UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26109772
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1988
Lot Size 10,811 Sqft
Property Sub-Type Quadruplex
Property Description
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 the big-ticket systems.
The location is a strong driver of tenant demand. The property sits right next to the newly renovated Pacific High School, a major draw for family renters, and offers quick freeway access for easy commuting across the Inland Empire.
Sited on a generous lot with an additional adjacent parcel (APN: 0273-102-50-0000), offering optionality for expanded parking, carports, or future development.
Major capex complete, in-place income, and a clear path to growth. A strong fit for the investor looking to buy well and build value. Reach out for the rent roll, pro forma, interior showing, and other questions.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Zoning RM
Rooms
Other Rooms Shed(s)
Interior
Interior Features All Bedrooms Up
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Wood
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Electric Range, Electric Water Heater, Sump Pump
Laundry Washer Hookup, Laundry Closet
Exterior
Parking Features Carport
Carport Spaces 4
Fence Average Condition
Pool None
Community Features Storm Drain(s), Street Lights
Utilities Available Natural Gas Not Available
View Y/N Yes
View Mountain(s), Neighborhood
Roof Type Asbestos Shingle
Accessibility None
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Lawn, Level, Near Public Transit, Paved, Rectangular Lot, Street Level
Story 4
Entry Level Two
Sewer Septic Tank
Water Public
Level or Stories Two
Additional Building Shed(s)
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 0273102480000
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition Standard
Nearby School & Business