734 W Virginia,San Bernardino, CA 92405
San Bernardino, CA 92405
Description
Highlights: Current Cap Rate of 5.59% with a 7.99% ProForma Cap Rate. Strong in place return with clear upside through rental increases and improved operations / Current GRM of 11.63 with a 8.62 ProForma GRM / Projected NOI Growth from ~$134K to ~$191K (~43% Increase) Significant income upside driven by repositioning to market rents / Attractive Unit Mix - 100% 2BD/1BA Units (~883 SF Average) Spacious layouts that appeal to working individuals, families, and long-term tenants seeking larger living spaces / Desirable Mix of Single-Story & Townhouse-Style Units. 734 W Virginia Street is an 11-unit apartment property in San Bernardino featuring a mix of four single-story and seven townhouse-style 2-bedroom, 1-bath units averaging approximately 883 square feet. The townhouse units include two-story floorplans with private yards, helping support longer tenancy and lower turnover. Located just south of the 210 Freeway near the San Bernardino foothills, the property offers convenient access to shopping, employment centers, and major transportation routes, along with gated onsite parking on a 0.41-acre lot. The property has been consistently maintained and professionally managed, contributing to a stable tenant base and reduced turnover. With spacious layouts, private outdoor space, and solid in-place income, the asset offers additional upside through future rental growth and presents a strong value-add investment opportunity.
Details
| MLS | IV26126668 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 93 |
| Listing Provided By | LE INVESTMENT GROUP | ALBERT LE |
Features
| SQ Feet | 9,864 |
|---|---|
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 1 |
| Acreage | 0.41 |
Exterior
| Lot Features | Front Yard |
|---|
Parking
| Parking Features | Controlled Entrance |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | San Bernardino |
| Zip Code | 92405 |
| Area | 274 San Bernardino |
| Listing VS Median (in 92405) | |
Price: $2,399,000 low | high Med: $480,000 sqft: 9,864 low | high Med: 1,120 $ / sqft: $243 low | high Med: $429 On site: 93 low | high Med: 47 | |
Market Activity 92405
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | San Bernardino |
| Zip Code | 92405 |
| Area | 274 San Bernardino |
| Listing VS Median (in 92405) | |
Price: $2,399,000 low | high Med: $480,000 sqft: 9,864 low | high Med: 1,120 $ / sqft: $243 low | high Med: $429 On site: 93 low | high Med: 47 | |