10149 Alder Avenue, Bloomington, California 92316, Bloomington, 92316 - bed, bath
ACTIVE$689,000$2,000/sqft
10149 Alder Avenue, Bloomington, California 92316
0Bed
0Bath
2,000Sqft
19,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Producing Quadruplex: This 4-unit property is explicitly highlighted as an 'Excellent investment opportunity,' offering diversified income streams from multiple tenants.
Top Cons:
Property Age: Built in 1952, the property is over 70 years old, which may lead to higher maintenance costs and potential need for system upgrades (e.g., plumbing, electrical, HVAC) in the future.
Compared to the nearby listings
Price:$689.0K vs avg $1.09M ($-405,500)50%
Size:2,000 sqft vs avg 4,602.5 sqft50%
Price/sqft:$344 vs avg $27650%
More Insights
Built in 1952 (74 years old).
Condition: Built in 1952, this property is over 70 years old. While the listing describes it as 'well-maintained' and fully rented, the exterior images clearly show an aged building with older windows, visible window air conditioning units, and an asphalt driveway showing significant wear. The lack of interior images prevents a direct assessment of kitchens and bathrooms, but given the exterior and age, it's highly probable these areas are dated and would require minor updates or repairs. Major systems are likely functional but show signs of being outdated, fitting the 'fair' condition criteria.
Year Built
1952
Close
-
List price
$689K
Original List price
$689K
Price/Sqft
$345
HOA
-
Days on market
-
Sold On
-
MLS number
MB26006869
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights
About this home
Excellent investment opportunity featuring a well-maintained 4-unit quadruplex situated on a 7500 sq ft lot. The property offers approximately 2,000 sq ft of living area and is fully rented with long-term tenants, providing stable and consistent income. Conveniently located near major freeways and close to public elementary, middle, and high schools, making it highly desirable for tenants. Ideal for investors seeking a solid, income-producing property in a strong rental market.
J
JORGE VALENCIA
Listing Agent
Price History
Date
Event
Price
10/26/12
Sold
$260,000
Condition Rating
Fair
Built in 1952, this property is over 70 years old. While the listing describes it as 'well-maintained' and fully rented, the exterior images clearly show an aged building with older windows, visible window air conditioning units, and an asphalt driveway showing significant wear. The lack of interior images prevents a direct assessment of kitchens and bathrooms, but given the exterior and age, it's highly probable these areas are dated and would require minor updates or repairs. Major systems are likely functional but show signs of being outdated, fitting the 'fair' condition criteria.
Pros & Cons
Pros
Income-Producing Quadruplex: This 4-unit property is explicitly highlighted as an 'Excellent investment opportunity,' offering diversified income streams from multiple tenants.
Stable Occupancy & Income: Fully rented with long-term tenants, ensuring immediate, consistent cash flow and significantly reducing vacancy risk for investors.
Strategic Location: Conveniently located near major freeways and public elementary, middle, and high schools, enhancing tenant desirability and market demand.
Generous Lot Size: A substantial 19,500 sq ft lot provides potential for future expansion, additional amenities, or development, subject to local zoning regulations.
City Lights View: The property offers a desirable 'City Lights' view, which can enhance tenant appeal and potentially support higher rental rates.
Cons
Property Age: Built in 1952, the property is over 70 years old, which may lead to higher maintenance costs and potential need for system upgrades (e.g., plumbing, electrical, HVAC) in the future.
Limited Immediate Rent Upside: While long-term tenants provide stability, their current rents may be below market value, potentially limiting immediate income growth without tenant turnover or significant rent adjustments, which could be subject to local regulations.
Lot Size Discrepancy: There is an inconsistency between the property description stating a 7,500 sq ft lot and the structured data indicating 19,500 sq ft, which could lead to confusion or misrepresentation.