UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS26031250
HOA Y/N No
Year Built 1949
Lot Size 0.657 Acres
Property Sub-Type Quadruplex
Property Description
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 7.56% 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.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Interior Features Quartz Counters, All Bedrooms Down
Heating Electric
Cooling Electric, Wall/Window Unit(s)
Flooring Tile
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Inside, Propane Dryer Hookup
Exterior
Parking Features Door-Single, Driveway, Garage, RV Potential, One Space, Uncovered, Unpaved
Garage Spaces 1.0
Garage Description 1.0
Fence Wire
Pool None
Community Features Suburban
Utilities Available Electricity Available, Water Available
View Y/N No
View None
Roof Type Shingle
Accessibility Parking
Total Parking Spaces 8
Private Pool No
Building
Lot Description Front Yard, Lawn, Landscaped
Story 1
Entry Level One
Sewer Septic Type Unknown
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0262151170000
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Nearby Locations
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