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734 W Virginia St
San Bernardino, CA 92405 Downtown San Bernardino

$2,399,000 USD

Apartments For Sale  •  9,864 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,864 SF
  • Lot Size 0.41 AC
  • Building Class C
  • Year Built 1950
  • Zoning RU2
30 Transit Score
50 Walk Score

Highlights

Current Cap Rate of 5.59% with a 7.99% Pro Forma CAP. Strong in place return with clear upside through rental increases and improved operations.
Projected NOI Growth from ~$134K to ~$192K (~43% Increase) Significant income upside driven by repositioning to market rents.
Gated Property with Secure On-Site Parking Controlled access and parking provide added convenience and security.
Attractive Unit Mix – 100% 2BD/1BA Units (~883 SF) Spacious layouts that appeal to families and long- term tenants.
Townhouse-Style Layouts with Two-Story Living Desirable floorplans offering separation of living space and increased tenant appeal.
Private Fenced Yards for Each Unit Rare amenity that enhances tenant satisfaction and supports rent growth.

Amenities

  • Air Conditioning
  • Fenced Lot
  • Washer/Dryer Hookup
  • Oven
  • Tub/Shower
  • Yard
  • Private Bathroom
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.3 mi
6 min - 2.3 mi
AirportDriveWalkDistance
Ontario International 32 min - 23.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Anthony Le 714-423-3819 Le Investment Group
Anthony Le 714-423-3819 Le Investment Group