Investment Overview

Marcus & Millichap is 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. Ontario International Airport has grown into one of the fastest-expanding cargo and passenger airports in the Western United States, adding further employment in aviation, logistics, and ground transportation. Healthcare is the second major pillar of the local employment base. Dignity Health’s St. Bernardine Medical Center and Arrowhead Regional Medical Center together employ thousands of nurses, physicians, administrators, and allied health professionals in and around San Bernardino. California State University, San Bernardino (CSUSB) adds yet another dimension to the demand profile. With an enrollment of over 20,000 students and a large faculty and staff population. The university’s continued growth in enrollment and academic programs provides long-term institutional support for local rental demand. 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.