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$798,000
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:
Investment Potential: This property is highlighted as an 'Exceptional Investment Opportunity' offering 'Stable Income Potential' and 'low maintenance requirements' as a turnkey multifamily asset.
Top Cons:
Property Age & Potential Capital Expenditures: Built in 1963, the property is over 60 years old, suggesting major building systems (e.g., plumbing, electrical, roof, HVAC) may be original or nearing the end of their useful life, potentially requiring significant future capital investment.

Compared to the nearby listings

Price:$798.0K vs avg $610.0K (+$188,000)92%
Size:2,922 sqft vs avg 1,792 sqft92%
Price/sqft:$273 vs avg $32631%

More Insights

Built in 1963 (62 years old).
Condition: Built in 1963, this property is 61 years old. The listing description explicitly mentions only 'Parking spaces have been repainted' as a recent upgrade, with no mention of any interior renovations, particularly for kitchens and bathrooms. This strongly suggests that these critical areas, along with other interior components like flooring and fixtures, are either original or were last updated 30-50+ years ago. The presence of window air conditioning units visible in the images further indicates a lack of modern HVAC systems. While the exterior appears maintained (fresh paint, newer roof visible in aerials), the implied condition of the kitchens and bathrooms would necessitate substantial repairs and rehabilitation to meet current quality and aesthetic standards, even for rental units. The property is functional but requires significant investment to modernize the living spaces.
Year Built
1963
Close
-
List price
$798K
Original List price
$798K
Price/Sqft
$273
HOA
-
Days on market
-
Sold On
-
MLS number
TR25252293
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 is 61 years old. The listing description explicitly mentions only 'Parking spaces have been repainted' as a recent upgrade, with no mention of any interior renovations, particularly for kitchens and bathrooms. This strongly suggests that these critical areas, along with other interior components like flooring and fixtures, are either original or were last updated 30-50+ years ago. The presence of window air conditioning units visible in the images further indicates a lack of modern HVAC systems. While the exterior appears maintained (fresh paint, newer roof visible in aerials), the implied condition of the kitchens and bathrooms would necessitate substantial repairs and rehabilitation to meet current quality and aesthetic standards, even for rental units. The property is functional but requires significant investment to modernize the living spaces.
Pros & Cons

Pros

Investment Potential: This property is highlighted as an 'Exceptional Investment Opportunity' offering 'Stable Income Potential' and 'low maintenance requirements' as a turnkey multifamily asset.
Strategic & Desirable Location: Centrally located in San Bernardino with easy access to amenities, transportation, and major thoroughfares, and situated in a desirable neighborhood dominated by single-family residences.
Operational Efficiency: Separate gas and electric meters for each unit streamline property management and help minimize operational costs, contributing to higher net income.
Tenant Appeal & Security: The diverse unit mix (1B/1B and 2B/2B), in-unit washer/dryer hookups, and a fully gated property with gated rear parking enhance tenant convenience, appeal, and security.
Market Growth Opportunities: The property benefits from San Bernardino's growing market, presenting opportunities for future rent growth and increased property value.

Cons

Property Age & Potential Capital Expenditures: Built in 1963, the property is over 60 years old, suggesting major building systems (e.g., plumbing, electrical, roof, HVAC) may be original or nearing the end of their useful life, potentially requiring significant future capital investment.
Limited Documented Major Upgrades: The description only specifies 'Parking spaces have been repainted' as recent upgrades, lacking details on significant renovations to unit interiors or major building systems, which could impact long-term tenant appeal and maintenance.
Market Perception & Volatility: While showing growth, the San Bernardino market can carry perceptions of higher volatility or specific challenges compared to other Southern California areas, potentially influencing long-term appreciation and tenant quality.

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