246 E 21st, San Bernardino, California 92404, San Bernardino, 92404 - bed, bath
ACTIVE$960,000$3,975/sqft
246 E 21st, San Bernardino, California 92404
0Bed
0Bath
3,975Sqft
10,623Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Generation: The property currently generates approximately $5,500 per month, with clear potential to increase revenue by renting the vacant unit at market value (near $1,800).
Top Cons:
Restricted Initial Access: Interior inspections are only granted after an accepted offer, which may deter some potential buyers from submitting an offer without prior viewing.
Compared to the nearby listings
Price:$960.0K vs avg $652.5K (+$307,500)83%
Size:3,975 sqft vs avg 2,366.5 sqft83%
Price/sqft:$242 vs avg $27117%
More Insights
Built in 1989 (37 years old).
Condition: The property was built in 1989, making it 35 years old. While the exterior appears maintained, there are no interior images or descriptions of the kitchens, bathrooms, appliances, or flooring. Given its age and the lack of renovation details, it's highly probable that the interior components are functional but dated, consistent with a property built 25-40 years ago without major recent renovations. The presence of central air/heat is a positive, but without interior visuals, a 'Fair' rating is appropriate, indicating it likely requires minor updates or shows signs of being outdated.
Year Built
1989
Close
-
List price
$960K
Original List price
$960K
Price/Sqft
$242
HOA
-
Days on market
-
Sold On
-
MLS number
SR25279098
Home ConditionFair
Features
View-
About this home
Excellent fourplex investment opportunity in San Bernardino! Located at 246 E 21st St, this income-producing property generates approximately $5,500 per month. Three units will be delivered tenant-occupied. Two on month-to-month agreements and one with a lease expiring in a couple of months. The fourth unit will be delivered vacant, making it ideal for an owner-user or for renting at market value near $1,800. All 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 units face 21st Street and one faces Wall Street. All offers to be submitted subject to interior inspection. Access provided with an accepted offer.
V
Virginia Diaz
Listing Agent
Price History
Date
Event
Price
08/13/99
Sold
$210,000
03/23/23
Sold
$680,000
02/10/17
Sold
$400,000
12/05/12
Sold
$280,000
Condition Rating
Fair
The property was built in 1989, making it 35 years old. While the exterior appears maintained, there are no interior images or descriptions of the kitchens, bathrooms, appliances, or flooring. Given its age and the lack of renovation details, it's highly probable that the interior components are functional but dated, consistent with a property built 25-40 years ago without major recent renovations. The presence of central air/heat is a positive, but without interior visuals, a 'Fair' rating is appropriate, indicating it likely requires minor updates or shows signs of being outdated.
Pros & Cons
Pros
Strong Income Generation: The property currently generates approximately $5,500 per month, with clear potential to increase revenue by renting the vacant unit at market value (near $1,800).
Desirable Unit Features: All four units offer a sought-after 2-bedroom, 2-bathroom configuration, complete with central air/heat and two assigned secured carports, appealing to a broad tenant base.
Owner-User/Value-Add Opportunity: One unit will be delivered vacant, providing an immediate opportunity for an owner-occupant or for a new investor to rent at current market rates, optimizing income.
Excellent Tenant Amenities: The property includes an onsite laundry room and separate storage for tenants, enhancing convenience and overall property attractiveness.
Strategic Location: Conveniently situated near major freeways, hospitals, and everyday amenities, ensuring strong tenant demand and accessibility.
Cons
Restricted Initial Access: Interior inspections are only granted after an accepted offer, which may deter some potential buyers from submitting an offer without prior viewing.
Immediate Tenant Management Required: A new owner will inherit existing tenants with varying lease terms (two month-to-month, one expiring soon), requiring immediate attention to lease renewals, rent adjustments, or potential turnover.
Significant Recent Price Increase: The current list price of $960,000 represents a substantial increase from its last sale in 2023 ($680,000), which may warrant careful due diligence on current market valuation.