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… Read More 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. Read Less
Courtesy of IRN Realty 626-447-5100
Listing Snapshot
Days Online
57
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,200
Lot Size
0.25 Acres
Year Built
1988
MLS Number
AR26109772MR
30 Days Snapshot Of 92404
$505k
0%
(avg) sold price
0
-100%
homes sold
61
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Oven-Electric", "Range", "In Closet", "Washer Hookup"
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