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531 & 531 1/2 Magnolia Ave.

2 Residential Properties Offered at £466,724 in San Bernardino, CA

Investment Highlights

  • Close proximity to Shopping and Restaurants
  • Possibility to Build an ADU in back
  • 2 Homes on 1 Lot
  • Tenant Occupied

Executive Summary

Two Homes on one lot! Very well maintained homes. Both properties have been completely remodeled approximately 4 years ago. The front home consists of 2 Spacious Bedrooms, 1 full bathroom. Including newer laminate wood flooring, new paint, new baseboards, and new cabinetry in kitchen, new bathroom fixtures and tub/shower and vanity. The front house has a large front yard that is fully fenced in with a brick wall and wrought iron. The backhouse is on the second level and the garage is below with a 2 car garage that can be converted into another ADU/apartment. This home has also been renovated with new flooring, new paint, new kitchen cabinetry, new bathroom fixtures and shower/tub. There is a large area between the 2 units for parking and entertainment. Surrounding the home are mature trees, grass, gravel and the lot is Fully secured with a metal gate. Both units are occupied with tenants. Located on a large lot and within close highways, restaurants, and entertainment, and tenants, this is a great investment opportunity!

Property Facts

Price £466,724
Price / SF £177.87 / SF
Sale Conditions
1031 Exchange
  • Portfolio Sale
  • Development Sale
Net Initial Yield 5%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 2,624 SF
Total Land Area 0.17 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
531 Magnolia Ave, San Bernardino, CA 92405 Residential 1,559 SF 1947 -
531 Magnolia Ave, San Bernardino, CA 92405 Residential 1,065 SF 1974 -
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  • Listing ID: 32723481

  • Date on Market: 07/08/2024

  • Last Updated:

  • Address: 531 & 531 1/2 Magnolia Ave., San Bernardino, CA

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