1154 Gould St - Apartments FOR SALE


San Bernardino, CA 92408- Riverview
$1,299,990 USD
951-283-5015
1154 Gould St, San Bernardino, CA for Sale
$1,299,990 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1154 Gould St
San Bernardino, CA 92408
Riverview


HIGHLIGHTS

  • Major Corner Lot - 0.62 acres
  • ±30,000 Cars Per Day
  • Zone Change to CG-1 Opportunity
  • Multifamily Development Opportunity
  • Closeby Costco, In-N-Out, Starbucks, & 10 Fwy
  • Collect Rent$$$ during entitlement

OVERVIEW

**PRIME CORNER** investment opportunity located at the northeast corner of Tippecanoe Avenue and Gould Street in San Bernardino, CA. This property features four income-producing rental units situated on approximately 0.62 acres across two parcels. Currently zoned RMH (Residential 24 units per acre), the site offers strong potential for more multifamily units or a zone change to CG-1 (General Commercial), which would allow for fast food, gas station, or retail chain and many other commercial uses to optimize the high traffic corner. Discussions with the city have been well received with positive feedback for the potential zone change to CG-1, as it would be consistent with the existing commercial developments directly across the street. Positioned along a major arterial with approximately 30,000 cars per day, this highly visible location is just one minute from the I-10 Freeway and five minutes from Loma Linda University Medical Center and San Bernardino International Airport. The property provides immediate rental income during the entitlement or redevelopment phase, making it an ideal opportunity for developers, investors, or owner/users seeking a well-located infill site with strong upside potential.

FOR SALE DETAILS

PRICE

$1,299,990 USD

PRICE/SF

$370 USD /SF

# OF UNITS

4

PRICE/UNIT

$324,998

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NEC Tippecanoe Ave & Gould St, San Bernardino

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,955 SF

ZONING

RMH

APN/PARCEL ID

0281-112-25,0281-112-26

ASK ABOUT THIS PROPERTY

Bobby MendezRE/MAX CommercialMore Info
951-283-5015

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Bobby MendezRE/MAX CommercialMore Info
951-283-5015

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.