1123 Bobbett DR, San Bernardino, CA 92410
1123 Bobbett DR, San Bernardino, CA 92410
1123 Bobbett DR, San Bernardino, CA 92410
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,290,000
Est. payment /mo
10 Beds
6 Baths
4,188 SqFt
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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

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Listed by Oscar Diaz Marcus & Millichap #02022902

NEARBY SCHOOL & BUSINESS

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