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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$2,922/sqft
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:
Multi-Unit Income Potential: As a 4-unit quadruplex, the property offers diversified rental income streams and a robust investment profile.
Top Cons:
Property Age & Potential Capital Expenditures: Built in 1963, the property may require significant capital expenditures for major system updates (e.g., roof, plumbing, electrical, HVAC) if not already addressed, despite being described as 'turnkey'.

Compared to the nearby listings

Price:$798.0K vs avg $601.8K (+$196,250)89%
Size:2,922 sqft vs avg 1,721 sqft94%
Price/sqft:$273 vs avg $32728%

More Insights

Built in 1963 (63 years old).
Condition: Built in 1963, this property is over 60 years old. While the exterior appears maintained and the listing describes it as a 'turnkey investment' with 'recent upgrades' to parking, there are no interior images provided. The absence of interior photos, especially for kitchens and bathrooms, strongly suggests these areas are dated and have not undergone significant recent renovations. The presence of window AC units further indicates older systems. The property likely requires minor to moderate updates to the interiors to meet current tenant expectations and maximize rental value, aligning with the 'fair' condition criteria for an aged but functional property with outdated components.
Year Built
1963
Close
-
List price
$798K
Original List price
$798K
Price/Sqft
$273
HOA
-
Days on market
-
Sold On
-
MLS number
TR26002940
Home ConditionFair
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!

V
Vince Kwon
Listing Agent
Condition Rating
Fair
Built in 1963, this property is over 60 years old. While the exterior appears maintained and the listing describes it as a 'turnkey investment' with 'recent upgrades' to parking, there are no interior images provided. The absence of interior photos, especially for kitchens and bathrooms, strongly suggests these areas are dated and have not undergone significant recent renovations. The presence of window AC units further indicates older systems. The property likely requires minor to moderate updates to the interiors to meet current tenant expectations and maximize rental value, aligning with the 'fair' condition criteria for an aged but functional property with outdated components.
Pros & Cons

Pros

Multi-Unit Income Potential: As a 4-unit quadruplex, the property offers diversified rental income streams and a robust investment profile.
Strategic & Desirable Location: Centrally located in San Bernardino within a neighborhood primarily composed of single-family residences, suggesting stability and tenant appeal.
Low Operating Costs: Separate gas and electric meters for each unit significantly reduce landlord utility expenses and simplify property management.
Enhanced Tenant Amenities & Security: In-unit washer/dryer hookups and a fully gated property with secure gated parking are highly attractive features for prospective tenants.
Diverse Unit Mix & Market Growth: The combination of 1-bedroom and 2-bedroom units caters to a broad tenant demographic, supported by San Bernardino's stated market growth potential.

Cons

Property Age & Potential Capital Expenditures: Built in 1963, the property may require significant capital expenditures for major system updates (e.g., roof, plumbing, electrical, HVAC) if not already addressed, despite being described as 'turnkey'.
Absence of Financial Performance Data: The listing lacks crucial financial details such as current rental income, occupancy rates, or a projected cap rate, making it challenging for investors to fully evaluate its immediate profitability.
Unspecified Interior Unit Condition: While 'turnkey,' the description does not detail the condition or recent updates of the individual unit interiors (kitchens, bathrooms), which could imply dated finishes or future renovation needs to maximize rental value.
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