2 months on rocket

Backup Offers

1505 Sepulveda Ave, San Bernardino, CA, 92404

$1,615,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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1505 Sepulveda Ave, San Bernardino$1,615,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage10 spaces
Year Built1965
MLS #IV24021684
Lot Size0.37 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1505 Sepulveda Ave

HIGHLIGHTS: Competitive Offering with an Actual CAP Rate of 5.34%, with Significant Upside Potential, Projected ProForma CAP Rate of 6.92% / Offering an Actual Gross Rent Multiplier (GRM) of 11.79, with a Projected ProForma GRM of 9.48. The Sandalwood East Apartments, constructed in 1965 on a spacious 0.37-acre corner lot, boast an excellent location ideal for single families. This eight-unit property spans 6,966 sq. ft and comprises four one-bedroom, one bathroom units (1BD/1BA) as well as four oversized two bedroom, two-bathroom units (2BD/2BA). Tenants enjoy the convenience of four two-car garages and two single car garages. Additional amenities include private balconies/patios, individual A/C and heating, and a beautifully landscaped private yard/garden. Demonstrating a strong sense of ownership pride, this property offers prospective buyers an opportunity to acquire an asset with minimal maintenance requirements for decades to come.

Property Details

Property Features

Property Information:

  • Year Built: 1965
  • Stories: 2

Listing Office:

  • Office Name: LE INVESTMENT GROUP
  • Office Phone: (909) 256-7889
  • Listing Agent: ALBERT LE

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 10 spaces

Lot Features

Lot Information:

  • Lot Size: 0.37 Acres

School Info

Assigned Schools Information:

  • San Bernardino High School, Public Magnet Grades 9-12
  • Golden Valley Middle School, Public District Grades 6-8
  • Colonel Joseph C. Rodriguez Preparatory Academy, Public Magnet Grades 4-8
  • Richardson Preparatory High School, Public Magnet Grades 6-8
  • Bradley Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Sierra Ave Via Baseline to Sepulveda.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,615,000

Tax Information:

  • Annual Amount: $11,518
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in San Bernardino, CA.

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San Bernardino, CA

City

Med. Sold Price

$465.6K

Med. Price/SqFt

$343

Avg. Days On Market

31

# of Sold Homes

126

1505 Sepulveda Ave vs San Bernardino

88 DAYS ON ROCKET

+57 Days

$1,615,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in San Bernardino, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #IV24021684

Listing Office:

  • Office Name: LE INVESTMENT GROUP
  • Office Phone: (909) 256-7889
  • Listing Agent: ALBERT LE

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 8:25:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 07, 2006Home Sold
$789,000
Dec 17, 2004Home Sold
$650,000
Nov 20, 2002Home Sold
$338,000

Tax History

YEARPROP. TAXASSESSMENT
2021$11,518$878,300
2020$10,994$861,100
2019$10,087$836,000
2018$9,465$760,000
2017$8,267$721,000

History based on county public records data.

Payment Calculator

$8,128

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,908

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2046910
5
/10

  • Bradley Elementary School

  • 1300 Valencia Ave

  • 0.65 miles

  • Public District Grades KG-6

Middle School

school-card-donut-2046911
5
/10

  • Golden Valley Middle School

  • 3800 N Waterman Ave

  • 2.26 miles

  • Public District Grades 6-8

school-card-donut-2046912
8
/10

  • Colonel Joseph C. Rodriguez Preparatory Academy

  • 1985 Guthrie St

  • 2.50 miles

  • Public Magnet Grades 4-8

school-card-donut-2046913
9
/10

  • Richardson Preparatory High School

  • 455 S K St

  • 2.80 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2046914
2
/10

  • San Bernardino High School

  • 1850 N E St

  • 0.75 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,031. The majority of San Bernardino, CA residents have income less than $35k annually. Typical family type is single, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1505 Sepulveda Ave

What is the listing price of this property?

The listing price of 1505 Sepulveda Ave property is $1,615,000.

What type of property is this?

The property 1505 Sepulveda Ave is a condo located in San Bernardino, California, 92404.

Is this property for sale now?

Accepting Backup Offers: 1505 Sepulveda Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1505 Sepulveda Ave are:
Bradley Elementary School: GreatSchools Rating 5/10
Golden Valley Middle School: GreatSchools Rating 5/10
Colonel Joseph C. Rodriguez Preparatory Academy: GreatSchools Rating 8/10
Richardson Preparatory High School: GreatSchools Rating 9/10
San Bernardino High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $11,518 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 7, 2006 for $789,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1505 Sepulveda Ave is 1965.

Rocket Homes›California›San Bernardino County›San Bernardino›92404›1505 Sepulveda Ave

This home is located at 1505 Sepulveda Ave in San Bernardino, CA and zip code 92404 in the DMV neighborhood. This home, which was built in 1965, sits on a 0.37 acre lot. It has been listed on Rocket Homes since January 30, 2024 and is currently priced at $1,615,000.

In March 2024 more than 65 listings in San Bernardino, CA were sold above the asking price. During the same period more than 23 listings were sold at asking price, while more than 38 were sold below. The number of homes for sale in San Bernardino, CA increased by 2.8% between February 2024 and March 2024. In March 2024 median list price was $465,631 and the average listing age was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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