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Lucio Real Estate Group

joe.lucio@exprealty.com +1(805) 512-0065

$1,100,000

Est. payment - /mo

0.66 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26031250

HOA Y/N No

Year Built 1949

Lot Size 0.657 Acres

Property Sub-Type Quadruplex

Property Description

Fully Upgraded 4-Unit Investment Opportunity – Now Offering 8.10% 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 8.10% 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.

Location

State CA

County San Bernardino

Area 274 - San Bernardino

Interior

Interior Features Quartz Counters, All Bedrooms Down

Heating Electric

Cooling Electric, Wall/Window Unit(s)

Flooring Tile

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Inside, Propane Dryer Hookup

Exterior

Parking Features Door-Single, Driveway, Garage, RV Potential, One Space, Uncovered, Unpaved

Garage Spaces 1.0

Garage Description 1.0

Fence Wire

Pool None

Community Features Suburban

Utilities Available Electricity Available, Water Available

View Y/N No

View None

Roof Type Shingle

Accessibility Parking

Total Parking Spaces 8

Private Pool No

Building

Lot Description Front Yard, Lawn, Landscaped

Story 1

Entry Level One

Sewer Septic Type Unknown

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 0262151170000

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by VUOCHMEY LAY Mey Lay Realty Group 626-408-4657, DRE #02237493

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Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

joe.lucio@exprealty.com

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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2523 Ogden Street #1-4 San Bernardino, CA 92407

Lucio Real Estate Group

Key Details

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Exterior

Building

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2523 Ogden Street #1-4