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$1,179,500

Est. payment - /mo

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12 Beds

6 Baths

4,500 SqFt

Active

1479 N Lugo AVE San Bernardino, CA 92404

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $262

MLS Listing ID 25612527

Bedrooms 12

HOA Y/N No

Year Built 1972

Lot Size 7,749 Sqft

Property Description

We are pleased to present 1479 N Lugo Avenue, a six-unit apartment property located in the heart of San Bernardino, California. Positioned near the I-215 and I-210 Freeways, the property offers excellent connectivity to Downtown San Bernardino, regional job centers, and local amenities that continue to drive renter demand and long-term investment stability. The property sits on a 7,750-square-foot lot and features approximately 4,500 square feet of rentable living area. Each of the six units is a two-bedroom, one-bathroom layout averaging 750 square feet, providing residents with spacious interiors and functional designs that appeal to working professionals and small families seeking affordability and comfort. Priced at $196,583 per unit, 1479 N Lugo Avenue is positioned below the average price per unit of $219,450 for comparable properties currently on the market. This favorable pricing provides investors with an attractive entry point and measurable upside potential. The property currently generates $9,900 in monthly gross rent and offers additional upside through achievable rent increases and continued management optimization. Residents enjoy close proximity to Downtown San Bernardino, the Inland Center Mall, San Manuel Stadium, and Glen Helen Regional Park, along with convenient access to the Santa Ana River Trail, offering outdoor recreation just minutes from home. This blend of urban accessibility and nearby green space enhances both livability and long-term tenant demand. With more than half of San Bernardino's households renter-occupied, strong rental demand and below-average homeownership rates continue to support multifamily stability across the region. 1479 N Lugo Avenue represents a well-maintained, income-producing investment that combines attractive in-place performance, measurable upside, and a location that continues to benefit from the city's ongoing growth and revitalization.

Location

State CA

County San Bernardino

Area 274 - San Bernardino

Interior

Fireplace No

Exterior

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 0146172110000

Special Listing Condition Standard

Listed by Oscar Diaz Marcus & Millichap

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

8

Colonel Joseph C. Rodriguez Preparatory Academy

Public | 4 - 8
7

Ramona-Alessandro Elementary School

Public | KG - 6
5

Little Mountain Elementary School

Public | KG - 6
5

Dr. Mildred Dalton Henry Elementary School

Public | 4 - 6
5

Roosevelt Elementary School

Public | KG - 3
5

Urbita Elementary School

Public | KG - 6
5

Marshall Elementary School

Public | KG - 6
5

Riley Elementary School

Public | KG - 5
5

Juanita Blakely Jones Elementary School

Public | KG - 6
5

Bradley Elementary School

Public | KG - 6
5

Roger Anton Elementary School

Public | KG - 6
5

Fairfax Elementary School

Public | KG - 6
4

Howard Inghram Elementary School

Public | KG - 6
4

William Mckinley Elementary School

Public | KG - 6
4

Davidson Elementary School

Public | KG - 6
4

Lytle Creek Elementary School

Public | KG - 6
4

Hardy Brown College Preparatory

Public | KG - 8
4

Soar Charter Academy

Public | KG - 8
4

Arrowhead Elementary School

Public | KG - 6
4

Wilson Elementary School

Public | KG - 5

Middle Schools 14

10

Richardson Preparatory High School

Public | 6 - 8
4

Martin Luther King Jr. Middle School

Public | 6 - 8
4

Arrowview Middle School

Public | 6 - 8
4

Public Safety Academy

Public | 6 - 12
4

Curtis Middle School

Public | 7 - 8
3

Golden Valley Middle School

Public | 6 - 8
2

New Vision Middle School

Public | 6 - 8
1

Shandin Hills Middle School

Public | 6 - 8
1

Options for Youth-San Bernardino

Public | 7 - 12
1

Center for Learning and Educational Success

Public | 7 - 12
1

Del Vallejo Middle School

Public | 6 - 8
0

East Valley Community Day

Public | 7 - 12
0

Community School/Independent Alternative Education

Public | 6 - 12
0

San Bernardino City Community Day

Public | 7 - 12

High Schools 8

8

Middle College High School

Public | 9 - 12
5

Arroyo Valley High School

Public | 9 - 12
3

San Bernardino High School

Public | 9 - 12
1

Pacific High School

Public | 9 - 12
1

Indian Springs High School

Public | 9 - 12
0

San Bernardino County Regional Occupational Program

Public | 9 - 12
0

Sierra High School

Public | 9 - 12
0

Aquinas High School

Private | 9 - 12

School and business data provided by Attom Data.

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Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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