460 S Berkeley Ave - Specialty FOR SALE


San Bernardino, CA 92410- Downtown San Bernardino
$329,900 USD
460 S Berkeley Ave, San Bernardino, CA for Sale
$329,900 USD
Specialty - FOR SALE
1/17
null | Request Cap Rate

460 S Berkeley Ave
San Bernardino, CA 92410
Downtown San Bernardino


HIGHLIGHTS

  • Legal house in a Commercial Zone. Established residence confirmed by a 2022 City zoning letter
  • CCS-1 zoning with office and automotive-related commercial potential
  • Approximately 9,500 sq ft lot with substantial usable yard space
  • Near the 215 Freeway and Loma Linda University Health
  • Potential 1031 exchange replacement with in-place income and future commercial upside
  • $2,050 monthly rent with tenants paying all utilities. Established tenants with excellent payment history willing to sign a new lease

OVERVIEW

AFFORDABLE INCOME-PRODUCING PROPERTY WITH COMMERCIAL UPSIDE! An excellent opportunity for investors, owner-users or buyers seeking a potential 1031 exchange replacement property at an accessible price. The property currently generates $2,050 per month, or $24,600 in annual gross rent. Established month-to-month tenants have occupied the home since 2023, pay all utilities (including septic pumping), have an excellent payment history and are willing to sign a new lease with the new owner. The approximately 9,500 sq ft lot provides substantial usable yard space for RVs, trucks, equipment or storage. The remodeled residence includes split-unit heating and air conditioning and may continue as a legally established residential use. A 2022 City letter confirms its status and limited reconstruction rights following a catastrophe. CCS-1 zoning provides future commercial potential. Uses identified by the City include administrative and professional offices, auto-parts sales, new car/RV/truck sales and vehicle leasing or rental with a Development Permit. Used car/RV/truck sales and service stations may be considered with a Conditional Use Permit. All uses and permit requirements must be independently verified with the City. Conveniently located near the 215 Freeway and Loma Linda University Health. Ideal for collecting rent today while holding for future commercial use. Property is sold AS IS. Photos are from 2023, before tenant occupancy; current condition may differ. Buyers completing a 1031 exchange should consult their tax and legal advisers.

FOR SALE DETAILS

PRICE

$329,900 USD

PRICE/SF

$550 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

460 S Berkeley Ave, San Bernardino, CA

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,500 SF

ZONING

CCS-1

APN/PARCEL ID

0136-162-17

ASK ABOUT THIS PROPERTY

Enrique Vasquez-PlazaCentury 21 MastersMore Info

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Enrique Vasquez-PlazaCentury 21 MastersMore Info

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