860 E 2nd St San Bernardino, CA 92408

Price
$1,450,000
Listed On
Type
For Sale
Status
Active
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
860 E 2nd St, San Bernardino, CA 92408
12 Beds
6 Bath
4488 sqft
Asking  $1,450,000

Snapshot

Property Type
Apartment
Lot Size
0.29 acres
Property Sqft
4,488
MLS Number
OC24007969
Year Built
1989
Days On Market

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.

More Details

Provider
Dream Home Estates
MLS ID
MRMLSCA
MLS Name
California Regional Multiple Listing Service, Inc
MLS Number
OC24007969
Source
listhub
PARTICIPANT
Name
David Prewitt
Primary Phone
(949) 395-1707
Key
3YD-MRMLSCA-SPREWDAV
Email
david@dreamhomeestates.com
BROKER
Name
Dream Home Estates
Phone
(949) 415-4646
OFFICE
Name
Dream Home Estates, Inc.
Phone
(949) 415-4646
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

History

DateEventPrice$/SqftSource
Listed For Sale$1,450,000 $323Dream Home Estates, Inc.
Report issue with price history

Nearby Schools

Elementary, Middle & High School

Anderson

0.6 miles awayKG - 12

Elementary School

Star At Anderson Community Day

0.6 miles awayKG - 06

Elementary School

Monterey Elementary

0.7 miles awayKG - 06
Show more
Get more info on 860 E 2nd St, San Bernardino, CA 92408
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David Prewitt
Listing Agent
(949) 395-1707
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Profile
David Prewitt
Listing Agent
(949) 395-1707
By pressing request info, you agree that Residential and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means.