
San Bernardino, California 92410
This Turnkey Income-Producing Triplex represents a Strong Value Opportunity, listed at $669,000—positioned well above the $614,477 Fair Market Value. While priced at a premium, the property offers immediate stability with a $58,080 Gross Annual Income and a Turnkey Condition Rating. Featuring modern updates, a high-tech security system, and on-site laundry, this asset minimizes management overhead. The property is an ideal acquisition for Buy-and-Hold Investors seeking immediate cash flow or Passive Income Seekers looking for a fully leased, low-maintenance multi-family asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 184 E 9th Subject | $649,000* List Price | 3 | 3 | 1,495 | $406 | - |
A 274 E Kingman St Sold | $675,000 | 0 | 0 | 1,500 | $450 | 0.6 mi |
B 243 E Olive Active | $535,000 List Price | 3 | 2 | 1,490 | $359 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1952, the property has undergone a comprehensive recent renovation making it turnkey. Interior photos show modern wide-plank laminate flooring, recessed lighting, and fresh paint. The listing confirms updated kitchens with newer appliances (refrigerators, gas stoves, and range-hood microwaves) and updated systems including a high-tech security system, placing the renovation status within the <5-year window.
The property is fully leased and generating $4,840 in gross monthly income, providing immediate cash flow for investors without the need for initial tenant placement or renovations.
Recently updated to move-in ready standards, this triplex eliminates the immediate need for costly capital improvements typically associated with older multi-family assets built in the 1950s.
Equipped with a security gate, high-tech surveillance system, and on-site coin-operated laundry, the property offers added value and safety features that help attract and retain quality tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1495, other record living area = 400. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
The property is being sold in its current 'as-is' condition, which may limit a buyer's leverage to negotiate repairs or credits discovered during the inspection period.
Consisting exclusively of 1-bedroom, 1-bathroom units, the property may experience higher turnover rates compared to multi-family assets that offer larger units suitable for families.
Turnkey Income- Producing Triplex — Fully Leased... Submit your offer and step into an income-producing investment without the hassle of completing renovations or bringing the property up to condition. This updated triplex is fully leased and generating $4,840 in gross monthly rental income, making it an attractive opportunity for investors looking for immediate cash flow. Property Highlights are as follows; 3 fully leased 1-bedroom, 1-bath units Unit 1: $1,620/month, Unit 2: $1,620/month, Unit 3: $1,600/month, Gross monthly income: $4,840, Gross annual rental income: $58,080 Updated and move-in/rent-ready condition, Plenty of on-site parking, Security gate and high-tech security system, Attached patio for Unit 2, Unit 3 is a detached unit. Each unit includes a refrigerator, gas stove, and range-hood microwave. On-site coin operated laundry on site as well for the tenants to use. What began as a property intended to remain in the family for generations is now an opportunity for a new owner to take over a fully leased, income-producing asset without having to do the work required to bring it to its current condition. Opportunities like this don't come along often. Submit your offer today and take advantage of this turnkey investment. Seller is a licensed real estate agent. Please do not disturb the occupants. Contact the listing representative directly for additional information or to schedule a showing or your buyer representative. SOLD-AS-IS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.3 |
| Baths | 3.0 | 2.7 |
| Square foot | 1,495 | 1,865.083 |
| Lot Size | 6,800 | 7,752.25 |
| Price | $649.0K | $639.4K |
| Price per sq ft | $434 | $329 |
| Built year | 1952 | 1949 |
| HOA | $0 | $0 |
| Days on market | 22 | 65 |
Aug 28, 2026
$649,000
$659,000
-2% Price Drop
Initial Listing
Aug 21, 2026
$659,000
$669,000
-1% Price Drop
Initial Listing
Aug 18, 2026
$669,000
Initial Listing
Dec 22, 2020
$220,000
Public Record
Jan 12, 2011
$85,000
Public Record
Sep 24, 2009
$40,000
Public Record
Aug 3, 2009
$35,000
Public Record