246 E 21st, San Bernardino, California 92404, San Bernardino, 92404 - bed, bath
246 E 21st
San Bernardino, California 92404
Property Price
SUMMARY
Analysis of 246 E 21st, San Bernardino, California 92404 is currently available with a list price of $960,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Bernardino Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1989, this property is 35 years old. The listing provides only exterior images and explicitly states that interior inspections are subject to an approved offer, preventing a direct assessment of kitchens, bathrooms, flooring, and other interior features. Given its age and continuous tenant occupancy without any mentioned recent renovations, it's highly probable that the interiors are original or have received only minor, dated updates. While central air/heat is present, the age of these systems is unknown. The property likely requires minor updates or repairs to modernize the units, aligning with the 'Fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income Potential
This fourplex is an excellent investment opportunity, generating approximately $5,500 per month with all units currently tenant-occupied, ensuring immediate cash flow.
- Desirable Unit Configuration & Amenities
All four units feature a sought-after 2-bedroom, 2-bathroom layout, complete with central air/heat and 2 assigned secured carports per unit, enhancing tenant appeal.
- Onsite Tenant Conveniences
The property offers an onsite laundry room and separate storage facilities, adding significant value and convenience for tenants.
CONSRISKS & DEFICIENCIES
- Limited Pre-Offer Due Diligence
Interior inspections are only permitted after an approved offer, creating uncertainty regarding the current condition of the units and potential unforeseen repair costs.
- Tenant Disturbance Restrictions
The explicit instruction not to disturb tenants can complicate initial property assessments and thorough due diligence for prospective buyers.
- Significant Price Appreciation
The property's list price of $960,000 represents a substantial increase from its $680,000 sale price in 2023, warranting careful market analysis and valuation scrutiny.
About 246 E 21st
Excellent fourplex investment opportunity in San Bernardino! Located at 246 E 21st St, this income-producing property generates approximately $5,500 per month. All units are tenant occupied on a month-to-month agreements. All 4 units feature 2 bedrooms and 2 bathrooms, Central Air/Heat and 2 assigned secured carports. Onsite laundry room, separate storage. Conveniently situated near major freeways, hospitals, and everyday amenities. Please do not disturb tenants. 3 TWO STORY units face 21st Street and 1 ONE STORY UNIT faces Wall Street. All offers to be submitted subject to interior inspection. VIEWINGS WILL BE SCHEDULED WITH AN APPROVED OFFER SUBJECT TO INTERIOR INSPECTION.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1989
- Lot Size
- 10,623 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 2.0 | 50% |
| Baths | - | 1.5 | 50% |
| Square foot | 3,975 | 2,804 | 75% |
| Lot Size | 10,623 | 10,841.5 | 50% |
| Price | $960.0K | $685.0K | 75% |
| Price per sq ft | $242 | $244 | 25% |
| Built year | 1989 | 1952 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 186 | 25% |
Pricing History
Listed for Sale
Dec 22, 2025
$960,000
Initial Listing
Sold
Mar 23, 2023
$680,000
Public Record
Sold
Feb 10, 2017
$400,000
Public Record
Sold
Dec 5, 2012
$280,000
Public Record
Sold
Aug 13, 1999
$210,000
Public Record