
San Bernardino, California 92410
This 4-unit multifamily property represents a High-Potential Investment Opportunity, listed at a List Price of $850,000—positioned well below the $850,110 Fair Market Value by 0.01%. With a Fair Condition Rating, this asset features separate gas and electric meters, gated parking, and in-unit washer/dryer hookups, ensuring streamlined management and tenant appeal. The property offers a stable income stream through its diverse unit mix. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a low-maintenance, income-generating asset in San Bernardino.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 188 E 11th Street 1-4 Subject | $850,000* List Price | 0 | 0 | 2,922 | $291 | - |
A 1001 1001 N Mountain View Sold | $665,000 | 0 | 0 | 2,314 | $287 | 0.3 mi |
B 142 E 11th St Pending | $875,000 List Price | 0 | 0 | 3,400 | $257 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is over 60 years old, which typically falls into the lower categories; however, it is described as a 'turnkey' investment with recent cosmetic upgrades like paint. The presence of window AC units and the 1960s exterior indicate dated systems and architecture that likely require modernization, fitting the 'Fair' criteria for older, functional properties needing updates.
The property features separate gas and electric meters for each unit, significantly reducing owner-paid operating expenses and simplifying property management.
A fully gated perimeter combined with secure gated parking in the rear provides a safe environment that increases tenant desirability and asset protection.
Each unit is equipped with individual washer and dryer hookups, a premium feature for multifamily assets that drives higher rental rates and tenant retention.
Built in 1963, the property may require more frequent maintenance or capital improvements to aging systems compared to newer construction.
Located in a specific San Bernardino submarket that may present higher management intensity or slower long-term appreciation compared to neighboring Inland Empire cities.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,922 | 2,580 |
| Lot Size | 7,500 | 10,617 |
| Price | $850.0K | $618.7K |
| Price per sq ft | $291 | $295 |
| Built year | 1963 | 1955 |
| HOA | $0 | $0 |
| Days on market | 50 | 102 |
Jun 2, 2026
$850,000
Initial Listing
Sep 15, 2022
$630,000
Public Record
Apr 30, 2021
$550,000
Public Record
Dec 17, 2013
$280,000
Public Record
Feb 13, 2012
$230,000
Public Record
Oct 30, 2003
$245,000
Public Record