24769 5thSan Bernardino, CA 92410

Description

Rare opportunity to acquire a mixed-use investment property consisting of five contiguous parcels totaling approximately one acre. This income-producing asset features a 4,000 square foot commercial building combined with multiple residential units, offering a diversified and stable income profile with significant value-add potential. The property includes a commercial structure previously utilized as an automotive/motorcycle-related business, formerly operated as Douglas Motorcycle, along with a 4-bedroom mobile home, a 1-bedroom apartment, and three studio units with kitchen and bath facilities. This unique configuration provides multiple income streams and flexibility for both investors and owner-users. With its substantial land footprint, multiple existing structures, and flexible use potential, the property presents strong upside through rent stabilization, property improvements, and potential redevelopment (buyer to verify zoning and permitted uses). Strategically positioned within the Inland Empire, the asset benefits from strong rental demand, continued regional growth, and proximity to major transportation corridors, making it an attractive opportunity for investors seeking both cash flow and long-term appreciation. “This property presents a rare opportunity with strong income potential and multiple use possibilities. Ideal as a value-add investment or redevelopment site, offering a blank canvas for future construction or repositioning.” (buyer to verify zoning and permitted uses). Current tenants are long term 3-13 years. Ideal for: Developers Value-add investors 1031 exchange buyers Owner-users seeking income offset Redevelopment-focused investors This is a rare chance to acquire a multi-income, land-rich asset with significant upside potential in a high-demand Southern California market.

Property Information

Property type

Residential Income

Sub-type

Mixed Use

Year built

1963

Stories

2

Building area

6,880 Sq Ft

Lot size

1.00 acres

Garage spaces

4

Parking spaces

13

Zoning

RM

Days on market

127

MLS^® Listing#

IV26136819

Property Features

Pool

None

Laundry

None

Fencing

Chain Link

Lot features

Corner Lot · Near Public Transit

Community

Street Lights

Sewer

Public Sewer

Water source

Public

Parcel number

0279082060000

Directions

West 5th Street Near the Tippecanoe Avenue corridor