FOR SALE0.29 ACRES
Listed by David Prewitt, Dream Home Estates, Inc., (949) 415-4646
860 E 2nd St
San Bernardino, CA 92408
International
12 Beds
6 Baths
4,488 sqft (on 0.29 acres)
- 12 Beds
- 6 Baths
- 4,488 sqft (on 0.29 acres)
12 Beds
6 Baths
4,488 sqft
(on 0.29 acres)
Local Information
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Commute Destination
Description
CASH COW! Introducing an Exceptional Investment Opportunity nestled in the heart of the thriving city of San Bernardino, this 6-unit apartment building presents a lucrative venture for discerning investors. Boasting a remarkable gross annual income of $145,620, this property is a testament to stability and potential growth. The complex features six spacious 2-bedroom, 1-bathroom units, each approximately 700 square feet. With a track record of mostly long-term tenants, this investment is already a reliable cash cow. Furthermore, the potential for rent increases and the possibility of upgrades &/or expansion add an enticing layer of upside opportunity. One of the key highlights is the property's approval for Section 8 housing, ensuring consistent income streams and a secure investment environment. The units are low-maintenance, making it an ideal option for investors seeking a hassle-free portfolio addition. Convenience is paramount, with the property strategically located for easy access to the 10 Freeway and 215 Freeway. The proximity to schools, shopping centers, and a burgeoning commercial and industrial area, including major Distribution Centers, enhances the property's appeal. The surrounding area is experiencing rapid development, with the nearby city of San Bernardino poised for significant growth. The ambitious Las Vegas speed rail project, a $12 billion initiative, adds a layer of excitement and potential value appreciation to this investment. San Bernardino International Airport is witnessing an expansion in passenger flights, further underlining the area's economic vitality. Investors looking for an opportunity in a dynamic location with a promising future need not look any further. Seize this chance to capitalize on a fully occupied, Section 8-approved, low-maintenance property in the midst of San Bernardino's growth trajectory. This is more than an investment; it's a strategic move towards long-term success in one of Southern California's most promising real estate markets.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$312
Listed
100 days ago
Home Details for 860 E 2nd St
Interior Features |
|---|
Interior Details Number of Rooms: 1Types of Rooms: Bedroom 2 |
Beds & Baths Number of Bedrooms: 12Number of Bathrooms: 6 |
Appliances & Utilities Laundry: Common Area |
Heating & Cooling Heating: Wall FurnaceHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Wall Furnace |
Windows, Doors, Floors & Walls Common Walls: No Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: front |
Exterior Features |
|---|
Exterior Home Features No Private Pool |
Parking & Garage No Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Conventional Septic |
Surface & Elevation Elevation Units: Feet |
Days on Market |
|---|
Days on Market: 100 |
Property Information |
|---|
Year Built Year Built: 1989 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 0279281340000 |
Price & Status |
|---|
Price List Price: $1,400,000Price Per Sqft: $312 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: San Bernardino |
Agent Information |
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Listing Agent Listing ID: OC24007969 |
Building |
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Building Area Building Area: 4488 Square Feet |
Community |
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Community Features: Gutters, Park, Sidewalks, SuburbanNot Senior Community |
HOA |
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Association for this Listing: California Regional MLS |
Lot Information |
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Lot Area: 0.29 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: All Utilities |
Rental |
|---|
No Rent Control |
Miscellaneous |
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Mls Number: OC24007969Attribution Contact: 949-395-1707 |
Additional Information |
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GuttersParkSidewalksSuburban |
Last check for updates: about 17 hours ago
Listing Provided by: David Prewitt DRE #01818468, (949) 395-1707
Dream Home Estates, Inc.
Originating MLS: California Regional MLS
Source: CRMLS, MLS#OC24007969
Price History for 860 E 2nd St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/20/2024 | $1,400,000 | PriceChange | CRMLS #OC24007969 |
| 01/13/2024 | $1,450,000 | PriceChange | CRMLS #OC24007969 |
| 12/25/2023 | $1,650,000 | Listed For Sale | N/A |
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Comparable Sales for 860 E 2nd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.15 | Multi-Family Home | $510,000 | 05/20/23 | 4 | 3 | 1,536 | |
0.13 | Multi-Family Home | $330,000 | 03/01/24 | 2 | 2 | 1,740 | |
0.45 | Multi-Family Home | $520,000 | 05/05/23 | 5 | 4 | 1,850 | |
0.85 | Multi-Family Home | $550,000 | 01/17/24 | 5 | 3 | 2,634 | |
1.45 | Multi-Family Home | $781,000 | 01/18/24 | 7 | 5 | 4,387 | |
1.45 | Multi-Family Home | $660,000 | 09/13/23 | 6 | 3 | 2,823 | |
1.63 | Multi-Family Home | $690,000 | 05/09/23 | 5 | 4 | 3,095 | |
1.92 | Multi-Family Home | $640,000 | 12/20/23 | 6 | 6 | 2,625 | |
1.52 | Multi-Family Home | $510,000 | 11/13/23 | 4 | 3 | 2,096 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about International
- Tricia P.
- Resident
- 3y ago
"I have lived in this area for 6+ years the property apartment community is well taken care of because of the owners. The area surrounding it is full of homeless down trodden area. Do not recommend"
- Andrew S. .
- Resident
- 3y ago
"san Bernardino is a broken city,homeless everywhere,city is falling apart,potholes everywhere,city officials do nothing and give them selves raises,the whole town is rittled with tweakers,theres no hope,stay far away from san Bernardino if you want a good life."
- Tricia P.
- Resident
- 4y ago
"My neighborhood is down trodden. Lots of homeless on streets and in parks. Do not feel save after dark. Definitely better off with your own vehicle but does have transit close by. "
- Stogdenandrew32
- Resident
- 4y ago
"no sidewalks,stray dogs,homeless people,flys,thieves,stay to yourself dont talk to anyone,carry a weapon of some sort,dont carry money on you"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
David Prewitt, Dream Home Estates, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
860 E 2nd St, San Bernardino, CA 92408 is a 12 bedroom, 6 bathroom, 4,488 sqft multi-family built in 1989. 860 E 2nd St is located in International, San Bernardino. This property is currently available for sale and was listed by CRMLS on Jan 13, 2024. The MLS # for this home is MLS# OC24007969.