188 E 11th St Unit 1-4 San Bernardino, CA 92410
Hanes Park NeighborhoodEstimated payment $4,931/month
Highlights
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- 1-Story Property
- Laundry Room
About This Home
Exceptional Investment Opportunity in San Bernardino!
We present a rare gem in the heart of San Bernardino - a 4-unit multifamily property nestled in a desirable neighborhood dominated by single-family residences. This turnkey investment offers a unique blend of income potential and low maintenance requirements.
Key Features:
- Strategic Location: Centrally located in San Bernardino, providing easy access to local amenities, transportation hubs, and major thoroughfares.
- Diverse Unit Mix: The property boasts a mix of 2-bedroom/2-bathroom and 1-bedroom/1-bathroom units, catering to a wide range of tenants.
- In-Unit Amenities: Each unit comes with washer/dryer hookups, enhancing tenant convenience and appeal.
- Secure and Private: The property is fully gated, ensuring a safe and private environment for residents. Gated parking in the rear provides added security and convenience.
- Low Maintenance: With separate gas and electric meters for each unit, property management is streamlined, and expenses are easily allocated.
- Recent Upgrades: Parking spaces have been repainted, maintaining a well-maintained appearance and enhancing curb appeal.
Investment Highlights:
- Stable Income Potential: With four units and a mix of 1 and 2-bedroom configurations, this property offers a stable source of rental income.
- Low Operating Expenses: The property's design and separate utility meters help minimize maintenance and operational costs.
- Growth Potential: San Bernardino's growing market presents opportunities for rent growth and increased property value.
Don't Miss This Opportunity!
This property is a rare find in a desirable location, offering a unique chance to invest in a low-maintenance, income-generating asset. Schedule a viewing today to take advantage of this exceptional investment opportunity!
Listing Agent
IRN Realty Brokerage Phone: 626-374-5121 License #01778421 Listed on: 09/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,155
Year Built
- Built in 1963
Lot Details
- 7,500 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,922 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 5 / C
- Tax Tract Number 5600
- Assessor Parcel Number 0140082150000
- $5,761 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $720
- Insurance Expense $2,500
- Trash Expense $2,200
- Water Sewer Expense $2,300
- New Taxes Expense $8,155
- Operating Expense $15,875
- Gross Income $71,136
- Net Operating Income $55,261
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,155 | $655,452 | $161,262 | $494,190 |
| 2024 | $8,155 | $642,600 | $158,100 | $484,500 |
| 2023 | $7,952 | $630,000 | $155,000 | $475,000 |
| 2022 | $7,257 | $560,999 | $137,700 | $423,299 |
| 2021 | $5,761 | $432,838 | $56,681 | $376,157 |
| 2020 | $6,079 | $428,400 | $56,100 | $372,300 |
| 2019 | $5,605 | $420,000 | $55,000 | $365,000 |
| 2018 | $4,102 | $301,663 | $57,101 | $244,562 |
| 2017 | $3,976 | $295,748 | $55,981 | $239,767 |
| 2016 | $3,857 | $289,949 | $54,883 | $235,066 |
| 2015 | $3,778 | $285,594 | $54,059 | $231,535 |
| 2014 | $3,673 | $280,000 | $53,000 | $227,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | For Sale | $798,000 | -- | $273 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Grant Deed | $630,000 | None Listed On Document | |
| Grant Deed | $550,000 | Pacific Coast Title Company | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Grant Deed | $280,000 | Lawyers Title | |
| Grant Deed | $230,000 | Lawyers Title | |
| Trustee Deed | $106,500 | None Available | |
| Interfamily Deed Transfer | -- | New Century Title | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Grant Deed | $245,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $82,000 | Lawyers Title Company | |
| Corporate Deed | -- | Benefit Land Title Ins Co | |
| Trustee Deed | $144,116 | Benefit Land Title Ins Co | |
| Gift Deed | -- | -- | |
| Grant Deed | $30,909 | First American Title Ins Co | |
| Grant Deed | $135,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Corporate Deed | $27,500 | Investors Title Company | |
| Trustee Deed | $67,500 | Chicago Title Insurance Co | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | Seller Take Back | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $206,250 | New Conventional | |
| Previous Owner | $224,169 | FHA | |
| Previous Owner | $385,000 | Negative Amortization | |
| Previous Owner | $240,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $220,410 | Purchase Money Mortgage | |
| Previous Owner | $131,923 | Unknown | |
| Previous Owner | $110,000 | No Value Available | |
| Previous Owner | $133,300 | FHA | |
| Closed | $0 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR25208796
APN: 0140-082-15
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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