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1154 Gould St
San Bernardino, CA 92408
NEC Tippecanoe Ave & Gould St, San Bernardino · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Major Corner Lot - 0.62 acres
- Zone Change to CG-1 Opportunity
- Closeby Costco, In-N-Out, Starbucks, & 10 Fwy
- ±30,000 Cars Per Day
- Multifamily Development Opportunity
- Collect Rent$$$ during entitlement
EXECUTIVE SUMMARY
**PRIME CORNER** investment opportunity located at the northeast corner of Tippecanoe Avenue and Gould Street in San Bernardino, CA. This property features four income-producing rental units situated on approximately 0.62 acres across two parcels. Currently zoned RMH (Residential 24 units per acre), the site offers strong potential for more multifamily units or a zone change to CG-1 (General Commercial), which would allow for fast food, gas station, or retail chain and many other commercial uses to optimize the high traffic corner. Discussions with the city have been well received with positive feedback for the potential zone change to CG-1, as it would be consistent with the existing commercial developments directly across the street. Positioned along a major arterial with approximately 30,000 cars per day, this highly visible location is just one minute from the I-10 Freeway and five minutes from Loma Linda University Medical Center and San Bernardino International Airport. The property provides immediate rental income during the entitlement or redevelopment phase, making it an ideal opportunity for developers, investors, or owner/users seeking a well-located infill site with strong upside potential.
PROPERTY FACTS
| Price Per Unit | $324,998 | Lot Size | 0.62 AC |
| Sale Type | Investment | Building Size | 3,513 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RMH - Residential Medium Density (24 units per acre) | ||
| Price Per Unit | $324,998 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 3,513 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
| Zoning | RMH - Residential Medium Density (24 units per acre) |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
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