$1,750,000
$1,795,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
0.97 Acres Lot
SOLD DATE : 06/10/2024
Key Details
Sold Price $1,750,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR24048476
Sold Date 06/10/24
HOA Y/N No
Year Built 1964
Lot Size 0.970 Acres
Property Description
Great location! North of 210 Fwy, in the Arrowhead Farms area, close to Cal State San Bernardino (only 5 minutes drive from Cal State San Bernardino). Walking distance to convenient store and supermarket and retail centers. This apartment property has 9 attached bungalow-style apartment units, all single story. It is easy to manage and easy to rent with good rental income. Total of 9 units, all 2 bedroom/1 bathroom. Each unit has its own attached 1-car garage. Unit #1 and #9 has its own private yard with fence. Most importantly, this property has a large lot (over 42k sq.ft.) which provides plenty of additional parking space, and has potential for future construction of additional rental units. Most of the current tenants have been long-term tenants paying below market rent. Hence, great upside potential in rental income for investor.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Zoning RM
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 9.0
Garage Description 9.0
Pool None
Community Features Foothills
Total Parking Spaces 9
Private Pool No
Building
Lot Description Lot Over 40000 Sqft
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0265241030000
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Karim Wahba • Real Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "