604 W 40th Street San Bernardino, CA $ 1,200,000
604 W 40th Street
$ 1,200,000
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604 W 40th Street

San Bernardino, CA, 92407
$ 1,200,000
Bedrooms3 Baths5.1 Sq 3,536

Monthly Estimate*

$ 7,187

Listed by VICTOR MALONE, BROKER
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Multi-Family Home for sale in San Bernardino, CA

for $1,200,000 with 3 bedrooms and 5 full baths, 1 half bath. This 3,536 square foot home was built in 1957 on a lot size of 0.4115.

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!!

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

3

Full Bath

5

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.4115

Year Built

1957

Town/City

San Bernardino

County/Region

San Bernardino

MLS | Web ID

CV24104532

Days on Market

122

Features
General
Sewer PublicSewer
Roof Asphalt Shingle
Appliances Dryer
Zoning CG
Garage Spaces 0.0
Pool Features None
Year Built 1957
Property SubType MixedUse
Gross Income 492000.0
Community Features Suburban Sidewalks
County San Bernardino
Net Operating Income 245400.0
Operating Expense 174600.0
Insurance Expense 4000.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions South 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.
City San Bernardino
Entry Location 40th Street
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 3
MLS Area 274 - San Bernardino
Lot Size Units SquareFeet
Lot Size Square Feet 17927.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 2
Terms Cash CashtoNewLoan Conventional Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 9600.0
Home Warranty Y/N N
Current Financing Private
Fuel Expense 4800.0
Trash Expense 1800.0
Water Sewer Expense 3200.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 82
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 21
Property Sub Type Additional MixedUse
Cap Rate 15.84
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Exterior
Lot Features Item01UnitAcre
Water Source Public
Total Parking 0.0
Lot Size Area 17927.0
Number of Buildings 3
Spa N
Building Area Total 3536.0
Lot Size Acres 0.4115
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features WasherHookup
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 604
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* Excluded Features
List By
Victor Malone, Broker

Broker

(760) 593-4663

Phone

Affordability Calculator

$7,187
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,187
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/23/2024$160,000 Listed Price

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604 W 40th Street, San Bernardino, CA, 92407 is a Multi-Family Home for sale at $1,200,000 with 3,536 sqft and a lot size of 0.4115. 604 W 40th Street has 3 bedrooms, 5.1 baths, and was built in 1957. The property's zip code is 92407 which is in San Bernardino, CA