188 E 11th Street 1-4, San Bernardino, California 92410, San Bernardino, 92410 - bed, bath

188 E 11th Street 1-4, San Bernardino, California 92410 home-pic-0
ACTIVE$850,000
188 E 11th Street 1-4, San Bernardino, California 92410
0Bed
0Bath
2,922Sqft
7,500Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multifamily Investment Opportunity: A 4-unit quadruplex explicitly marketed as an 'Exceptional Investment Opportunity' offering stable rental income and growth potential in San Bernardino.
Top Cons:
Age of Construction: Built in 1963, the property may require significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) or renovations to meet modern tenant expectations and energy efficiency standards.

Compared to the nearby listings

Price:$850.0K vs avg $610.0K (+$240,000)92%
Size:2,922 sqft vs avg 1,792 sqft92%
Price/sqft:$291 vs avg $32631%

More Insights

Built in 1963 (62 years old).
Condition: Built in 1963, this property shows significant signs of age with no apparent major renovations in the last 30-50 years. The kitchens feature outdated white appliances, laminate countertops, basic wood cabinets, and fluorescent lighting. Bathrooms are similarly dated with older vanities, fixtures, and tile surrounds. Flooring consists of old carpet and linoleum/vinyl. The presence of window AC units suggests a lack of modern central cooling. While the exterior appears maintained, the interiors require substantial repairs and rehabilitation to meet current standards and tenant expectations.
Year Built
1963
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
TR25137115
Home ConditionPoor
Features
Good View:
View-

About this home

Exceptional Investment Opportunity in San Bernardino! We present a rare gem in the heart of San Bernardino - a 4-unit multifamily property nestled in a desirable neighborhood dominated by single-family residences. This turnkey investment offers a unique blend of income potential and low maintenance requirements. Key Features: - Strategic Location: Centrally located in San Bernardino, providing easy access to local amenities, transportation hubs, and major thoroughfares. - Diverse Unit Mix: The property boasts a mix of 2-bedroom/2-bathroom and 1-bedroom/1-bathroom units, catering to a wide range of tenants. - In-Unit Amenities: Each unit comes with washer/dryer hookups, enhancing tenant convenience and appeal. - Secure and Private: The property is fully gated, ensuring a safe and private environment for residents. Gated parking in the rear provides added security and convenience. - Low Maintenance: With separate gas and electric meters for each unit, property management is streamlined, and expenses are easily allocated. - Recent Upgrades: Parking spaces have been repainted, maintaining a well-maintained appearance and enhancing curb appeal. Investment Highlights: - Stable Income Potential: With four units and a mix of 1 and 2-bedroom configurations, this property offers a stable source of rental income. - Low Operating Expenses: The property's design and separate utility meters help minimize maintenance and operational costs. - Growth Potential: San Bernardino's growing market presents opportunities for rent growth and increased property value. Don't Miss This Opportunity! This property is a rare find in a desirable location, offering a unique chance to invest in a low-maintenance, income-generating asset. Schedule a viewing today to take advantage of this exceptional investment opportunity!

Condition Rating
Poor

Built in 1963, this property shows significant signs of age with no apparent major renovations in the last 30-50 years. The kitchens feature outdated white appliances, laminate countertops, basic wood cabinets, and fluorescent lighting. Bathrooms are similarly dated with older vanities, fixtures, and tile surrounds. Flooring consists of old carpet and linoleum/vinyl. The presence of window AC units suggests a lack of modern central cooling. While the exterior appears maintained, the interiors require substantial repairs and rehabilitation to meet current standards and tenant expectations.
Pros & Cons

Pros

Multifamily Investment Opportunity: A 4-unit quadruplex explicitly marketed as an 'Exceptional Investment Opportunity' offering stable rental income and growth potential in San Bernardino.
Strategic Central Location: Centrally located in a desirable, single-family home dominated neighborhood with easy access to local amenities, transportation hubs, and major thoroughfares.
Low Operating Costs: Separate gas and electric meters for each unit streamline property management and minimize owner-borne utility expenses, contributing to lower operating costs.
Enhanced Tenant Appeal & Security: Features like in-unit washer/dryer hookups and a fully gated property with secure gated parking enhance tenant convenience, appeal, and safety.
Diverse Unit Configuration: A mix of 1-bedroom/1-bathroom and 2-bedroom/2-bathroom units caters to a broader tenant base, optimizing occupancy and income potential.

Cons

Age of Construction: Built in 1963, the property may require significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) or renovations to meet modern tenant expectations and energy efficiency standards.
Lack of Detailed Renovation Information: Beyond repainted parking spaces, the description does not specify recent interior unit upgrades or major system replacements, suggesting potential for outdated finishes or deferred maintenance within the units.
Absence of Current Financials: The listing lacks crucial details on current rental income, occupancy rates, or detailed operating expenses, making it challenging for potential investors to immediately assess the property's financial performance and return on investment.

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