the Inland Empire. The City of San Bernardino serves as one of the Inland Empire’s anchor cities that spans 81 square miles and has a population of over 213,000. Large distribution and ful? llment warehouse facilities for Amazon, Pep Boys, and Burlington have been developed near the San Bernardino International Airport. In addition, the Metrolink commuter rail service, available at the Santa Fe Train Station, provides transportation to commuters from the San Bernardino area to major centers of employment, such as Downtown Los Angeles, and Orange County.
  1. Listed by David Covarrubias • DRE #01941403 • Brokerage DRE #00530854 • MARCUS & MILLICHAP
  2. Listed by DOUGLAS MCCAULEY • DRE #01155706 • Brokerage DRE #00530854 • MARCUS & MILLICHAP

Property Details for 1137 North Mayfield Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
2944
Assessor Parcel Number
0140-064-17-0000
Property Attached YN
true

Location

Listing Courtesy of MARCUS & MILLICHAP, David Covarrubias, DRE #01941403; MARCUS & MILLICHAP, DOUGLAS MCCAULEY, DRE #01155706

Sold By NONMEMBER MRML, Julian Bloch, DRE #CA02043055

Add your commute
LISTING UPDATED: 12/21/2022 07:03 AM

Property Details for 1137 North Mayfield Avenue

StatusClosed
MLS #CV22067274
Days on Market246
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.16 AC / 6,969 SF
CountySan Bernardino County

Location

Listing Courtesy of MARCUS & MILLICHAP, David Covarrubias, DRE #01941403; MARCUS & MILLICHAP, DOUGLAS MCCAULEY, DRE #01155706

Sold By NONMEMBER MRML, Julian Bloch, DRE #CA02043055

Add your commute

Building Information for 1137 North Mayfield Avenue

Stories-Residences-Year Built1958Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$6,631 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,567

Property Taxes

$1,064

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1137 North Mayfield Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $107,239
  • Gross Scheduled Income: $110,556
  • Vacancy Allowance: 3317
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $107,239
  • Net Operating Income: $60,899
  • Gross Multiplier: 10.4
  • Cap Rate: 5.3
  • Financing: Cash
Expense Details
  • Operating Expense: $46,340
  • Operating Expense Percent: 43.20%
  • New Taxes Expense: $14,800
  • Gardener Expense: $840
  • Fuel Expense: $5,250
  • Electric Expense: $5,250
  • Insurance Expense: $2,700
  • Maintenance Expense: $6,000
  • Professional Management Expense: $0
  • Other Expense: $1,000
  • Trash Expense: $5,250
  • Water Sewer Expense: $5,250
  • Total Expenses: $46,340
Tax / Assessment Info
  • Tax Block: 75
  • Tax Tract Number: 005600
  • Tax Census Tract: 56.01
  • CFD/Mello-Roos Fee: $3,943
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lawn
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,024
  • Unit Type Total Rent: $9,213
  • Unit Type Pro Forma: 1112
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1137 North Mayfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1137 North Mayfield Avenue

Taxable ValueLand$75,000Additions$945,000Total$1,020,000
Tax Record2023$12,764 ($1,064 / month)
Home Facts
Total Finished SqFt2,944 SqFtAbove Grade Finished SqFt2,944 SqFtLot Size7,124 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountySAN BERNARDINOAPN0140-064-17-0000

Schools near 1137 North Mayfield Avenue

This home is within San Bernardino City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Captain Leland Norton Elementary School
PublicK to 6

Arrowview Middle School
Public6 to 8

Indian Springs High
Public9 to 12

Sierra High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MARCUS & MILLICHAP, David Covarrubias, DRE #01941403; MARCUS & MILLICHAP, DOUGLAS MCCAULEY, DRE #01155706

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.