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$ 1,290,000
Est. payment /mo
New
1123 Bobbett DR San Bernardino, CA 92410
10 Beds
6 Baths
4,188 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,188 sqft
Price per Sqft $308
MLS Listing ID 26863795
Bedrooms 10
HOA Y/N No
Year Built 1948
Lot Size 0.290 Acres
Property Description
Offered at a 6.40% cap rate and 10.48 GRM, 1123 Bobbett Drive delivers strong in-place cash flow with additional long-term upside. The property consists of approximately 4,188 rentable square feet on a 12,622 square foot lot with a unit mix of (4) two-bedroom/one-bathroom units and (2) one-bedroom/one-bathroom units. Most of the units are bungalow style with no shared walls, offering tenants added privacy and helping differentiate the property from traditional apartment layouts. Recent improvements include a newer roof, new electrical breakers in select units, and updated interiors in select units with fresh paint and upgraded finishes. An additional storage area located at the rear of the property provides an opportunity for supplemental rental income, offering investors another potential source of revenue. The property is conveniently located near the 210 and 215 Freeways, providing easy access throughout San Bernardino and the Inland Empire. Tenants also benefit from nearby employment centers, shopping, dining, schools, and everyday services. Combined with its recent improvements, bungalow-style layout, and strong in-place returns, 1123 Bobbett Drive presents an attractive long-term investment opportunity.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Fireplace No
Exterior
Total Parking Spaces 4
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 0278031080000
Special Listing Condition Standard
Listed by Oscar Diaz Marcus & Millichap #02022902
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