1156 E Highland Avenue

    San Bernardino, CA 92404
    • $1,600,000
    • STATUS: Active
    • ON SITE: 394 days
    • ID#: EV18250685
    $1,600,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,576
      SQFT
    • $127
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Seven Unit - - Retail/Office & Restaurant Strip Mall - - - Total square footage of all seven units is 12,576 sq ft and sits on a little more than an acre (43,660). - - - Each unit has its own gas and electric meter. - - - All seven units are rented. - - - Property has ample parking in front - - - Additionally, in the rear, there are 3 building warehouses for storage usage - - - (Buildings E - F & G (1500, 840 & 651 sq ft - - totaling 2991 sq ft) - - - plus an enclosed parking garage - - - The cap rate is 6.7%.Complete facade renovation including plaster and paint (2003-2004) - - - - -Interior renovations (plaster, paint, handicap facilities, etc (2003-2009) - - - - -Re-roofiing of most areas (2003-2009) - - - - -Re-paving of parking area including installation of Petromat base and surface asphalt (2009) - - - - -Renovation of 3, street-side pole signs (2010-2011) - - - - -Installation of new gate to back area (2017) - - - - -Continuous upgrade and repair of H/AC units throughout this period. - - - - -Property Tax 2018 ($5171) - - - - -Insurance 2018 ($5889) - - - - -This property is located in a high traffic, busy locale with thriving businesses all around. - - - - -Two parcels are included in this sale (Parcel # 0155-242-23 and Parcel # 0155-242-24)

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T00:33:02.647. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/88506045

    1156 E Highland Avenue San Bernardino, CA 92404

    • Price: $1,600,000
    • Status: Active
    • ID#: EV18250685
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    12,576
    SQFT
    $127
    $/SQFT
    1957
    Built
    Neighborhood:
    274 - San Bernardino
    County:
    San Bernardino
    Area:
    274 - San Bernardino
    Property Description
    Seven Unit - - Retail/Office & Restaurant Strip Mall - - - Total square footage of all seven units is 12,576 sq ft and sits on a little more than an acre (43,660). - - - Each unit has its own gas and electric meter. - - - All seven units are rented. - - - Property has ample parking in front - - - Additionally, in the rear, there are 3 building warehouses for storage usage - - - (Buildings E - F & G (1500, 840 & 651 sq ft - - totaling 2991 sq ft) - - - plus an enclosed parking garage - - - The cap rate is 6.7%.Complete facade renovation including plaster and paint (2003-2004) - - - - -Interior renovations (plaster, paint, handicap facilities, etc (2003-2009) - - - - -Re-roofiing of most areas (2003-2009) - - - - -Re-paving of parking area including installation of Petromat base and surface asphalt (2009) - - - - -Renovation of 3, street-side pole signs (2010-2011) - - - - -Installation of new gate to back area (2017) - - - - -Continuous upgrade and repair of H/AC units throughout this period. - - - - -Property Tax 2018 ($5171) - - - - -Insurance 2018 ($5889) - - - - -This property is located in a high traffic, busy locale with thriving businesses all around. - - - - -Two parcels are included in this sale (Parcel # 0155-242-23 and Parcel # 0155-242-24)
    Exterior Features

    Construction Materials AsphaltConcrete Lot Features 6-10 Units/AcreLot Over 40000 SqftRectangular LotLevelNear Public TransitPark NearbyWalkstreet Lot Size Dimensions 43660 Sq Ft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 30.00 Roof Composition Topography Flat

    Interior Features

    Building Features Phone System Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Forced AirNatural Gas Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels Description 0155242240000 Additional Parcels YN Yes Asset Class OfficeRetail Building Area Units Square Feet Building Name Parkview Plaza Building Status Existing Business Type Retail Cap Rate 6.70 Country Us Current Use Comments 3 Units Leased Effective Gross 106680 Electric Electricity - On Property Electric Expense 432.00 Expense Year 2018 Gross Scheduled Income 105480.00 Insurance Expense 5889.00 Investment Property YN Yes Land Lease YN No Land Use Office Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Assessor Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 92212.00 Number Of Units Leased 5 Occupancy Available Operating Expense 14468.00 Other Income1 1200.00 Property Sub Type Business Real Estate Tax Expense 5171.00 Security Features Fire And Smoke Detection SystemGated CommunitySecurity LightsSmoke Detector(S) Special Listing Conditions StandardTrust Tax Annual Amount 5171.00 Tax Year 2018 Total Expenses 14468.00 Trash Expense 1440.00 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 1536.00 Water Source Public Year Built Source Assessor Zoning Retail

    Listing provided courtesy of Maureen Gore of Coldwell Banker Kivett-Teeters


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T00:33:02.647. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
    Allison James Estates and Homes
    31213 Temecula Parkway
    Temecula CA, 92592