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Listed by Robert Mendez • Re/Max Time Realty
$1,299,990
Est. payment /mo
0.62 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIG25240738
Year Built 1959
Lot Size 0.620 Acres
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
**PRIME CORNER** investment opportunity located at the northeast corner of Tippecanoe Avenue and Gould Street in San Bernardino, CA. This property features four income-producing rental units situated on approximately 0.62 acres across two parcels. Currently zoned RMH (Residential 24 units per acre), the site offers strong potential for more multifamily units or a zone change to CG-1 (General Commercial), which would allow for fast food, gas station, or retail chain and many other commercial uses to optimize the high traffic corner. Discussions with the city have been well received with positive feedback for the potential zone change to CG-1, as it would be consistent with the existing commercial developments directly across the street. Positioned along a major arterial with approximately 30,000 cars per day, this highly visible location is just one minute from the I-10 Freeway and five minutes from Loma Linda University Medical Center and San Bernardino International Airport. The property provides immediate rental income during the entitlement or redevelopment phase, making it an ideal opportunity for developers, investors, or owner/users seeking a well-located infill site with strong upside potential.
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Laundry Other
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 0281112250000
Special Listing Condition Not Applicable
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