Description

Fully Upgraded 4-Unit Investment Opportunity – Now Offering 7.56% Cap Rate. Seller has provided a major price reduction, significantly improving the return and positioning this property at an attractive 7.56% cap rate. This exceptional turnkey four-plex offers strong cash flow and extensive recent upgrades, situated on a spacious 28,000+ SF lot in Muscoy, a safe North San Bernardino community with high tenant demand. The property consists of three spacious 2-bedroom/1-bath units and one large 3-bedroom/2-bath unit, all designed with functional layouts and modern open-floor-plan interiors that tenants appreciate. This asset has undergone substantial capital improvements, including new electrical panels, four individual electrical meters, brand-new reroofing, and 13 newly installed split HVAC systems, with A/C units placed in individual rooms for enhanced comfort and efficiency. Durable tile flooring throughout minimizes future maintenance and supports long-term ownership stability. Each unit offers a private front yard and fenced backyard, in-unit washer and dryer hookups, and ample on-site parking, amenities that consistently attract quality tenants. Rental demand is extremely strong; Unit #2 was recently rented within just three days of listing, demonstrating the property’s desirability and ease of leasing. Current rents remain below market levels, providing clear upside potential for future increases. Tenants enjoy the open layouts, private outdoor spaces, and modern HVAC systems, making this a competitive and desirable rental asset. With a newly improved 7.56% cap rate, stabilized occupancy, major system upgrades completed, and a large lot offering long-term value, 2523 Ogden Street presents a rare low-maintenance investment opportunity with immediate income and strong future growth potential.