7032 Glasgow
San Bernardino, CA 92404
$1,792,000
- 0.35 acres
- Built 1964
Listed by MARCUS & MILLICHAP · MLS #CV26094919
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7032 Glasgow, San Bernardino, CA 92404 · MLS #CV26094919
A FEW THINGS TO NOTICE
What stands out.
Year built
Built in 1964.
Garage parking
1 garage spaces listed.
Property size
0.35 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
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Pleased to present the exclusive offering of 7032 and 7036 Glasgow Avenue, a pair of well-maintained, contiguous single-story fourplex apartment buildings located in San Bernardino, California. Offered collectively at $1,792,000, this eight-unit assemblage represents a compelling acquisition opportunity for both the first-time multifamily investor seeking a straightforward entry into income property ownership and the seasoned portfolio operator looking to add a low-maintenance, cash-flowing asset in one of Southern California’s most active rental markets.
Each of the two buildings at 7032 and 7036 Glasgow Avenue are situated on two 7,600 square foot parcels for a total of 15,200 square foot lot. Comprised entirely of two-bedroom, one-bathroom floor plans, all 720 square feet. Each unit is individually metered for both gas and electricity, and units also have individual hot water heaters. Both roofs were replaced approximately four years ago and carry a 10-year warranty. All windows across both buildings were replaced approximately three years ago. Units have tile and vinyl plank flooring along with wall heaters and window air conditioners. Residents have access to covered carport parking and street parking. There is an on-site laundry room (owned). 7032 and 7036 Glasgow Avenue are recorded as two separate legal parcels, a buyer has the ability to finance each building independently under its own 30-year fixed-rate conventional mortgage or a single commercial loan.
Situated in the city of San Bernardino in San Bernardino County, 7032 and 7036 Glasgow Avenue occupy a central position within one of the most economically dynamic submarkets in Southern California. The Inland Empire’s emergence as the logistics capital of the Western United States has generated tens of thousands of stable, well-paying jobs. Amazon, Walmart, Stater Bros., and a dense concentration of third-party logistics operators have established major distribution and fulfillment operations along the I-10 and I-15 corridors, creating sustained demand for workforce housing in communities throughout San Bernardino County. For an investor acquiring income property in this market today, the combination of strong in-place fundamentals and favorable long-term demographic trends creates a compelling case for both current cash flow and long-term appreciation.
THE NEIGHBORHOOD
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7032 Glasgow, San Bernardino, CA 92404
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THE DETAILS
The details, all in one place.
- Property type
- ResidentialIncome
- Category
- Residential
- Year built
- 1964
- Garage spaces
- 1
- Pool
- No
- Pool features
- None
- Parcel
- 0273132550000
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
OWNERSHIP, WITH A PLAN
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Listing information
MLS #CV26094919 · California Regional MLS
Listing brokerage: MARCUS & MILLICHAP
Listing agent: Douglas McCauley
Listing status: Active. Record updated . Confirm current availability and price with the listing agent.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.
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