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:
- Buyer receives full $24,000 at closing
- 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