1019 N Pershing Avenue, San Bernardino, California 92410, San Bernardino, 92410 - bed, bath
ACTIVE$895,000
1019 N Pershing Avenue, San Bernardino, California 92410
0Bed
0Bath
2,472Sqft
6,480Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: As a quadruplex, the property offers diversified income streams and is explicitly marketed as a 'Great Investment Opportunity' for various buyer types, including owner-occupants, multi-generational families, and investors.
Top Cons:
Advanced Age of Property: Built in 1932, the property is nearly a century old, likely requiring significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general modernization to meet current standards.
Compared to the nearby listings
Price:$895.0K vs avg $610.0K (+$285,000)92%
Size:2,472 sqft vs avg 1,792 sqft85%
Price/sqft:$362 vs avg $34269%
More Insights
Built in 1932 (93 years old).
Condition: Built in 1932, this property shows signs of regular upkeep and some cosmetic updates like fresh paint and laminate flooring in living areas. However, the kitchens feature dated wood cabinets, older laminate countertops, and basic white appliances. Bathrooms also appear dated with older vanities and tile surrounds. The presence of wall-mounted gas heaters indicates an older, less efficient heating system. While functional and livable, the property requires minor to moderate updates, particularly in the kitchen and bathrooms, to meet current aesthetic and efficiency standards.
Year Built
1932
Close
-
List price
$895K
Original List price
$925K
Price/Sqft
$362
HOA
-
Days on market
-
Sold On
-
MLS number
CV24207691
Home ConditionFair
Features
View-
About this home
Great Investment Opportunity for Owner Occupant, Multi Generational or Investor who is looking for a nice investment. All 4 units have both separate Electric and Gas Meters. Each unit has its own Carport behind a locked gate for added privacy.
Condition Rating
Fair
Built in 1932, this property shows signs of regular upkeep and some cosmetic updates like fresh paint and laminate flooring in living areas. However, the kitchens feature dated wood cabinets, older laminate countertops, and basic white appliances. Bathrooms also appear dated with older vanities and tile surrounds. The presence of wall-mounted gas heaters indicates an older, less efficient heating system. While functional and livable, the property requires minor to moderate updates, particularly in the kitchen and bathrooms, to meet current aesthetic and efficiency standards.
Pros & Cons
Pros
Multi-Unit Income Potential: As a quadruplex, the property offers diversified income streams and is explicitly marketed as a 'Great Investment Opportunity' for various buyer types, including owner-occupants, multi-generational families, and investors.
Separate Utility Metering: Each of the four units benefits from individual electric and gas meters, which simplifies tenant billing, reduces landlord operating expenses, and promotes tenant accountability.
Secure & Dedicated Parking: The provision of individual carports behind a locked gate for each unit enhances tenant convenience, privacy, and security, adding significant value as an amenity.
Flexible Investment Strategy: The property's suitability for owner-occupants, multi-generational families, or pure investors broadens its appeal and potential market, offering versatile usage options.
Recent Price Adjustment: A reduction from the original list price ($925,000 to $895,000) suggests potential for better value or a motivated seller, which can be attractive to prospective buyers.
Cons
Advanced Age of Property: Built in 1932, the property is nearly a century old, likely requiring significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general modernization to meet current standards.
Limited Unit Detail Disclosure: The listing lacks specific information regarding the number of bedrooms/bathrooms per unit, individual unit square footage, or current rental income, which are critical for investor due diligence and financial analysis.
Potential for High Maintenance Costs: Older multi-unit properties often come with a higher likelihood of ongoing maintenance issues and the need for proactive repairs to ensure tenant satisfaction and property longevity, impacting cash flow.