San Bernardino, CA 92407 604 W 40th Street
$1,200,000
26 more
Presented By: Victor Malone with VICTOR MALONE, BROKER; 951-255-5007
Beds • 3
Full/Half Baths • 5 / 1
SQFT • 3,536
Home Details
Three Buildings on one parcel…EXTREMELY RARE…HUGE OPPORTUNITY to own a fully renovated and operational Drive Thru Restaurant in north San Bernardino. This restaurant has been updated from the ground up including new electrical, plumbing, and HVAC. Located on the corner of 40th & first this property is highly visible with a tremendous amount of drive-by traffic and ample parking. More: This property also has two additional buildings being rented. Building 1 is duplex with each unit having 1 Bedroom and 1 Bathroom. Each unit is 550 sqft. Building 2 was labeled as an office and is 936 sqft. Currently being rented as a 1 bed 1 and 1/2 bath. Even More: The restaurant Building comes with a professional kitchen with all fire approved permits and with Zoning being Commercial and Mixed use the potential and opportunities are endless. Use or rent the restaurant / drive thru and units or Perfect for an Investor, any small business or Owner with Primary residence. This opportunity is perfect for anyone with a Vision. Contact agent to schedule a showing today!!
Presented By: Victor Malone with VICTOR MALONE, BROKER; 951-255-5007
Interior Features for 604 W 40th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup
Total Stories1
Other Rooms
Entry Level1
General for 604 W 40th Street
Additional Parcels Y/NNo
AppliancesDryer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate15.84
Carport Y/NNo
CitySan Bernardino
Community FeaturesSuburban, Sidewalks
CountySan Bernardino
Current FinancingPrivate
Days on Market82
DirectionsSouth on Kendall to 40th street then left on 40th. Approximately 3/4 mile down on thee left. Location is on the corner of 40th/First.
Electric Expense9600.0
Entry Location40th Street
Fuel Expense4800.0
Garage Spaces0.0
Garage Y/NNo
Gross Income492000.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet17927.0
Lot Size UnitsSquareFeet
MLS Area274 - San Bernardino
MobileHomeRemainsYNNo
Net Operating Income245400.0
New ConstructionNo
Number of Units Leased2
NumberOfUnitsTotal3
Operating Expense174600.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofAsphalt, Shingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot21
TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Trash Expense1800.0
View Y/NNo
Water Sewer Expense3200.0
Waterfront Y/NNo
Year Built1957
Year Built SourceAssessor
ZoningCG
Exterior for 604 W 40th Street
Building Area Total3536.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.4115
Lot Size Area17927.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480