651 W 6th Street, San Bernardino, California 92410, San Bernardino, 92410 - bed, bath
ACTIVE$750,000
651 W 6th Street, San Bernardino, California 92410
0Bed
0Bath
2,604Sqft
7,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: The property is a fourplex explicitly marketed for investors, offering immediate rental income potential from multiple units.
Top Cons:
Age of Property: Constructed in 1920, the property is over 100 years old, suggesting potential for significant deferred maintenance, outdated systems (plumbing, electrical), and higher capital expenditure requirements for modernization.
Compared to the nearby listings
Price:$750.0K vs avg $610.0K (+$140,000)92%
Size:2,604 sqft vs avg 1,792 sqft85%
Price/sqft:$288 vs avg $32631%
More Insights
Built in 1920 (105 years old).
Condition: The property was built in 1920, making it over 100 years old. There is no indication of any major renovations, and the provided exterior images show an aged property with overgrown landscaping and a rusty fence, suggesting a lack of recent upkeep. Crucially, the absence of any interior images, especially of the kitchen and bathrooms, strongly implies these areas are in very poor, outdated condition and would require substantial rehabilitation. The property likely has significant deferred maintenance and outdated systems (electrical, plumbing, HVAC) that would necessitate major repairs and upgrades to meet modern standards and comfort.
Year Built
1920
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$288
HOA
-
Days on market
-
Sold On
-
MLS number
DW25045117
Home ConditionPoor
Features
View-
About this home
Fourplex, looking for an investor that looking to rent and keep making profits. 4 units, Unit A, Front house is 3 bed 1 bath, and 3 one-unit apartments.
Condition Rating
Poor
The property was built in 1920, making it over 100 years old. There is no indication of any major renovations, and the provided exterior images show an aged property with overgrown landscaping and a rusty fence, suggesting a lack of recent upkeep. Crucially, the absence of any interior images, especially of the kitchen and bathrooms, strongly implies these areas are in very poor, outdated condition and would require substantial rehabilitation. The property likely has significant deferred maintenance and outdated systems (electrical, plumbing, HVAC) that would necessitate major repairs and upgrades to meet modern standards and comfort.
Pros & Cons
Pros
Income-Generating Asset: The property is a fourplex explicitly marketed for investors, offering immediate rental income potential from multiple units.
Multiple Units: Comprising four distinct units (one 3 bed/1 bath house and three additional apartments), it provides diversified income streams and reduces vacancy risk compared to single-unit properties.
Large Lot Size: A generous 7500 sqft lot offers potential for additional parking, outdoor amenities, or future expansion, subject to local zoning regulations.
Investor-Ready: The listing directly targets investors, indicating a clear value proposition for those seeking to acquire a rental property for profit generation.
Historic Character: Built in 1920, the property may possess unique architectural features and historic charm that can appeal to a specific tenant demographic or offer a distinct aesthetic.
Cons
Age of Property: Constructed in 1920, the property is over 100 years old, suggesting potential for significant deferred maintenance, outdated systems (plumbing, electrical), and higher capital expenditure requirements for modernization.
Vague Unit Details: The description lacks specific details for the '3 one-unit apartments' (e.g., bedroom/bathroom count, square footage), making it challenging to accurately assess their rental value and tenant appeal.
Potential for High Operating Costs: Older multi-unit properties often incur higher utility expenses due to less energy-efficient infrastructure, increased insurance premiums, and ongoing maintenance costs, which can impact net operating income.