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Listed by Shule Song • Real Broker
$1,650,000
Est. payment /mo
7,138 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,138 sqft
Price per Sqft $231
MLS Listing ID OC-26096726
Year Built 1983
Lot Size 0.303 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
An 8 unit building offering a 6.75% cap rate, easy management. The property sits in a quiet San Bernardino pocket and offers reliable income with room for rent growth. It sits on about half an acre with roughly 7138 square feet of building area. Parking options include carports, open spaces, curb parking. All of units are two bedroom one bath layouts with central AC and wood floors helps attract long term renters. Property features include dual pane windows, a part of new roof, an on site laundry room, and open no grass areas. Each unit is separately metered for electricity and gas which helps lower owner expenses. The property is around 10% rent upside which gives buyers a clear and simple path to stronger cash flow. Strong renter demand in this area supports year round occupancy. The location provides quick access to the 210, 215, and 10 freeways along with nearby retail and services that support long term renter stability. This area offers an easy commute to major Inland Empire employment centers. Date Street is a clean, easy to run 8 unit offering that combines stable income, strong building features, and measurable upside in a proven San Bernardino rental pocket.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Fireplaces Type None
Laundry Individual Room
Exterior
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900