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$1,792,000
5 Days On Site

7032 Glasgow
San Bernardino, CA 92404

For Sale|Apartment|Active
0
Beds
0
Total Baths
5,760
SqFt
$311
/SqFt
1964
Built
County:
San Bernardino
Listed by Douglas McCauley of MARCUS & MILLICHAP [email protected]

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(678) 675-6575
7032 Glasgow7032 Glasgow7032 Glasgow7032 Glasgow
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*** Call or Email for Offering Memorandum *** 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.

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Listing Snapshot
Price 
$1,792,000
Days On Site 
5 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,760 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3489 Acres
Year Built 
1964
MLS® Number 
CV26094919
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing first seen on site
5 days agoListing updated with changes from the MLS®
General Features
Acres 
0.3489
Carport 
7
Garage 
Yes
Garage Spaces 
1
Land Lease 
No
Levels 
One
Number Of Stories 
1
Parking 
CarportOn Site
Parking Spaces 
8
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
5760
Water Source 
Public
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Community Features
Building Access 
Drive By
Community Features 
Street LightsSidewalks
Financing Terms Available 
CashConventional
MLS Area 
274 - San Bernardino


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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