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$875,000

Beds
3
Baths
1.0
sq ft
1,144

1940 W Base Line St, San Bernardino, CA 92411

1940 W Base Line St

San Bernardino, CA 92411

  • 123 days on market
    • Price drop $120,000↓
Attention investors and entrepreneurs - seize this incredible 1.08-acre commercial property in prime San Bernardino. Located at 1940 W Base Line St, this asset offers unparalleled visibility and endless potential, strategically positioned on a highly trafficked main street to ensure maximum exposure. Surrounded by thriving businesses, the property benefits from synergistic foot traffic, while boasting unmatched connectivity via San Bernardino's status as a major transportation hub. The 3-bed, 1-bath residential structure provides flexibility, situated close to a prominent intersection and presenting endless possibilities. Sold in as-is condition, this exceptional commercial opportunity is primed for your next strategic investment. Don't let it slip away - contact us today to learn more.

Details

Property type

Single Family Residence

Est. home value

$421,675

Lot size

1.0833 acres

Price per sq ft

$765

Year built

1930

Price History

07/23/2024
CRMLS

CRMLS #CV24090888

Price change
$875,000
-12.06%
05/20/2024
CRMLS

CRMLS #CV24090888

Listed
$995,000
+142.68%
01/30/2023
CLAW

CLAW #22219379

Sold
$410,000

Schools & Community

Neighborhood: 

Shirrells

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

High school district: 

San Bernardino City Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$442,635
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$362,365
Cash to seller
$442,635

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

December 2022

Original loan amount

$369,000

Est. remaining balance

$362,365

Interest rate

7.08%

Loan type

New Conventional, 30 year

Seller

Alireza Hamrang and Ghodsieh Eghdami

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 6:40 PM

Listing updated: 08/15/2024 at 4:15 PM

Listed by: Mario Ayoub, Luxury Collective Phone #: (818) 726-3761

MLS: CRMLS #CV24090888

CRMLS logo

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