San Bernardino, CA 92410 273 E Kingman Street

273 E Kingman Street San Bernardino, CA - Image 1273 E Kingman Street San Bernardino, CA - Image 2273 E Kingman Street San Bernardino, CA - Image 3
Presented By: Tony Burton with Burton Commercial, Inc.; 951-375-7433
  • MLS# SW24163685
  • 08/08/2024
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  • SQFT • 946

Home Details

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!!
Presented By: Tony Burton with Burton Commercial, Inc.; 951-375-7433

Interior Features for 273 E Kingman Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Total Stories1

Other Rooms

Entry Level1

General for 273 E Kingman Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CitySan Bernardino
Community FeaturesCurbs, Gutters, Sidewalks
CountySan Bernardino
Days on Market23
Directions10 to Waterman to Kingman
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income35880.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense1000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet6250.0
Lot Size UnitsSquareFeet
MLS Area274 - San Bernardino
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
NumberOfUnitsTotal2
Operating Expense0.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalDuplex
Property SubTypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot29
TermsCash, CashToNewLoan, FHA
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1950
Year Built SourceAssessor

Exterior for 273 E Kingman Street

Building Area Total946.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1435
Lot Size Area6250.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $400,000
MLS#SW24163685
List Date 08/08/2024
Property Type Multi-Family
Phone 310.658.1749
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