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Sold for $2,148,000 · May 2019

SOLD

Listed at $2,200,000

Sold

1483 E Lynwood Drive, San Bernardino, CA 92404

San Bernardino, CA

MLS# CV19028520

12,802 Sq Ft • Property
90 days on market

Listing Agent

DAVID COVARRUBIAS

Listing Agent

MARCUS & MILLICHAP

DRE #: 01941403

Brokerage: MARCUS & MILLICHAP

Property Details

N/A

Bedrooms

N/A

Bathrooms

12,802 sqft

Square Feet

1985

Year Built

0.3 acres

Lot Size

$168

Price/Sq Ft

0

Garage Spaces

N/A

HOA

Property

Property Type

Description

Villa Park Apartments, a 21-unit value added opportunity located in San Bernardino, California. The building rests on 0.59 acre lot with a total of 3 two-story buildings and provides residents with a quiet living environment and an open residential feel. Built in 1985, with a building size of 12,812 square feet, the property has a unit mix of one and two bedroom floor plans. There are (16) one bedroom/one bathroom units and (5) two bedroom/one bathroom units for a total of 21 units. All units have central air conditioning and heat, electric stoves and are individually metered for electricity. The apartment units are all electric. The central hot water heater is served by gas, which is paid by owner. Thirteen (13) of the twenty one (21) units have been updated with new flooring, countertops and paint. Amenities include: Swimming pool, laundry room with two washer and dryers, covered and open space parking (27 spaces). Villa Park is conveniently located near national retailers, major freeways, employment centers and public transportation. The property is in a submarket that is highly sought after from investors looking for yield, value-add opportunity, and improving market fundamentals

Listing description from the May 2019 sale, as reported to CRMLS.

Facts & Features

Details

Stories
2
Pool
Yes

Sale history for 1483 E Lynwood Drive

2 recorded sales

$2,148,000
Sold May 2019 · listed $2,200,000, on market February 2019, 90 days on market · MLS #CV19028520 · Source: CRMLS
Listing Agent: DAVID COVARRUBIAS · Listing Office: MARCUS & MILLICHAP · Contact: 909-456-3400 · Bought with: Roderick 'Rick' Raymundo · Marcus & Millichap
$1,495,000
Sold June 2017 · orig. $1,554,000, on market September 2016, 242 days on market · MLS #IV16192701 · Source: CRMLS
Listing Agent: ALBERT LE · Listing Office: LE INVESTMENT GROUP · Contact: 909-256-7889 · Bought with: Danny Talamentes · VPMI, INC.

How this sale compares

1483 E Lynwood Drive sold for $2,148,000 in May 2019, 2.4% under its $2,200,000 list price, after 90 days on the market. Across 230 closed sales in 92404 over the last 12 months, the median sold price is $515,000 and the median is $356 per square foot.

$356
92404 median per sq ft (12 mo)
$515,000
92404 median sold price (12 mo)
230
Closed sales in 92404 (12 mo)
90
Days on market
−2.4%
Sold vs. list price
QuarterClosed sales in 92404Median sold price
Q1 202621$530,000
Q2 202689$515,000
Q3 202698$501,000
Q4 202622$537,500

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in San Bernardino · Homes for sale in 92404

Recent sales near 1483 E Lynwood Drive

Closed sales reported in 92404, nearest first, last 12 months. All recent sales in San Bernardino →

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