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JLee Broker

[email protected] +1(650) 857-1000

Listed by Bill Ung, DRE #02144184 • IRN Realty

$849,950

Est. payment - /mo

10,813 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR26109772

Year Built 1988

Lot Size 10,813 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

Value-Add Quadplex - Rent Upside in High-Demand San Bernardino A well-located four-unit investment offering genuine upside for the buyer who wants to add value and grow income over time. Currently fully leased with rents below current market, the property gives a new owner a clear, executable path to stronger returns as units are improved and rents are brought in line with the area, a classic value-add profile in a submarket with consistent tenant demand. Rent increases have been noticed and take effect in July, with additional upside available as units turn. Each of the four units is a spacious 2 bed / 1 bath with a full kitchen and comfortable living area, a unit mix with proven, durable demand. Two units are month-to-month and two are on annual leases, offering a mix of near-term repositioning potential and in-place stability. As units turn, a strategic interior refresh positions the property to perform in line with renovated comparables nearby. Detailed rent roll and pro forma available to qualified buyers upon request. Importantly, the major capital items are already handled, so improvement dollars go toward income-producing upgrades rather than deferred maintenance. A new 50-year roof done in 2021 and a reinforced septic system done in 2022 mean no near-term surprises on

Location

State CA

County San Bernardino

Area 274 - San Bernardino

Rooms

Kitchen Oven Range - Electric, Oven - Electric

Interior

Heating Central Forced Air

Cooling Central AC, Window / Wall Unit

Laundry In Closet, 30

Exterior

Parking Features Carport

Garage Spaces 8.0

Pool 31, None

View Hills, Local/Neighborhood

Roof Type Shingle

Building

Lot Description Grade - Level, Paved

Sewer Septic Tank / Pump

Water Hot Water, District - Public

Others

Tax ID 0273102480000

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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6915 Barton ST San Bernardino, CA 92404

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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