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507 S Mount Vernon Ave, San Bernardino, CA, 92410
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Commercial sold for $656,000 in 899 days

507 S Mount Vernon Ave San Bernardino, CA, 92410

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Back to Market!!! PRICE REDUCED Again and Again for a Quick Sale!!! Selling its Location, Location and Location!!! Excellent Corner Location with a possible Redevelopment opportunity which is located in the SE Corner of a busy Mt. Vernon Ave and Mill St. The building size is 3,104 sq.ft. on lot size 16,500sq.ft. with a ample parking spaces which is opposite side of McDonald's Hamburger on the same Mt. Vernon Ave. This property is for sale first time in the market in 40 years long. Current 3 tenants are using 4 units of the building. Tenant of Unit A (Tax Office) lease is expired and month-to-month lease and Unit B & C leased by one tenant (restaurants) lease to be expired during coming Aug. 2022. The unit D on Mill Street (With Green painted outside) was another restaurant, but it is no tenant now after the unit D was burned out inside only by a electric shock inside the unit D. The space of unit D is for buyer's choice about the future usage after repair it inside. There is a good chance of redevelopment/remodeling the property and making a chance of raising the monthly rent income increase to the curent market level. The seller is selling it as "As-Is and In Its Current Condition". It is easy to access to FWY 215 & 10, it also located near from the downtown of San Bernardino Ci
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Property details

3,104 sqft interior area
Land area
16,500 sqft (0.38 acres)
Address
507 S Mount Vernon Ave, San Bernardino, CA, 92410
City of California
San Bernardino
County
San Bernardino
Previous price
$819,000
Year Built
1975
Parking Spaces
18
District
Listing

Nearby major retailers

Costco
Walmart Supercenter
ALDI
Aldi
T-Mobile
Walmart Neighborhood Market
Wholesale: 1
Supermarket: 5
Mobile phone: 2
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Interior Features

18 parking places
Utilities Included
Electricity Connected, Natural Gas Connected, Other
Amenities
Telephone System

Listed by

Jason Hong, Team Spirit Realty
Name
Jason Hong
License number
00863293
Brokerage company
Team Spirit Realty
MLS #
CRRS21253095

Buyer agent

Name
Jason Hong
Brokerage company
Team Spirit Realty

Payment calculator

Calculate your monthly payments
Mortgage
$2,015
Taxes
$0
HOA dues
$0
$2,015 per month
Mortgage
$131,200 / 20%
2.28%
30 years
Your amount $2,015 / month

Exterior Features

Stucco construction and more
Construction
Stucco

Lot details

TMK #0141031430000
Parcel nr.
0141031430000

92410 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data

People living in 92410

54%
Families with children
National average: 39%
22%
Non family households
326,601
Population
$52,189
Average Income

Age & gender

Median age 29 years
More info

Commute types

90% commute by car
More info

Education level

31% have not graduated education
More info

Number of employees

3% work in education and healthcare
More info

Vehicles available

34% have 2 vehicle
More info

Vehicles by gender

34% have 2 vehicle
More info

Housing market insights for

$452.02k
Neighborhood average
sales price*
$463.38k
Neighborhood median
sales price*
339
Number
of sales*

Housing type

61% are single detacheds
More info

Rooms

47% of the houses have 4 or 5 rooms
More info

Bedrooms

67% have 2 or 3 bedrooms
More info

Owners vs Renters

53% are renters
More info
7.83 / 20
Below Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

Sold May 7, 2024
Date Event Price $/sqft Source
May 7, 2024 Sold $656,000 0 Public Record
May 7, 2024 Price Decrease $656,000 -13.68% 0 MLS #CRRS21253095
Mar 18, 2024 Under contract $760,000 0 MLS #CRRS21253095
Feb 13, 2024 For sale $760,000 0 MLS #CRRS21253095
Feb 13, 2024 Price Decrease $760,000 -7.2% 0 MLS #CRRS21253095
Dec 25, 2023 Price Decrease $819,000 -31.64% 0 MLS #CRRS21253095
Feb 9, 2023 Under contract $1,198,000 0 MLS #CRRS21253095
Nov 21, 2021 New Listing $1,198,000 0 MLS #CRRS21253095

Taxes of 507 S Mount Vernon Ave, San Bernardino, CA, 92410

Comm zoning / MLS #CRRS21253095
Zoning
Comm

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Frequently Asked Questions about 507 S Mount Vernon Ave

What is 507 S Mount Vernon Ave?

507 S Mount Vernon Ave is a Commercial/Industrial propertywith 3,104 sqft interior space.

What is the rental income?

-

What is the full address of this Commercial?

507 S Mount Vernon Ave, San Bernardino, CA, 92410.

What comparable properties are nearby?

Comparable nearby commercial properties include 289 S Mount Vernon Ave, 436 N Mount Vernon Ave, 247 S E St, 337 S Arrowhead, 337 S Arrowhead, 362 N D St.

Based on information from the bridgeMLS as of 05-19-2024. 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. Properties may or may not be listed by the office/agent presenting the information.

Listing last updated on: May 08, 2024
Verhouse Last checked 5 minutes ago


The closest grocery stores are La Esperanza Ranch Market, 1.17 miles away and Mother's Nutritional Center, 1.93 miles away.
The 92410 zip area has a population of 326,601, and 54% of the families have children. The median age is 29.25 years and 90% commute by car. The most popular housing type is "single detached" and 53% is renter.
Commercial Sold $656k 507 S Mount Vernon Ave, San Bernardino, CA, 92410 Save House Remove from Saved