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$ 1,290,000
Est. payment /mo
Active
1123 Bobbett Drive San Bernardino, CA 92410
4,188 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,188 sqft
Price per Sqft $308
MLS Listing ID CL26863795
HOA Y/N No
Year Built 1948
Lot Size 0.290 Acres
Acres 0.2898
Property Sub-Type Other
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
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 0278031080000
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Listed by Oscar Diaz • Marcus & Millichap