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531 & 531 1/2 Magnolia Ave. 2 Multifamily Properties Offered at $595,000 in San Bernardino, CA


Investment Highlights
- Close proximity to Shopping and Restaurants.
- Possibility to Build an ADU in back.
- 2 Homes on 1 Lot.
- Tenant Occupied.
Executive Summary
Two Homes on one lot! Very well maintained homes. Both properties have been completely remodeled approximately 4 years ago. The front home consists of 2 Spacious Bedrooms, 1 full bathroom. Including newer laminate wood flooring, new paint, new baseboards, and new cabinetry in kitchen, new bathroom fixtures and tub/shower and vanity. The front house has a large front yard that is fully fenced in with a brick wall and wrought iron. The backhouse is on the second level and the garage is below with a 2 car garage that can be converted into another ADU/apartment. This home has also been renovated with new flooring, new paint, new kitchen cabinetry, new bathroom fixtures and shower/tub. There is a large area between the 2 units for parking and entertainment. Surrounding the home are mature trees, grass, gravel and the lot is Fully secured with a metal gate. Both units are occupied with tenants. Located on a large lot and within close highways, restaurants, and entertainment, and tenants, this is a great investment opportunity!
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 531 Magnolia Ave, San Bernardino, CA 92405 | Multifamily | 1,559 SF | 1947 | - |
| 531 Magnolia Ave, San Bernardino, CA 92405 | Multifamily | 1,065 SF | 1974 | - |
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531 & 531 1/2 Magnolia Ave.
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