3 months on rocket

860 E 2nd St, San Bernardino, CA, 92408

$1,400,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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860 E 2nd St, San Bernardino$1,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1989
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #OC24007969
Lot Size0.29 Acres
StatusActive

About 860 E 2nd St

CASH COW! Introducing an Exceptional Investment Opportunity nestled in the heart of the thriving city of San Bernardino, this 6-unit apartment building presents a lucrative venture for discerning investors. Boasting a remarkable gross annual income of $145,620, this property is a testament to stability and potential growth. The complex features six spacious 2-bedroom, 1-bathroom units, each approximately 700 square feet. With a track record of mostly long-term tenants, this investment is already a reliable cash cow. Furthermore, the potential for rent increases and the possibility of upgrades &/or expansion add an enticing layer of upside opportunity. One of the key highlights is the property's approval for Section 8 housing, ensuring consistent income streams and a secure investment environment. The units are low-maintenance, making it an ideal option for investors seeking a hassle-free portfolio addition. Convenience is paramount, with the property strategically located for easy access to the 10 Freeway and 215 Freeway. The proximity to schools, shopping centers, and a burgeoning commercial and industrial area, including major Distribution Centers, enhances the property's appeal. The surrounding area is experiencing rapid development, with the nearby city of San Bernardino poised for significant growth. The ambitious Las Vegas speed rail project, a $12 billion initiative, adds a layer of excitement and potential value appreciation to this investment. San Bernardino International Airport is witnessing an expansion in passenger flights, further underlining the area's economic vitality. Investors looking for an opportunity in a dynamic location with a promising future need not look any further. Seize this chance to capitalize on a fully occupied, Section 8-approved, low-maintenance property in the midst of San Bernardino's growth trajectory. This is more than an investment; it's a strategic move towards long-term success in one of Southern California's most promising real estate markets.

Property Details

Property Features

Property Information:

  • Year Built: 1989
  • Stories: 2

Listing Office:

  • Office Name: Dream Home Estates, Inc.
  • Office Phone: (949) 395-1707
  • Listing Agent: David Prewitt

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Curtis Middle School, Public District Grades 7-8
  • Richardson Preparatory High School, Public Magnet Grades 6-8
  • Colonel Joseph C. Rodriguez Preparatory Academy, Public Magnet Grades 4-8
  • Monterey Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Take North Lena Road or North Tippecanoe Ave to 2nd Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000

Tax Information:

  • Annual Amount: $4,666
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in San Bernardino, CA.

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San Bernardino, CA

City

Med. Sold Price

$465.6K

Med. Price/SqFt

$343

Avg. Days On Market

31

# of Sold Homes

126

860 E 2nd St vs San Bernardino

105 DAYS ON ROCKET

+74 Days

$1,400,000

+$934.3K More

KEY TAKEAWAY

This property is $934.3K more than the Median Sold Price in San Bernardino, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24007969

Listing Office:

  • Office Name: Dream Home Estates, Inc.
  • Office Phone: (949) 395-1707
  • Listing Agent: David Prewitt

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:25:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 29, 2011Home Sold
$300,000
Sep 09, 2005Home Sold
$634,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,666$348,122
2020$4,539$344,552
2019$4,487$337,796
2018$4,350$331,173
2017$4,219$324,679

History based on county public records data.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1750275
3
/10

  • Monterey Elementary School

  • 794 E Monterey Ave

  • 0.41 miles

  • Public District Grades KG-6

Middle School

school-card-donut-1750276
2
/10

  • Curtis Middle School

  • 1050 North Delrosa Dr

  • 1.26 miles

  • Public District Grades 7-8

school-card-donut-1750277
9
/10

  • Richardson Preparatory High School

  • 455 S K St

  • 2.44 miles

  • Public Magnet Grades 6-8

school-card-donut-1750278
8
/10

  • Colonel Joseph C. Rodriguez Preparatory Academy

  • 1985 Guthrie St

  • 2.62 miles

  • Public Magnet Grades 4-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,370. Typical income of San Bernardino, CA residents is less than $35k annually. The majority of families are married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 860 E 2nd St

What is the listing price of this property?

The listing price of 860 E 2nd St property is $1,400,000.

What type of property is this?

The property 860 E 2nd St is a condo located in San Bernardino, California, 92408.

Is this property for sale now?

Active Listing: 860 E 2nd St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 860 E 2nd St are:
Monterey Elementary School: GreatSchools Rating 3/10
Curtis Middle School: GreatSchools Rating 2/10
Richardson Preparatory High School: GreatSchools Rating 9/10
Colonel Joseph C. Rodriguez Preparatory Academy: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,666 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 29, 2011 for $300,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 860 E 2nd St is 1989.

Rocket Homes›California›San Bernardino County›San Bernardino›92408›860 E 2nd St

This home is located at 860 E 2nd St in San Bernardino, CA and zip code 92408 in the International neighborhood. This home, which was built in 1989, sits on a 0.29 acre lot. It has been listed on Rocket Homes since January 13, 2024 and is currently priced at $1,400,000.

In March 2024 more than 65 listings in San Bernardino, CA were sold above the asking price. During the same period more than 23 listings were sold at asking price, while more than 38 were sold below. The inventory of homes for sale in San Bernardino, CA between February 2024 and March 2024 increased by 2.8%. Listings spent 31 days on the market in March 2024, and had a median list price of $465,631 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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