Investor delight! Value is on the land. Property sits on the most prestigious north end of San Bernardino. City will allow 12 housing units on this 1.5 acre lot. This property exhibits a large lot with 2 permitted units. The units consists of 2 Bedrooms with 1 Bathroom each unit. It is zoned RU (RESIDENTIAL URBAN) DISTRICT. These districts are intended to promote the development of detached and attached units, duplex, mobile home parks, and small lot subdivisions as part of a planned residential development where the intent is to consolidate lots to achieve maximum open space. The RU district requires a minimum lot size of 7,200 square feet. However, on existing lots of record, recorded prior to June 2, 1989, a minimum lot area of 6,200 square feet and existing lot widths and depths are permitted. The RU district allows a maximum density of 8 units per gross acre. The property fronts on a main street with curbs and sidewalks. Close Proximity to 215 and 210 freeway via Palm Drive and University Parkway, near California State University, San Bernardino ("CSUSB"). The current 2 units are being rented. The units produce $2100.00/month of rental income, which can be amortize costs while permits are being pulled for additional units.