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Fully Upgraded 4-Unit Investment Opportunity - Now Offering 7.56% Cap Rate. Seller has provided a major price reduction, significantly improving the return and positioning this property at an attractive 7.56% 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 7.56% 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.
Property Type(s):
Residential Income
| Last Updated | 2/27/2026 | Year Built | 1949 |
|---|---|---|---|
| Community | 274 - San Bernardino | Garage Spaces | 1.0 |
| County | San Bernardino |
Price History
| Prior to Feb 27, '26 | $1,249,000 |
|---|---|
| Feb 27, '26 - Today | $1,180,000 |
Additional Details
| AIR | Electric, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 274 - San Bernardino |
| GARAGE | Yes |
| HEAT | Electric |
| LOT | 0.6566 acre(s) |
| LOT DESCRIPTION | Front Yard, Landscaped |
| LOT DIMENSIONS | 28600 |
| PARKING | Driveway, Garage, Unpaved |
| POOL DESCRIPTION | None |
| SEWER | Septic Tank |
| STORIES | 1 |
| UTILITIES | Electricity Available, Water Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Mey Lay Realty Group
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.
This IDX solution is (c) Diverse Solutions 2026.
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