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273 E Kingman Street

San Bernardino, CA 92410

– beds
– baths
– sqft
6,250 sqft lot
1950 build
– on site

This offering is an incredible buy! It's a duplex located in San Bernardino. It consists of two 1 bedroom 1 bath units. We are asking $400,000. As you can see in the attachments, there's a nearby duplex at 734-736 W 25th Street that sold on 09/14/23 for $445,000!!! This complex has been taken care of inside and out. Just check out the pictures! This offering really performs, and way beyond the market! We're at a $35,800 annual gross income, a 11.15 Gross Rent Multiplier, and a 7.24 Cap Rate, at market rents!! Check out the rent roll (IN SUPPLEMENTS), showing actual and month to month rents. All actual rents are month to month, and the tenant's know the property is for sale, and that their rents must be brought up to market after closing of this sale. To see market rents, please note the "RENT COMP" attached in SUPPLEMENTS. To see sale comp noting that we are listed $45,000 under market price, please see SALE COMP attached in SUPPLEMENTS. TENANTS KNOW PROPERTY IS FOR SALE AND KNOW WHAT MARKET RENTS ARE. THEY ARE WILLING TO CHANGE THEIR EXISTING MONTH TO MONTH RENTS, AND SIGN NEW RENTAL AGREEMENTS AT/NEAR MARKET RENTS, AT TRANSFER OF OWNERSHIP!!

Listed By CRMLS_CA / Tony Burton / Burton Commercial, Inc. / 951-375-7433

Last checked: Checking… • Last updated Sep 30, 2024 •

MLS# SW24163685 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1950
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

946.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

2
Stories Total:

1
# of Separate Gas Meters:

2
# of Separate Water Meters:

1
# of Separate Electric Meters:

2

Interior

Levels:

One
Entry Location:

1
Laundry:

Gas & Electric Dryer Hookup
Laundry:

1

Location

Directions:

10 to Waterman to Kingman
Latitude:

34.10714700
Longitude:

-117.28000600

The Property

Property Type:

Residential Income
Subtype:

Duplex
Lot Features:

2-5 Units/Acre
Lot Size Area:

6250.0000
Lot Size Acres:

0.1435
Lot Size SqFt:

6250.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

A
Tax Census Tract:

58.00
Tax Tract:

29
Tax Lot:

29

The Listing

Special Listing Conditions:

Standard
Parcel Number:

0135144050000

Utilities

Sewer:

Public Sewer

The Community

Senior Community:

No
Features:

Curbs, Gutters, Sidewalks
Pool:

None
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/8/24 Aug 8, 2024	Listed / Active	CRMLS_CA	$400,000
7/19/24 Jul 19, 2024	Listed / Active	CRMLS_CA

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This multifamily located in Southeast San Bernardino, San Bernardino, CA 92410 is currently for sale for $400,000. 273 E Kingman Street is a – square foot multifamily with – beds and – baths that has been on Estately for 98 days. 273 E Kingman Street is in the Southeast San Bernardino neighborhood of San Bernardino and has a WalkScore® of 63, making it somewhat walkable. This multifamily is in the attendance area of Captain Leland F. Norton Elementary School.

Listing Courtesy of: CRMLS_CA and Burton Commercial, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 23:30 on Nov 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.