Bought with Ron Ramos
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Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV25136949
Sold Date 07/31/25
Style Contemporary
Year Built 2022
Lot Size 0.268 Acres
Property Sub-Type Duplex
Source California Regional MLS
Property Description
Generate immediate and secure cash flow with this exceptional North San Bernardino property, perfect for savvy investors or those utilizing a 1031 exchange. This unique offering features two distinct, modern residences on a single lot, producing a combined gross rental income of $4,150 per month. Peace of mind is built-in, as tenants in both the front house and the ADU have been professionally vetted and placed by a reputable 4-star property management company, ensuring a reliable income stream from day one. To maximize your return on investment, the property utilizes a Ratio Utility Billing System (RUBS), meaning tenants pay for all major utilities, including water, trash, electricity, and gas. The front house is a beautifully updated 3-bedroom, 2-bathroom home leased at $2,500/month. The interior shines with contemporary finishes, including luxury vinyl plank flooring, sleek quartz countertops, and stainless steel appliances. The private, newly constructed 1-bedroom, 1-bathroom ADU generates an additional $1,650/month. Whether you're looking to expand your portfolio or live in one unit (once the tenant's lease expires) while the other offsets your mortgage, this property is a turnkey solution. Located within walking distance to schools, parks, shopping, and dining, thi
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Rooms
Kitchen Dishwasher, Garbage Disposal
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other, Stacked Only
Exterior
Parking Features Garage, Other
Garage Spaces 2.0
Pool 31, None
View Hills
Building
Story One Story
Foundation Concrete Slab
Water District - Public
Architectural Style Contemporary
Others
Tax ID 0261771280000
Special Listing Condition Not Applicable
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033