
San Bernardino, California 92410
This 4-unit Residential Income Asset is a High-Potential Investment Opportunity, listed at $850,000—positioned above the $801,049 Fair Market Value. While the property requires capital for modernization given its Condition Rating of 4, it offers operational efficiency through separate gas and electric meters and gated parking. The diverse unit mix and in-unit washer/dryer hookups ensure strong rental demand. This property is best suited for Buy-and-Hold Investors or Value-Add Developers focused on long-term cash flow and strategic portfolio growth 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 | $257 | - |
A 142 E 11th St Sold | $875,000 | 0 | 0 | 3,400 | $257 | 0.1 mi |
B 24226 Monterey Avenue Active | $649,900 List Price | 0 | 0 | 1,996 | $326 | 0.9 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 and falls into the dated category. While described as 'turnkey' with recent parking lot paint, the exterior shows older wall-mounted AC units rather than central HVAC, patched stucco, and dated window security bars. The lack of interior photos or mention of recent full-scale renovations to kitchens, baths, or electrical systems suggests the property is functional but requires modernization.
The property features separate gas and electric meters for each unit, significantly reducing landlord operating expenses and simplifying utility management.
A fully gated perimeter with secure rear parking and in-unit washer/dryer hookups provides high-demand features that improve tenant retention and safety.
The combination of 1-bedroom and 2-bedroom/2-bathroom units allows the owner to capture a diverse tenant demographic, ensuring stable occupancy and income potential.
The $850,000 list price represents a substantial 35% increase over the 2022 sale price of $630,000, which may challenge appraisal values and immediate cap rate expectations.
Built in 1963, the property may require higher long-term capital reserves for the maintenance or replacement of aging plumbing, electrical, and structural systems.
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 | 4.3 |
| Baths | 0.0 | 2.7 |
| Square foot | 2,922 | 1,865.083 |
| Lot Size | 7,500 | 7,752.25 |
| Price | $850.0K | $639.4K |
| Price per sq ft | $291 | $329 |
| Built year | 1963 | 1949 |
| HOA | $0 | $0 |
| Days on market | 35 | 65 |
Aug 5, 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