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221 E Olive Street

San Bernardino, CA 92410
  • $1,285,000
  • STATUS: ACTIVE
  • ON SITE: 11 Days
  • ID#: CV24140678
$1,285,000
  • 3
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present the opportunity to acquire a six-unit property located at 221 E Olive Street in the city of San Bernardino. The property building size totals 4,294 SF and is situated on a well-maintained 7,362 square foot lot. 221 E Olive Street is conveniently located minutes away from the 215 and 210 Freeway and its cross streets are Wall Avenue and E 10th Street. The property offers convenient access to the San Bernardino Downtown Metrolink rail station, shopping centers, restaurants, and other popular retailers all within a short distance. The property offers convenient access to the 210, 215, 91, 60 and 10 freeways connecting to Riverside, Orange, and Los Angeles Counties. Neighboring cities include Riverside, Highland, Colton, Redlands, Yucaipa, and Loma Linda. Significant local landmarks within a 20-mile radius include: San Bernardino International Airport, Inland Center Mall, Waterman Discount Mall, Cal State University San Bernardino, Loma Linda University Medical Center and Yaamava Resort & Casino, to name a few. 221 E Olive Street is a prime Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity. We are pleased to present the opportunity to acquire a six-unit property located at 221 E Olive Street in the city of San Bernardino. The property building size totals 4,294 SF and is situated on a well-maintained 7,362 square foot lot. 221 E Olive Street is conveniently located minutes away from the 215 and 210 Freeway and its cross streets are Wall Avenue and E 10th Street. The property offers convenient access to the San Bernardino Downtown Metrolink rail station, shopping centers, restaurants, and other popular retailers all within a short distance. The property offers convenient access to the 210, 215, 91, 60 and 10 freeways connecting to Riverside, Orange, and Los Angeles Counties. Neighboring cities include Riverside, Highland, Colton, Redlands, Yucaipa, and Loma Linda. Significant local landmarks within a 20-mile radius include: San Bernardino International Airport, Inland Center Mall, Waterman Discount Mall, Cal State University San Bernardino, Loma Linda University Medical Center and Yaamava Resort & Casino, to name a few. 221 E Olive Street is a prime Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
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221 E Olive Street San Bernardino, CA 92410

  • Price: $1,285,000
  • Status: ACTIVE
  • On Site: 11 Days
  • ID#: CV24140678
3
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
San Bernardino (92410)
County:
San Bernardino
Area:
San Bernardino (92410)
Property Description
We are pleased to present the opportunity to acquire a six-unit property located at 221 E Olive Street in the city of San Bernardino. The property building size totals 4,294 SF and is situated on a well-maintained 7,362 square foot lot. 221 E Olive Street is conveniently located minutes away from the 215 and 210 Freeway and its cross streets are Wall Avenue and E 10th Street. The property offers convenient access to the San Bernardino Downtown Metrolink rail station, shopping centers, restaurants, and other popular retailers all within a short distance. The property offers convenient access to the 210, 215, 91, 60 and 10 freeways connecting to Riverside, Orange, and Los Angeles Counties. Neighboring cities include Riverside, Highland, Colton, Redlands, Yucaipa, and Loma Linda. Significant local landmarks within a 20-mile radius include: San Bernardino International Airport, Inland Center Mall, Waterman Discount Mall, Cal State University San Bernardino, Loma Linda University Medical Center and Yaamava Resort & Casino, to name a few. 221 E Olive Street is a prime Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity. We are pleased to present the opportunity to acquire a six-unit property located at 221 E Olive Street in the city of San Bernardino. The property building size totals 4,294 SF and is situated on a well-maintained 7,362 square foot lot. 221 E Olive Street is conveniently located minutes away from the 215 and 210 Freeway and its cross streets are Wall Avenue and E 10th Street. The property offers convenient access to the San Bernardino Downtown Metrolink rail station, shopping centers, restaurants, and other popular retailers all within a short distance. The property offers convenient access to the 210, 215, 91, 60 and 10 freeways connecting to Riverside, Orange, and Los Angeles Counties. Neighboring cities include Riverside, Highland, Colton, Redlands, Yucaipa, and Loma Linda. Significant local landmarks within a 20-mile radius include: San Bernardino International Airport, Inland Center Mall, Waterman Discount Mall, Cal State University San Bernardino, Loma Linda University Medical Center and Yaamava Resort & Casino, to name a few. 221 E Olive Street is a prime Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Exterior Features

Pool N/K Site CurbsSidewalks

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Actual Cap Rate 5.67 Annual Expense Actual 37930 Buildings 1 Cfd Mello Roos Fee 1611.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 11.02 Gross Scheduled Income Actual 116580 Monthly Total Fees 134 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1295.0 Unit2 Rent Actual 1602.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Eric Chen of CB RICHARD ELLIS: 626-757-5717. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106