SFR w/ Additional Structures and Potential ADU Assigned

Property Type: Single Family Residence with Multiple Structures

Current Configuration:

• Main House: 3 bedrooms, 1 bathroom (originally listed as 2 bedrooms, 1 bathroom)
• Front House: Studio (potential for commercial use or conversion back to single-family residence)
• Workshop
• 2 Car Garage

Total Buildings: 4

Investment Highlights:

• Click for Property Photos

• Prime location near Cal State San Bernardino and new warehouses
• Excellent opportunity to add value through renovations and improvements
• Substantial potential for adding ADUs to create a 3 or 6 unit income property
• Unique rent-back agreement with seller provides guaranteed income for the buyer

Showing Information:

• Occupied (DO NOT DISTURB OCCUPANT)
• By appointment only – serious only.

Seller’s Rent Back Agreement:

• Seller will pay $24,000 rent for the main house only (you could rent out the others still)
• Two rent-back options available:
  1. Buyer receives full $24,000 at closing
  2. Buyer receives $12,000 at closing, with potential for additional rent payments in the 2nd and 3rd years (up to $3,000 more for the buyer).

Note: Seller has advanced, inoperable prostate cancer and was given 2 years to live less than a year ago.

Price: $365k
EMD: $15k non-refundable
COE: March 31, 2023