2042 E 19th, San Bernardino, California 92404, San Bernardino, 92404 - 0 bed, 0 bath
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San Bernardino, California 92404
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $995,000—positioned well below the $1,092,102 Fair Market Value by 8%. This valuation gap offers $97,102 in Instant Equity. With a Good Condition Rating, the property features three recently refurbished units, a new roof, and Central HVAC. The unit mix and potential for an added laundry room provide significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating property with mountain views.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2042 E 19th Subject | $995,000* List Price | 0 | 0 | 4,230 | $258 | - |
A 25225 Fisher Street Sold | $1,265,000 | 0 | 0 | 5,082 | $249 | 0.8 mi |
B 7229 Sterling Pending | $875,000 List Price | 0 | 0 | 4,992 | $175 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1980, the property is well-maintained with 3 of the 4 units recently refurbished and a very recent roof replacement. The inclusion of central HVAC and its move-in ready status for tenants or an owner-occupant aligns with the 'Good' criteria for renovated properties.
Three of the four units have been completely refurbished and the roof was recently replaced, significantly reducing immediate capital expenditure requirements for a new owner.
The property offers considerable upside through market rent adjustments and the specific potential to convert space into a laundry room for additional monthly revenue.
The configuration of one 3BR/2BA and three 2BR/1BA units, combined with central HVAC and gated parking, makes this highly attractive for both tenants and owner-occupants.
The current list price reflects only a 4.7% increase over the 2022 sale price of $950,000, indicating a potential plateau in local market values or tight margins.
One unit remains in original or un-refurbished condition, requiring the buyer to invest additional capital and manage a future renovation to achieve maximum building-wide rents.
Presenting a standout FOUR-UNIT INVESTMENT OPPORTUNITY in the San Geogonio neighborhood of San Bernanrdino. This multifamily property showcases one 3 BR / 2 BA unit and three 2 BR /1 BA units with considerable upside potential. It can be sold fully leased or one 2 BR / 1 BA unit vacant for owner use. 3 of the 4 units have been completley refurbished and the roof was redone very recently. Situated on an expansive lot , the quadruplex boasts generous gated parking and spacious living units. Amenities incluse central air and heating with potential to add a laundry room for additional income.
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 | 4,230 | 2,580 |
| Lot Size | 10,236 | 10,617 |
| Price | $995.0K | $618.7K |
| Price per sq ft | $235 | $295 |
| Built year | 1980 | 1955 |
| HOA | $0 | $0 |
| Days on market | 14 | 102 |
Jul 8, 2026
$995,000
Initial Listing
Mar 1, 2022
$950,000
Public Record
Oct 16, 2018
$548,000
Public Record
Jun 9, 2010
$183,000
Public Record
Dec 29, 2000
$225,000
Public Record
May 19, 2000
$61,500
Public Record
Oct 22, 1997
$148,000
Public Record