
San Bernardino, California 92410
This 4-unit Residential Income Asset presents a High-Potential Investment Opportunity, listed at $850,000—positioned above the $752,241 Fair Market Value. While priced above current estimates, the property offers operational stability through separate gas and electric meters and a diverse unit mix of 1 and 2-bedroom configurations. With a Fair Condition Rating and gated parking, this asset is well-positioned for long-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a stabilized, income-generating multifamily property 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 0 bd · 0 ba · 2,922 sqft · $257 | $850,000* List Price | 0 | 0 | 2,922 | $257 | - |
A 142 E 11th St Sold 0 bd · 0 ba · 3,400 sqft · $257 · 0.1 mi | $875,000 | 0 | 0 | 3,400 | $257 | 0.1 mi |
B 357 W 10th Pending 0 bd · 0 ba · 2,304 sqft · $295 · 0.5 mi | $680,000 List Price | 0 | 0 | 2,304 | $295 | 0.5 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, placing it in the 'Fair' category as it appears functional but dated. While the listing mentions 'turnkey' status and recent parking lot paint, the visible window AC units, patchy landscaping, and older window styles suggest that systems and interiors likely require modernization to meet higher condition standards.
The property features a diverse mix of 1 and 2-bedroom units equipped with in-unit washer/dryer hookups, significantly increasing tenant retention and rental appeal.
Individual metering for gas and electricity allows for streamlined property management and minimizes owner-paid utility expenses.
The fully gated perimeter and secure rear parking provide a private, safe environment that is highly sought after in the local rental market.
Built in 1963, the asset may require more frequent maintenance or capital expenditures for aging infrastructure compared to modern multifamily developments.
Located in San Bernardino, the property may be subject to higher economic fluctuations and slower appreciation rates compared to neighboring Inland Empire submarkets.
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 | 1,871.438 |
| Lot Size | 7,500 | 7,757.938 |
| Price | $850.0K | $669.3K |
| Price per sq ft | $291 | $318 |
| Built year | 1963 | 1948 |
| HOA | $0 | $0 |
| Days on market | 23 | 63 |
Oct 1, 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