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Closed
- Listed price
- $1,020,000
- Listed Mar 30, 2020
- Sold price
- $1,010,000
- Sold Nov 10, 2020
18,600 sqft lot|1966 Built|165 MLS days on market
1520 Sepulveda Ave, San Bernardino, CA 92404
Property Description
$20,000 Price Reduction. 100% Rent Collections During Pandemic. 6 OF THE 8 Tenants are on Section 8. - New Water Heater, Majority of Roofs Replaced Less Than 5 Years Ago, New Carports, 15-20K Invested in Improvements. - Offering Actual CAP Rate of 5.46 % / Impressive ProForma CAP Rate of 7.00 % • ProForma CAP Rate Based on Raising Rents to Current Market Rental Rates - 6 of 8 tenants on Section 8 (Guaranteed Rent) 7% rental increases Approved with Section 8 - 100 % Occupied With Long Term Tenants. Conservative 15-20% - First Time to The Market In Twelve (12) + Years. Pride Of Ownership. - Extra Large Units! Garden Style, Two Story Units. Private Rear Yard, Well Maintained Landscaped Social Area For Tenants and Onsite Laundry - Offering Actual GRM of 11.77, With a ProForma GRM of 9.10 / Possible Source of Additional Income With 10 Garages / Storage Units. The Sandalwood Apartments are located in a well established, majority single family neighborhood. The attractive unit mix is composed of Four (4) one bedroom / one bathroom units, and four (4) extra large two bedroom / two bathroom units. The property has been well maintained throughout ownership (12+ years) and has little to no differed maintenance. The property features attached garages consisting of four (4) 2-Car garages and two (2) single car garages/store units, private patios/balconies, window/wall air-condition and heating and a nicely landscaped private rear yard, garden area for tenants.
Listing agent: ALBERT LEDRE #01468313albert.le@leinvestmentgroup.com, Listing office: LE INVESTMENT GROUP
MLS data updated 11/1/2026, 7:55:13 PM PT
Source: CRMLSMLS #: IV20065875
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,010,000
Nov 10, 2020
Available records32020
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92404 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92404 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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