765 E 9th St, San Bernardino, California 92410, San Bernardino, 92410 - bed, bath
ACTIVE$1,549,000
765 E 9th St, San Bernardino, California 92410
0Bed
0Bath
17,128Sqft
52,272Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Generation: The property is explicitly stated to generate great income with less upkeep than multi-units, supported by the seller's commercial rental license, making it an attractive investment.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =52272, other record lot size in square feet = 56800.
Compared to the nearby listings
Price:$1.55M vs avg $1.20M (+$349,500)50%
Size:17,128 sqft vs avg 10,105 sqft50%
Price/sqft:$90 vs avg $18350%
More Insights
Built in 1965 (60 years old).
Condition: The property was built in 1965, making it nearly 60 years old. While the listing indicates it generates income and has specific features like private half baths and a two-bedroom apartment, there are no interior images to assess the condition of the kitchen or bathrooms. The exterior images show an aged but seemingly maintained structure with visible older AC units, suggesting outdated systems. The property analysis also notes the 'Age of Structure' and potential for 'older infrastructure, systems, and deferred maintenance or the need for significant upgrades.' This aligns with a 'Fair' condition, where major components are functional but show signs of being outdated, and minor updates or repairs are likely required to meet modern standards.
Year Built
1965
Close
-
List price
$1.55M
Original List price
$1.55M
Price/Sqft
$90
HOA
-
Days on market
-
Sold On
-
MLS number
IG25261347
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
This is NOT zoned Residential Income, see MLS # IG25259505, New year special!! New year special!! Stay invested in this property and make it your own. Zoned UR, land use: Is light industrial, seller has commercial rental license, priced for a fast sale, great comps, instant equity for you, generates great income, with less upkeep like a multi units, seller will consider carrying a small first at favorable interest rate, also discount price for an all-cash offer. not your ordinary storage units many private half baths, one for public use, and a two bedrooms apartment, use your imagination, needs the extra income? look no further, grab this opportunity, near airport, transportation, convenient location.
Condition Rating
Fair
The property was built in 1965, making it nearly 60 years old. While the listing indicates it generates income and has specific features like private half baths and a two-bedroom apartment, there are no interior images to assess the condition of the kitchen or bathrooms. The exterior images show an aged but seemingly maintained structure with visible older AC units, suggesting outdated systems. The property analysis also notes the 'Age of Structure' and potential for 'older infrastructure, systems, and deferred maintenance or the need for significant upgrades.' This aligns with a 'Fair' condition, where major components are functional but show signs of being outdated, and minor updates or repairs are likely required to meet modern standards.
Pros & Cons
Pros
Strong Income Generation: The property is explicitly stated to generate great income with less upkeep than multi-units, supported by the seller's commercial rental license, making it an attractive investment.
Flexible Investment Opportunity: Priced for a fast sale with 'instant equity' and 'great comps,' the seller offers flexible financing options including carrying a small first at a favorable interest rate and a discount for all-cash offers.
Versatile Mixed-Use Zoning: Zoned UR with light industrial land use, the property features unique 'storage units' with private half baths and a two-bedroom apartment, allowing for diverse income streams and tenant types.
Strategic Location: Conveniently located near the airport and transportation, enhancing its appeal for commercial and industrial operations, as well as accessibility for tenants.
Substantial Property Size: With a large 17,128 sqft building on a significant 52,272 sqft lot, the property offers ample space for current operations and potential for future development or expansion.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =52272, other record lot size in square feet = 56800.
Conflicting Property Classification: The MLS lists the property type as 'Residential,' yet the description explicitly states it is 'NOT zoned Residential Income' and has 'light industrial' land use with a commercial rental license, which could cause confusion.
Age of Structure: Built in 1965, the property is nearly 60 years old, which may suggest older infrastructure, systems, and potential for deferred maintenance or the need for significant upgrades to meet modern standards.
Specialized Use Case: While versatile, the specific combination of 'light industrial' zoning, 'storage units' with private baths, and a two-bedroom apartment caters to a niche market, potentially limiting the pool of conventional buyers.