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2935 W Belmont Avenue

San Bernardino, CA 92407
  • $12,000,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: IV23165022
UPDATED: 43 min ago
$12,000,000
  • 0
    BEDS
  • 5.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2023
County:

School Ratings & Info

Listing Agent(s): Shareef Awad of Emaar Enterprise (909-877-2777)


Description

Investors Dream, 16 Homes Tract available for immediate purchasing and Renting at good cap rate with potential to increase the cap from 4.5% to 6.5% within 1 year by adding 16 ADU's to the portfolios All 16 Homes are setting on large lots of approximately 12,000 SF and have RV access in the side, 4 homes are single story with 4 Beds & 2-1/2 baths, and 12 Homes are 2 story with 5 beds/ 3 baths, A lot of upgrades included such as Ornamental wrought Iron Entry Door, elegant staircase with a Combination of Iron and wood, recessed lighting, Porcelain tile and laminate flooring throughout the house , upgraded plumbing and electrical fixtures, Modern Cabinets with Quartz counter top, Stainless steel appliances including Stove, Dishwasher, microwave and hood, Patio slab in the back yard, RV access with concrete Driveway from the garage side all the way to the back with double gates and concrete walkway in the other side with single gate, Front yard will be landscaped with plants using drip system for irrigation.All 16 homes being built on a new street in one of the best and most desirable areas of the Inland Empire, Verdemont San Bernardino, close to Freeways, schools, Cal state University and shopping.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T14:36:11.87. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143072926
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2935 W Belmont Avenue San Bernardino, CA 92407

  • Price: $12,000,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 43 min ago
  • MLS #: IV23165022
0
Beds
0
Baths
0
½ Baths
5.23
Acres
2023
Built
Neighborhood:
274 - San Bernardino
County:
San Bernardino
Area:
274 - San Bernardino
Property Description
Investors Dream, 16 Homes Tract available for immediate purchasing and Renting at good cap rate with potential to increase the cap from 4.5% to 6.5% within 1 year by adding 16 ADU's to the portfolios All 16 Homes are setting on large lots of approximately 12,000 SF and have RV access in the side, 4 homes are single story with 4 Beds & 2-1/2 baths, and 12 Homes are 2 story with 5 beds/ 3 baths, A lot of upgrades included such as Ornamental wrought Iron Entry Door, elegant staircase with a Combination of Iron and wood, recessed lighting, Porcelain tile and laminate flooring throughout the house , upgraded plumbing and electrical fixtures, Modern Cabinets with Quartz counter top, Stainless steel appliances including Stove, Dishwasher, microwave and hood, Patio slab in the back yard, RV access with concrete Driveway from the garage side all the way to the back with double gates and concrete walkway in the other side with single gate, Front yard will be landscaped with plants using drip system for irrigation.All 16 homes being built on a new street in one of the best and most desirable areas of the Inland Empire, Verdemont San Bernardino, close to Freeways, schools, Cal state University and shopping.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 16 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsGutter(S)Street LightsSidewalks Garage YN Yes Gross Income 59000 Gross Scheduled Income 59000 Insurance Expense 1600 Land Lease YN No Laundry Features Laundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 44600 New Construction YN No New Taxes Expense 9600 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 16 Operating Expense 14400 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 59000 Trash Expense 0 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T14:36:11.87. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Shareef Awad of Emaar Enterprise (909-877-2777)