938 East 2nd Street

San Bernardino, CA 92408

$550,000
Price
2
Beds
2
Baths
1,206 Sq. Ft.
$456 / Sq. Ft.
1,206
Sq. Ft.
$456
per Sq. Ft.

Description

Investor's Dream - Prime San Bernardino Duplex with Dual 1bd/1ba Units. Each unit brings in $1350 market value $1,500. Impeccably maintained property with reliable income from occupied units. Conveniently located near San Bernardino Airport. Cozy floor plan, private yard, and dual driveways for tenant convenience. Don't miss this high-potential income opportunity in San Bernardino.Investor's Dream - Prime San Bernardino Duplex with Dual 1bd/1ba Units. Each unit brings in $1350 market value $1,500. Impeccably maintained property with reliable income from occupied units. Conveniently located near San Bernardino Airport. Cozy floor plan, private yard, and dual driveways for tenant convenience. Don't miss this high-potential income opportunity in San Bernardino.
  1. Listed by Shahnaz Kafader • DRE #02088124 • Brokerage DRE #01174947 • eXp Realty of Southern California, Inc.

Property Details for 938 East 2nd Street

Parcel Number
0279281470000
Total Units
2.0
Living Area
1206
Source Living Area
Vendor Enhanced
Area
San Bernardino (274)
Vacancy Rate
0
Lot Size Area
9400
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 10/05/2024 12:01 AM

Property Details for 938 East 2nd Street

StatusActive
MLS #24-446103
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.22 AC / 9,400 SF
CountySan Bernardino County

Building Information for 938 East 2nd Street

Stories1Residences-Year Built1978Building Size-Lot Size0.22 AC / 9,400 SF

Property Information for 938 East 2nd Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: 2
  • Security Features: Smoke Detector, Carbon Monoxide Detector(s)
  • Property Condition: Updated/Remodeled
  • Water: District
  • Sewer: Septic Tank
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Water Heater Unit, Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, FHA, Conventional, CAL Vet
  • Disclosures: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $960
  • Net Operating Income: $15,705.00
  • Gross Income: $31,440
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $36,000.00
  • Actual Annual Gross Rent: $32,400.00
  • Actual Gross Annual Income: $16,200
  • Lease Per Month Year: Month
  • Owner Pays: Water
  • Total Annual Expense: 494
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Month to Month
  • Alley: No
  • Lot Acreage: 0.2158
  • Lot Size Square Feet: 9400
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: Gas, Kitchen, Living Room, Dining Room
  • Fireplace Rooms: Gas, Kitchen, Living Room, Dining
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Ceiling Fan, Dishwasher, Hood Fan, Microwave
  • Interior Features: Ceiling Fan(s)
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Foundation Details: Permanent
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 09-28-2024
  • Tenant Pays: Water, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $382,500.00
  • Assessed Improvement Percent: 75.0
  • Assessed Land Value: $127,500.00
  • Assessed Land Percent: 25
  • Assessed Total Value: $510,000.00

Property History for 938 East 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 938 East 2nd Street

Taxable ValueLand$130,050Additions$390,150Total$520,200
Tax Record2023$6,471 ($539 / month)
Home Facts
Total Finished SqFt1,206 SqFtAbove Grade Finished SqFt1,206 SqFtLot Size9,400 SqFtStyleDuplexYear Built1978CountySAN BERNARDINOAPN0279-281-47-0000

Schools near 938 East 2nd Street

This home is within San Bernardino City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Monterey Elementary School
PublicK to 6

Curtis Middle School
Public7 to 8

Indian Springs High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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938 East 2nd Street is a multi-family home for sale in San Bernardino, CA 92408. This property was listed for sale on September 27, 2024 by eXp Realty of Southern California, Inc., it's currently listed at $550,000. It has been on the market for a total of 39 days and was last sold on May 2, 2022. This listing's school district is San Bernardino City Unified School District. Nearby schools include Monterey Elementary School, Curtis Middle School and Indian Springs High. 938 East 2nd Street is a 2-bed, 2-bath, 1,206 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of Southern California, Inc., Shahnaz Kafader, DRE #02088124

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.