258 Bryant St, San Bernardino, California 92408, San Bernardino, 92408 - bed, bath
ACTIVE$1,750,000
258 Bryant St, San Bernardino, California 92408
0Bed
0Bath
6,480Sqft
13,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential & Scale: The property consists of two fourplexes, totaling eight units, offering substantial rental income potential and economies of scale for investors.
Top Cons:
Property Age: Built in 1987, the property is 37 years old, which may imply older underlying systems (e.g., plumbing, electrical, HVAC) that could require future maintenance or upgrades not covered by recent cosmetic improvements.
Compared to the nearby listings
Price:$1.75M vs avg $1.23M (+$525,000)50%
Size:6,480 sqft vs avg 4,124 sqft50%
Price/sqft:$270 vs avg $33350%
More Insights
Built in 1987 (38 years old).
Condition: The property was built in 1987, making it 37 years old. While the listing mentions recent exterior improvements such as new windows, updated paint, renovated landscaping, and new fencing, there is a noted 'Limited Interior Unit Renovation Detail' in the property analysis. This suggests that the interior units, including kitchens and bathrooms, are likely original or have only received minor cosmetic updates, making them outdated in style and features. The exterior appears maintained, but the lack of comprehensive interior renovations for a property of this age places it in the 'Fair' category, indicating it is aged but maintained, with functional but outdated major components that would require minor updates or repairs to meet modern standards.
Year Built
1987
Close
-
List price
$1.75M
Original List price
$1.8M
Price/Sqft
$270
HOA
-
Days on market
-
Sold On
-
MLS number
OC25247970
Home ConditionFair
Features
Good View:
View-
About this home
Introducing 258 & 266 Bryant St. Two updated fourplexes in downtown San Bernardino totaling eight units. Each building offers spacious 2 bed / 1 bath units with carport parking and on-site laundry. Recent improvements include new windows, updated paint, renovated landscaping, new fencing, and an upgraded dumpster area. Convenient location near restaurants, shops, and major freeways. Properties are on separate parcels and located within a designated Opportunity Zone. Even more opportunity to qualify for residential financing due to the two 4 unit properties. Stabilized Cap Rate 7.36% Contact Listing Brokers for the Offering Memorandum.
Condition Rating
Fair
The property was built in 1987, making it 37 years old. While the listing mentions recent exterior improvements such as new windows, updated paint, renovated landscaping, and new fencing, there is a noted 'Limited Interior Unit Renovation Detail' in the property analysis. This suggests that the interior units, including kitchens and bathrooms, are likely original or have only received minor cosmetic updates, making them outdated in style and features. The exterior appears maintained, but the lack of comprehensive interior renovations for a property of this age places it in the 'Fair' category, indicating it is aged but maintained, with functional but outdated major components that would require minor updates or repairs to meet modern standards.
Pros & Cons
Pros
High Income Potential & Scale: The property consists of two fourplexes, totaling eight units, offering substantial rental income potential and economies of scale for investors.
Recent Capital Improvements: Significant recent updates including new windows, updated paint, renovated landscaping, new fencing, and an upgraded dumpster area, reducing immediate capital expenditure for a new owner.
Opportunity Zone Designation: Located within a designated Opportunity Zone, providing potential tax benefits and incentives for investors.
Favorable Financing Eligibility: The structure of two 4-unit properties allows for potential qualification for residential financing, which can be more advantageous than commercial loans for some investors.
Strong Stabilized Cap Rate: A reported stabilized Cap Rate of 7.36% indicates a healthy return on investment for this income-generating asset.
Cons
Property Age: Built in 1987, the property is 37 years old, which may imply older underlying systems (e.g., plumbing, electrical, HVAC) that could require future maintenance or upgrades not covered by recent cosmetic improvements.
Recent Price Reduction: The property has seen a recent price drop from $1.8M to $1.75M, which could suggest initial overpricing or a lack of immediate buyer interest at the original asking price.
Limited Interior Unit Renovation Detail: While common areas and exterior have seen updates, the description does not explicitly detail comprehensive interior renovations for all eight units beyond 'updated paint,' potentially indicating future upgrade costs for individual unit interiors to maximize rental income.