246 E 21st, San Bernardino, California 92404, San Bernardino, 92404 - 0 bed, 0 bath
Loading property details...
San Bernardino, California 92404
This Income-Producing Quadruplex represents a stable multi-family asset with a List Price of $960,000, aligning with its $960,000 Fair Market Value. The property generates approximately $5,500 in monthly revenue across four units, each offering a sought-after 2-bedroom, 2-bathroom configuration with Central Air/Heat and Secured Carports. Currently in Fair Condition Rating, the asset includes onsite laundry and is located within the San Bernardino City Unified district. This acquisition offers immediate cash flow and value-add potential for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 246 E 21st Subject | $960,000* List Price | 0 | 0 | 3,975 | $242 | - |
A 1487 Belle Street Sold | $685,000 | 6 | 4 | 2,804 | $244 | 0.5 mi |
B 1487 Belle Street Sold | $685,000 | 0 | 0 | 2,804 | $244 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
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.
This fourplex is an excellent investment opportunity, generating approximately $5,500 per month with all units currently tenant-occupied, ensuring immediate cash flow.
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.
The property offers an onsite laundry room and separate storage facilities, adding significant value and convenience for tenants.
Interior inspections are only permitted after an approved offer, creating uncertainty regarding the current condition of the units and potential unforeseen repair costs.
The explicit instruction not to disturb tenants can complicate initial property assessments and thorough due diligence for prospective buyers.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 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 | 121 | 231 | 25% |
Dec 22, 2025
$960,000
Initial Listing
Mar 23, 2023
$680,000
Public Record
Feb 10, 2017
$400,000
Public Record
Dec 5, 2012
$280,000
Public Record
Aug 13, 1999
$210,000
Public Record