
San Bernardino, California 92404
This quadplex presents a Strong Value Opportunity with a List Price of $849,950—positioned well below the $903,732 Fair Market Value by 5%. This valuation gap offers $53,782 in Instant Equity. With a Fair Condition Rating, the property features a new 2021 roof and 2022 septic system, minimizing deferred maintenance. The inclusion of an additional adjacent parcel provides significant expansion potential. This asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking to capture rent upside in a high-demand submarket.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property is classified as 'Fair' because it is a 'value-add' opportunity with dated interiors requiring refreshes to kitchens and baths. While the age exceeds 30 years, it avoids a 'poor' rating because major capital systems are already addressed, specifically a new 50-year roof installed in 2021 and a reinforced septic system from 2022, ensuring no immediate structural or safety defects.
The property features a new 50-year roof installed in 2021 and a reinforced septic system from 2022, significantly reducing the risk of near-term, big-ticket maintenance expenses.
The inclusion of an additional adjacent parcel (APN: 0273-102-50-0000) provides unique optionality for expanded parking, carports, or potential future development to increase the asset's value.
With current rents below market and a mix of month-to-month leases, the property offers a clear value-add path to increase yield through strategic interior renovations and market-rate adjustments.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10813, other record lot size in square feet = 9960.
As the property is currently fully leased at below-market rates, the immediate return on investment may be lower until the owner can execute unit turnovers and rent increases.
Despite recent reinforcements, a multi-unit property relying on a septic system rather than city sewer requires more diligent long-term monitoring and carries higher operational risk.
Value-Add Quadplex — Rent Upside in High-Demand San Bernardino A well-located four-unit investment offering genuine upside for the buyer who wants to add value and grow income over time. Currently fully leased with rents below current market, the property gives a new owner a clear, executable path to stronger returns as units are improved and rents are brought in line with the area, a classic value-add profile in a submarket with consistent tenant demand. Rent increases have been noticed and take effect in July, with additional upside available as units turn. Each of the four units is a spacious 2 bed / 1 bath with a full kitchen and comfortable living area, a unit mix with proven, durable demand. Two units are month-to-month and two are on annual leases, offering a mix of near-term repositioning potential and in-place stability. As units turn, a strategic interior refresh positions the property to perform in line with renovated comparables nearby. Detailed rent roll and pro forma available to qualified buyers upon request. Importantly, the major capital items are already handled, so improvement dollars go toward income-producing upgrades rather than deferred maintenance. A new 50-year roof done in 2021 and a reinforced septic system done in 2022 mean no near-term surprises on the big-ticket systems. The location is a strong driver of tenant demand. The property sits right next to the newly renovated Pacific High School, a major draw for family renters, and offers quick freeway access for easy commuting across the Inland Empire. Sited on a generous lot with an additional adjacent parcel (APN: 0273-102-50-0000), offering optionality for expanded parking, carports, or future development. Major capex complete, in-place income, and a clear path to growth. A strong fit for the investor looking to buy well and build value. Reach out for the rent roll, pro forma, interior showing, and other questions.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,200 | 4,141 | 50% |
| Lot Size | 10,813 | 12,811.7 | 50% |
| Price | $850.0K | $1.06M | 50% |
| Price per sq ft | $266 | $257 | 50% |
| Built year | 1988 | 1975 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 74 | 50% |
May 20, 2026
$849,950
Initial Listing
Mar 26, 2010
$160,000
Public Record
Mar 26, 2010
$113,000
Public Record
Nov 16, 2005
$265,000
Public Record