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

home-pic
ACTIVE$798,000
188 E 11th Street 1-4, San Bernardino, California 92410
0Bed
0Bath
2,922Sqft
7,500Lot
Year Built
1963
Close
-
List price
$798K
Original List price
$798K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR25208796
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!

Price History

Date
Event
Price
09/09/25
Listing
$798,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (11 Listings)
Beds00
Baths00
Square foot2,9221,841
92%
Lot Size7,5007,151
58%
Price$798K$577K
92%
Price per square foot$273$293.5
33%
Built year19639765977
83%
HOA
Days on market57164
8%
Condition Rating
Fair

The property was built in 1963, making it over 60 years old. While the exterior appears to be well-maintained with fresh paint and a newer roof, and the description mentions 'recent upgrades' to parking, there is no indication or visual evidence of major interior renovations (kitchens, bathrooms, flooring, HVAC) within the last 15-30 years. The presence of window AC units suggests outdated cooling systems. The property is likely functional and maintained, but the interior components are expected to be dated, aligning with the 'Fair' condition criteria for an aged but maintained property with functional but outdated major components.
Pros & Cons

Pros

Strong Investment Potential: Positioned as an 'Exceptional Investment Opportunity' and 'turnkey investment' with 'stable income potential' and 'growth potential' in San Bernardino's growing market.
Strategic & Desirable Location: Centrally located in San Bernardino, offering easy access to local amenities, transportation, and major thoroughfares, nestled in a neighborhood dominated by single-family residences.
Tenant-Friendly Features: Offers a diverse unit mix (2-bed/2-bath and 1-bed/1-bath) and convenient in-unit washer/dryer hookups, enhancing tenant appeal and retention.
Enhanced Security & Privacy: The property is fully gated, providing a safe and private environment for residents, complemented by secure gated parking in the rear.
Streamlined Management & Low Operating Costs: Features separate gas and electric meters for each unit, simplifying property management and minimizing operational expenses, contributing to its low-maintenance profile.

Cons

Property Age & Potential for Dated Systems: Built in 1963, the property's age suggests potential for older infrastructure (e.g., plumbing, electrical, HVAC) that may require significant capital expenditures in the future, despite recent parking upgrades.
Lack of Interior Unit Modernization: The description highlights parking upgrades but does not mention any interior renovations or modernizations to the units, implying they may be dated and could require investment to maximize rental income or attract premium tenants.
Absence of Central Cooling System: There is no mention of a central air conditioning system, which could be a significant drawback for tenant comfort and appeal in San Bernardino's climate, potentially impacting rentability or requiring future installation.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State