188 E 11th Street 1-4, San Bernardino, California 92410, San Bernardino, - bed, bath

home-pic
ACTIVE$850,000
188 E 11th Street 1-4, San Bernardino, California 92410
0Bed
0Bath
2,922Sqft
7,500Lot
Year Built
1963
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR25137115
Home ConditionFair
Features
Good View:
View-

About this home

Exceptional Investment Opportunity in San Bernardino! We present a rare gem in the heart of San Bernardino - a 4-unit multifamily property nestled in a desirable neighborhood dominated by single-family residences. This turnkey investment offers a unique blend of income potential and low maintenance requirements. Key Features: - Strategic Location: Centrally located in San Bernardino, providing easy access to local amenities, transportation hubs, and major thoroughfares. - Diverse Unit Mix: The property boasts a mix of 2-bedroom/2-bathroom and 1-bedroom/1-bathroom units, catering to a wide range of tenants. - In-Unit Amenities: Each unit comes with washer/dryer hookups, enhancing tenant convenience and appeal. - Secure and Private: The property is fully gated, ensuring a safe and private environment for residents. Gated parking in the rear provides added security and convenience. - Low Maintenance: With separate gas and electric meters for each unit, property management is streamlined, and expenses are easily allocated. - Recent Upgrades: Parking spaces have been repainted, maintaining a well-maintained appearance and enhancing curb appeal. Investment Highlights: - Stable Income Potential: With four units and a mix of 1 and 2-bedroom configurations, this property offers a stable source of rental income. - Low Operating Expenses: The property's design and separate utility meters help minimize maintenance and operational costs. - Growth Potential: San Bernardino's growing market presents opportunities for rent growth and increased property value. Don't Miss This Opportunity! This property is a rare find in a desirable location, offering a unique chance to invest in a low-maintenance, income-generating asset. Schedule a viewing today to take advantage of this exceptional investment opportunity!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (11 Listings)
Beds00
Baths00
Square foot2,9221,841
92%
Lot Size7,5007,151
58%
Price$850K$577K
92%
Price per square foot$291$293.5
50%
Built year19639765977
83%
HOA
Days on market140164
42%
Condition Rating
Fair

The property was built in 1963. The images show the exterior has been maintained, but the units appear to be aged with some deferred maintenance. The description mentions recent upgrades to parking spaces, but there's no mention of interior renovations. The presence of window bars and exterior AC units suggests an older building. Overall, it appears to be aged but maintained.
Pros & Cons

Pros

Income Potential: The property offers a stable source of rental income with four units and a mix of 1 and 2-bedroom configurations.
Low Maintenance: Separate gas and electric meters for each unit streamline property management and expense allocation, minimizing operational costs.
Secure Environment: The property is fully gated, ensuring a safe and private environment for residents, with gated parking in the rear for added security.
In-Unit Amenities: Each unit includes washer/dryer hookups, enhancing tenant convenience and appeal.
Strategic Location: Centrally located in San Bernardino, providing easy access to local amenities, transportation hubs, and major thoroughfares.

Cons

Year Built: Built in 1963, the property may require updates to meet modern standards and tenant expectations.
Potential Renovation Costs: While described as turnkey, older properties often require ongoing maintenance and potential upgrades, which could impact initial investment returns.
Market Conditions: San Bernardino's market growth potential is mentioned, but local economic conditions and rental demand should be thoroughly researched to ensure projected income is realistic.

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