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
TR25252293
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
11/02/25
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 market3164
8%
Condition Rating
Fair

Built in 1963, this property is 61 years old. While the exterior appears to be maintained with fresh paint and a decent roof, there are no interior photos provided. This strongly suggests that the kitchens and bathrooms are original or have only received very minor, cosmetic updates over the decades, making them significantly outdated in terms of style and features. The description mentions 'turnkey investment' and 'low maintenance,' implying functionality, but this does not equate to modern condition. The property fits the 'Fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated, and likely requiring minor updates or repairs, especially in the interior spaces.
Pros & Cons

Pros

Strong Investment Profile: This 4-unit multifamily property is explicitly marketed as an 'Exceptional Investment Opportunity' with 'stable income potential' and 'low maintenance requirements', making it attractive to investors.
Strategic & Desirable Location: Centrally located in San Bernardino with easy access to amenities and major thoroughfares, and situated in a 'desirable neighborhood dominated by single-family residences', enhancing tenant appeal and property stability.
Tenant-Centric Amenities & Security: Features include highly desirable in-unit washer/dryer hookups, a fully gated property, and gated rear parking, significantly enhancing tenant convenience, safety, and retention.
Streamlined Management & Low Operating Costs: Separate gas and electric meters for each unit simplify utility allocation, minimize landlord operating expenses, and streamline property management.
Diverse Unit Mix & Market Growth Potential: The property offers a mix of 1-bedroom and 2-bedroom units, catering to a broad tenant base, and benefits from San Bernardino's 'growing market' for potential rent and value appreciation.

Cons

Property Age: Built in 1963, the property is over 60 years old, which may indicate potential for aging systems (plumbing, electrical, HVAC, roof) and higher future capital expenditure requirements not explicitly addressed by the mentioned 'recent upgrades' limited to repainted parking spaces.
Lack of Detailed Renovation Information: While described as 'turnkey', the property description lacks specific details on significant recent renovations or upgrades to the units themselves or major building systems, suggesting potential for deferred maintenance or necessary modernization.
Absence of Financial Performance Data: The listing highlights 'stable income potential' and 'low operating expenses' but does not provide current rental income, expense figures, or a cap rate, requiring prospective investors to conduct extensive financial due diligence.

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