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Investor-ready and income-producing from day one, this fully occupied 5-unit property is the kind of smart, stable asset that rarely hits the market. Located just minutes from the revitalizing downtown core, 216 E. 10th St. offers a powerful combination of in-place cash flow, below-market rents, and low maintenance"”all in a high-demand rental corridor of San Bernardino. This two-story multifamily building features (1) 2BR/1BA detached house and (4) 1BR/1BA units, each with open floorplans, updated flooring, and individual gas & electric meters"”keeping operating costs low and tenant satisfaction high. Turnkey, fresh exterior paint, and gated perimeter with off-street parking make this a well-cared-for investment. All units are currently leased, generating consistent income and since current rents are below market, there's real potential for incremental income growth over time. The property sits on a 6,550 sq ft lot and is surrounded by infrastructure improvements, transit access, and working-class rental demand. The location offers walkability, reliable tenants, and access to schools, shopping, and major employers. Whether you're expanding a portfolio or deploying 1031 exchange funds, this asset delivers what today's buyers want: steady cash flow, solid bones, future upside, and little headache in a proven rental market.
Property Type(s):
Residential Income
| Last Updated | 6/20/2025 | Year Built | 1979 |
|---|---|---|---|
| Community | 274 - San Bernardino | County | San Bernardino |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Free-Standing Range, Gas Range |
| AREA | 274 - San Bernardino |
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 6551 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Sprinklers In Front |
| PARKING | Assigned, Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Apartment Investing Realty, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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