5125 Bandera Street, Unit AL

Montclair, CA 91763

$4,321,500
Last Sold Price
24
Beds
12
Baths
10,044 Sq. Ft.
$430 / Sq. Ft.
10,044
Sq. Ft.
$430
per Sq. Ft.

Description

GREAT PRICE with a 4.00% Cap Rate on Current Rents! We are pleased to present a One-Of-A-Kind Investment Opportunity in a prime Montclair neighborhood. This listing features TWELVE Spacious 2 Bedroom + 1 Bathroom Units (Approximately 837 Square Feet Each). The property consists of SIX Single-Story Detached Duplexes on a Large 30,800 Square Foot Lot, just a couple blocks from the Montclair Town Center. Property has been Meticulously Maintained under the same ownership for Over 35 Years! There are...GREAT PRICE with a 4.00% Cap Rate on Current Rents! We are pleased to present a One-Of-A-Kind Investment Opportunity in a prime Montclair neighborhood. This listing features TWELVE Spacious 2 Bedroom + 1 Bathroom Units (Approximately 837 Square Feet Each). The property consists of SIX Single-Story Detached Duplexes on a Large 30,800 Square Foot Lot, just a couple blocks from the Montclair Town Center. Property has been Meticulously Maintained under the same ownership for Over 35 Years! There are minimal landlord expenses as units are separately metered for Gas and Electricity. All units have central A/C, Dual Pane/Low-E Glass Windows, Garage Parking, Private Patios and Laundry Hook-Ups. Property has Strong In-Place Rents with Realistic Rental Upside. ALL Six Duplexes are separately parceled allowing a Buyer to utilize Residential 30 Year Fixed Financing. Many Recent Capital Improvements include Copper Plumbing - Horizontal & Vertical, and a New Roof in 2016. Tenants can appreciate being within a short commute to Downtown Montclair and the major freeways such as 10, 71 and 60. This is a Great Asset located in a Limited Inventory Market.
  1. Listed by Shant Sherbetdjian • DRE #01713570 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 5125 Bandera Street, Unit AL

Zoning
Multifamily
Cross Streets
Central Avenue
Parcel Number
1010611020000
Total Units
12.0
Living Area
10044
Source Living Area
Other
Area
Montclair (685)
Vacancy Rate
none

Location

Listing Courtesy of Remax Commercial and Investment Realty, Shant Sherbetdjian, DRE #01713570

Sold By Pacific Sotheby’s International Realty, Michele Sparks-Finn, DRE #01304923

Add your commute
LISTING UPDATED: 11/02/2022 10:27 AM

Property Details for 5125 Bandera Street, Unit AL

StatusSold
MLS #22-160265
Days on Market147
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.71 AC / 30,800 SF
CountySan Bernardino County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Shant Sherbetdjian, DRE #01713570

Sold By Pacific Sotheby’s International Realty, Michele Sparks-Finn, DRE #01304923

Add your commute

Building Information for 5125 Bandera Street, Unit AL

Stories1Residences-Year Built1963Building Size-Lot Size0.71 AC / 30,800 SF

Payment Calculator

$23,584 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,584

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5125 Bandera Street, Unit AL

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 6
  • Type Of Units: Single Story
  • Unit Number: A-L
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $272,492
  • Net Operating Income: $173,842.00
  • Gross Income: $280,920
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $15.48
  • Vacancy Allow Dollar: $8,428.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 98650
Land / Lot Info
Land / Lot Info
  • Alternate Street Name: Holt Blvd
  • Additional Parcel Number: Yes
  • Lot Size Square Feet: 30800
  • Lot Size Dimensions: 100x292
  • Source Lot Size Dimensions: Other
Parking Details
Parking Details
  • Parking Garage: Garage, Uncovered
  • Total Parking: 36
  • Open Other Spaces Total: 24
  • Garage Spaces Total: 12
  • Parking Features: Garage, Uncovered
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-24-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,935.00
  • Unit Actual Rent: $23,225.00
  • Unit Projected Rent: $27,600.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106

Property History for 5125 Bandera Street, Unit AL

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 5125 Bandera Street, Unit AL

This home is within Chaffey Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Montera Elementary School
PublicK to 6

Vernon Middle School
Public7 to 8

Montclair High School
Public9 to 12

Buena Vista Arts-Integrated School
PublicK to 6

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.

Similar Homes

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Listing Courtesy of Remax Commercial and Investment Realty, Shant Sherbetdjian, DRE #01713570

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.