2523 Ogden Street Unit 1-4, San Bernardino, CA 92407
- $1,100,000
- List Price
- $1,100,000
- Price Change
- ▼ $80,000 1777108415
- Status
- ACTIVE
- MLS#
- WS26031250
- Year Built
- 1949
- Lot Size
- 28,600
- Acres
- 0.66
- Lot Location
- Front Yard, Lawn, Landscaped
- Days on Market
- 165
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
Fully Upgraded 4-Unit Investment Opportunity – Now Offering 8.10% Cap Rate. This exceptional turnkey four-plex offers strong cash flow and extensive recent upgrades, situated on a spacious 28,000+ SF lot in Muscoy, a safe North San Bernardino community with high tenant demand. The property consists of three spacious 2-bedroom/1-bath units and one large 3-bedroom/2-bath unit, all designed with functional layouts and modern open-floor-plan interiors that tenants appreciate. This asset has undergone substantial capital improvements, including new electrical panels, four individual electrical meters, brand-new reroofing, and 13 newly installed split HVAC systems, with A/C units placed in individual rooms for enhanced comfort and efficiency. Durable tile flooring throughout minimizes future maintenance and supports long-term ownership stability. Each unit offers a private front yard and fenced backyard, in-unit washer and dryer hookups, and ample on-site parking, amenities that consistently attract quality tenants. Rental demand is extremely strong; Unit #2 was recently rented within just three days of listing, demonstrating the property’s desirability and ease of leasing. Current rents remain below market levels, providing clear upside potential for future increases. Tenants enjoy the open layouts, private outdoor spaces, and modern HVAC systems, making this a competitive and desirable rental asset. With a newly improved 8.10% cap rate, stabilized occupancy, major system upgrades completed, and a large lot offering long-term value, 2523 Ogden Street presents a rare low-maintenance investment opportunity with immediate income and strong future growth potential.
Additional Information
- Pool Description
- None
- Heat
- Electric
- Cooling
- Yes
- Cooling Description
- Electric, Wall/Window Unit(s)
- View
- None
- Roof
- Shingle
- Garage Spaces Total
- 1
- Sewer
- Septic Type Unknown
- Water
- Public
- Interior Features
- Quartz Counters, All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $106,320
- Operating Expense
- 17102
Listing courtesy of Listing Agent: VUOCHMEY LAY (vmeylay@outlook.com) from Listing Office: Mey Lay Realty Group.
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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.