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460 S Berkeley AVE San Bernardino, CA 92410
9,500 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26203782
HOA Y/N No
Year Built 1951
Lot Size 9,500 Sqft
Property Sub-Type Special Purpose
Property Description
AFFORDABLE INCOME-PRODUCING PROPERTY WITH COMMERCIAL UPSIDE! An excellent opportunity for investors, owner-users or buyers seeking a potential 1031 exchange replacement property at an accessible price. The property currently generates $2,050 per month, or $24,600 in annual gross rent. Established month-to-month tenants have occupied the home since 2023, pay all utilities, have an excellent payment history and are willing to sign a new lease with the new owner.
The approximately 9,500 sq ft lot provides substantial usable yard space for RVs, trucks, equipment or storage. The remodeled residence includes split-unit heating and air conditioning and may continue as a legally established residential use. A 2022 City letter confirms its status and limited reconstruction rights following a catastrophe.
CCS-1 zoning provides future commercial potential. Uses identified by the City include administrative and professional offices, auto-parts sales, new car/RV/truck sales and vehicle leasing or rental with a Development Permit. Used car/RV/truck sales and service stations may be considered with a Conditional Use Permit. All uses and permit requirements must be independently verified with the City.
Conveniently located near the 215 Freeway and Loma Linda University Health. Ideal for collecting rent today while holding for future commercial use. Property is sold AS IS. Photos are from 2023, before tenant occupancy; current condition may differ. Buyers completing a 1031 exchange should consult their tax and legal advisers.
The approximately 9,500 sq ft lot provides substantial usable yard space for RVs, trucks, equipment or storage. The remodeled residence includes split-unit heating and air conditioning and may continue as a legally established residential use. A 2022 City letter confirms its status and limited reconstruction rights following a catastrophe.
CCS-1 zoning provides future commercial potential. Uses identified by the City include administrative and professional offices, auto-parts sales, new car/RV/truck sales and vehicle leasing or rental with a Development Permit. Used car/RV/truck sales and service stations may be considered with a Conditional Use Permit. All uses and permit requirements must be independently verified with the City.
Conveniently located near the 215 Freeway and Loma Linda University Health. Ideal for collecting rent today while holding for future commercial use. Property is sold AS IS. Photos are from 2023, before tenant occupancy; current condition may differ. Buyers completing a 1031 exchange should consult their tax and legal advisers.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Heating ENERGY STAR Qualified Equipment, Zoned
Cooling ENERGY STAR Qualified Equipment, Wall/Window Unit(s), Zoned
Fireplace No
Laundry Washer Hookup
Exterior
Fence Chain Link
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Building
Lot Description Rectangular Lot
Story 1
Water Private
Others
Tax ID 0136162170000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Listed by Enrique Vasquez-Plaza Century 21 Masters 626-324-0388, DRE #01868555
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