236 E 48th Street, Property Listing: MLS® #DW23230842

PRIDE OF OWNERSHIP !!!! Consisting of 20 units in excellent condition , the current owner has made it a priority to perform routine maintenance and create a strong community cohesion , the manager onsite was tasked with renting to well qualify tenants which has resulted in far less turnover when compared to neighboring apartments and with plenty of room to increase rents. This 20 unit complex is composed of a very desirable unit mix of one three bedrooms ,five two bedrooms and 14 one bedrooms . All units have free standing stoves , separate washer and dryer room for extra income. Located 5 minutes away from Cal State San Bernardino this property offers an outstanding investment opportunity for investors seeking to capitalize on the growing demand for student housing AND FOR THE CHERRY ON TOP THE EXISTING LOAN IS ASSUMABLE !!!!!! SELLER HAS GIVING NOTICE TO ALL TENNANTS AND BEGINNING MAY 1ST ALL RENTS ARE INCREASE 9.40%

236 E 48th Street, Property Listing: MLS® #DW23230842 Close
Page Summary
  • 619-987-4851
REDUCED
  • MLS® #: DW23230842
  • 236 E 48th Street
  • , CA 92679
  • $3,300,000
  • 0.68 Acres
  • Office: Classic Investments

PRIDE OF OWNERSHIP !!!! Consisting of 20 units in excellent condition , the current owner has made it a priority to perform routine maintenance and create a strong community cohesion , the manager onsite was tasked with renting to well qualify tenants which has resulted in far less turnover when compared to neighboring apartments and with plenty of room to increase rents. This 20 unit complex is composed of a very desirable unit mix of one three bedrooms ,five two bedrooms and 14 one bedrooms . All units have free standing stoves , separate washer and dryer room for extra income. Located 5 minutes away from Cal State San Bernardino this property offers an outstanding investment opportunity for investors seeking to capitalize on the growing demand for student housing AND FOR THE CHERRY ON TOP THE EXISTING LOAN IS ASSUMABLE !!!!!! SELLER HAS GIVING NOTICE TO ALL TENNANTS AND BEGINNING MAY 1ST ALL RENTS ARE INCREASE 9.40%

Supplemental Remarks

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Essential Information

  • MLS® #DW23230842
  • Listing Price$3,300,000
  • Original Listing Price$3,790,000
  • Date ListedJanuary 4th, 2024
  • Days on Market116
  • Bathrooms0.00
  • Acres0.68
  • Lot Sq.Ft.29,501
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • Address236 E 48th Street
  • AreaOC - TRABUCO CANYON (92679)
  • CountySan Bernardino
  • StateCA
  • Zip Code92679

Amenities

  • PoolN/K

Interior

  • # of Stories2

Exterior

  • Lot DescriptionCurbs, Sidewalks
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Listing information last updated on April 30th, 2024 at 1:27pm PDT.