236 East 48th Street

236 East 48th Street

San Bernardino, CA 92404

$3,300,000
Price
18
Beds
23
Baths
12,014 Sq. Ft.
$275 / Sq. Ft.
12,014
Sq. Ft.
$275
per Sq. Ft.
a view of a house with a yard
a view of backyard with pathway and yard
a view of a balcony with a potted plants

Description

Pride of ownership ! Consisting of 20 units in excellent condition , the current owner has made it a priority to perform routine maintenance and create a strong community cohesion , the manager onsite was tasked with renting to well qualify tenants which has resulted in far less turnover when compared to neighboring apartments and with plenty of room to increase rents. This 20 unit complex is composed of a very desirable unit mix of one three bedrooms ,five two bedrooms and 14 one bedrooms . All...Pride of ownership ! Consisting of 20 units in excellent condition , the current owner has made it a priority to perform routine maintenance and create a strong community cohesion , the manager onsite was tasked with renting to well qualify tenants which has resulted in far less turnover when compared to neighboring apartments and with plenty of room to increase rents. This 20 unit complex is composed of a very desirable unit mix of one three bedrooms ,five two bedrooms and 14 one bedrooms . All units have free standing stoves , separate washer and dryer room for extra income. Located 5 minutes away from Cal State San Bernardino this property offers an outstanding investment opportunity for investors seeking to capitalize on the growing demand for student housing AND FOR THE CHERRY ON TOP THE EXISTING LOAN IS ASSUMABLE ! Seller has giving notice to all tennants and beginning may 1st all rents are increase 9.40%
  1. Listed by Evelyn Waidhofer • DRE #00972179 • Brokerage DRE #00972179 • Classic Investments • evelynkdb@yahoo.com

Property Details for 236 East 48th Street

Parking Spaces Total
24
Private Pool
No
Total Units
20.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
12014
Property Attached YN
false
Common Walls
No Common Walls

Location

Listing Courtesy of Classic Investments, Evelyn Waidhofer, DRE #00972179
Add your commute
LISTING UPDATED: 04/29/2024 04:41 AM

Property Details for 236 East 48th Street

StatusActive
MLS #DW23230842
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1985
CountySan Bernardino County

Location

Listing Courtesy of Classic Investments, Evelyn Waidhofer, DRE #00972179
Add your commute

Building Information for 236 East 48th Street

Building/Complex236 E 48th StFloor-Stories2Residences-Pet Policy-Year Built1985Building Size-

Payment Calculator

$20,003 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,009

Property Taxes

$1,994

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 236 East 48th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $2,400
  • Gross Scheduled Income: $300,405
  • Net Operating Income: $220,198
  • Laundry Income: $2,400
Expense Details
  • Operating Expense: $80,207
  • New Taxes Expense: $47,375
  • Fuel Expense: $0
  • Electric Expense: $852
  • Insurance Expense: $13,200
  • Professional Management Expense: $0
  • Other Expense: $6,300
  • Other Expense Description: laundry
  • Trash Expense: $4,140
  • Water Sewer Expense: $8,340
  • Total Expenses: $80,207
Tax / Assessment Info
  • Tax Tract Number: 1834
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Private Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 24
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,050
  • Unit Type Total Rent: $4,050
  • Unit Type Pro Forma: 4050
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,475
  • Unit Type Total Rent: $5,475
  • Unit Type Pro Forma: 5475
  • Unit Type Type: 13
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 2
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 3
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $925
  • Unit Type Total Rent: $925
  • Unit Type Pro Forma: 825
  • Unit Type Type: 4
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $950
  • Unit Type Total Rent: $950
  • Unit Type Pro Forma: 950
  • Unit Type Type: 5
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $950
  • Unit Type Total Rent: $950
  • Unit Type Pro Forma: 950
  • Unit Type Type: 6
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 7
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 8
Unit 13
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 2

Property History for 236 East 48th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 236 East 48th Street

Taxable ValueLand$228,888Additions$1,695,852Total$1,924,740
Tax Record2023$23,931 ($1,994 / month)
Home Facts
Total Finished SqFt12,914 SqFtAbove Grade Finished SqFt12,914 SqFtLot Size13,725 SqFtStyleMulti-Family Res (5+ Units)Year Built1985CountySAN BERNARDINOAPN0154-123-02-0000

Schools near 236 East 48th Street

This home is within San Bernardino City Unified School District.
Rating
School
Type
Grades
Distance
Parkside Elementary School
Public - K to 6
Golden Valley Middle School
Public - 6 to 8
San Bernardino High School
Public - 9 to 12
Asa Charter School
Charter - K to 12
Rating
School
Distance
Parkside Elementary School
PublicK to 6

Golden Valley Middle School
Public6 to 8

San Bernardino High School
Public9 to 12

Asa Charter School
CharterK 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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More information about 236 East 48th Street, San Bernardino, CA 92404

236 East 48th Street is a multi-family home for sale in San Bernardino, CA 92404. This property was listed for sale on January 4, 2024 by Classic Investments, it's currently listed at $3,300,000. It has been on the market for a total of 118 days and was last sold on January 8, 2018. This listing's school district is San Bernardino City Unified School District. Nearby schools include Parkside Elementary School, Golden Valley Middle School and San Bernardino High School. 236 East 48th Street is a 18-bed, 23-bath, 12,014 sqft multi-family home built in 1985.

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 Classic Investments, Evelyn Waidhofer, DRE #00972179

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.