1156 E Highland Avenue San Bernardino, CA 92404

221778855 34.13625 -117.26247 124 /listing/221778855-150414967/1156-e-highland-avenue-san-bernardino-ca-92404 False 0 1600000.0 101 EV18250685 False
  • $1,600,000
  • Est payment $8589.15/mo

Property & Neighborhood Info

Courtesy Of MAUREEN GORE, COLDWELL BANKER KIVETT-TEETERS

Commercial in San Bernardino

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. - - - Six of the seven units are rented and are presently interviewing additional prospective tenants for the remaining. - - - 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 - - - After final unit is leased the cap rate will go up to 6-6.5%.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)

Courtesy Of MAUREEN GORE, COLDWELL BANKER KIVETT-TEETERS

Main Features

  • Listing Status: Active
  • Year Built: 1957
  • Floors: 1
  • County: San Bernardino
  • Taxes: $5,171.00
  • Tax Year: 2018
  • Units: 7
  • Zoning: retail
  • Building Name: Parkview Plaza
  • MLS Number:EV18250685

Additional Features

  • Cooling:
    • Central Air
  • Laundry:
    • None
  • Building Description:
    • Existing
  • Building Features:
    • Phone System
  • Business Type:
    • Retail
  • Commercial Type:
    • Office
    • Retail
  • Property Subtype:
    • Business
  • Roof:
    • Composition
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Land Use:
    • Office
  • Topography:
    • flat
  • Parking Spaces:
    • 30.00
  • Electric:
    • Electricity - On Property
  • Heating:
    • Forced Air
    • Natural Gas
  • Utilities:
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Security Features:
    • Fire and Smoke Detection System
    • Gated Community
    • Security Lights
    • Smoke Detector(s)
  • Number of Buildings:
    • 7
  • Financing:
    • None
  • Net Operating Income:
    • 65680.00
  • Special Conditions:
    • Standard
    • Trust
  • Insurance Expense:
    • 5889.00
  • Number Of Units Leased:
    • 5
  • Operating Expense:
    • 14661.00
  • Other Income/Mo:
    • 1200.00
  • Price Per SQFT:
    • 127.23
  • Tax ID:
    • 0155242230000
  • Total Expenses:
    • 14661.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
COLDWELL BANKER GEORGE REALTY
COLDWELL BANKER GEORGE REALTY
(626) 457-2388
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1156 E Highland Avenue San Bernardino, CA 92404

221778855 34.13625 -117.26247 124 /listing/221778855-150414967/1156-e-highland-avenue-san-bernardino-ca-92404 False 0 1600000.0 101 EV18250685 False
  • $1,600,000
  • Est payment $8589.15/mo