24769 5th, San Bernardino, CA 92410

$1,650,000

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List Price
$1,650,000
Status
ACTIVE
MLS#
IV26136819
Year Built
1963
Lot Size
43,560
Acres
1
Lot Location
16-20 Units/Acre, Corner Lot, Lot Over 40000 Sqft, Near Public Transit
Days on Market
46
Property Type
Multifamily
Property Sub Type
Mixed Use

Property Description

Rare opportunity to acquire a mixed-use investment property consisting of five contiguous parcels totaling approximately one acre. This income-producing asset features a 4,000 square foot commercial building combined with multiple residential units, offering a diversified and stable income profile with significant value-add potential. The property includes a commercial structure previously utilized as an automotive/motorcycle-related business, formerly operated as Douglas Motorcycle, along with a 4-bedroom mobile home, a 1-bedroom apartment, and three studio units with kitchen and bath facilities. This unique configuration provides multiple income streams and flexibility for both investors and owner-users. With its substantial land footprint, multiple existing structures, and flexible use potential, the property presents strong upside through rent stabilization, property improvements, and potential redevelopment (buyer to verify zoning and permitted uses). Strategically positioned within the Inland Empire, the asset benefits from strong rental demand, continued regional growth, and proximity to major transportation corridors, making it an attractive opportunity for investors seeking both cash flow and long-term appreciation. “This property presents a rare opportunity with strong income potential and multiple use possibilities. Ideal as a value-add investment or redevelopment site, offering a blank canvas for future construction or repositioning.” (buyer to verify zoning and permitted uses). Current tenants are long term 3-13 years. Ideal for: Developers Value-add investors 1031 exchange buyers Owner-users seeking income offset Redevelopment-focused investors This is a rare chance to acquire a multi-income, land-rich asset with significant upside potential in a high-demand Southern California market.

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
5
Gross Scheduled Income
$41,400
Operating Expense
11148

Listing courtesy of Listing Agent: RAYNISHA BROWN (raynishabrownrealestate@gmail.com) from Listing Office: INTERSTATE REALTY.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.