734 W Virginia, San Bernardino, California 92405
- $2,399,000
- $2,399,000
Overview
- Apartment, Residential Income
- 9864 Sqft
- 1950
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.
Address
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Address: 734 W Virginia
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City: San Bernardino
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State/county: CA
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Zip/Postal Code: 92405
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Country: US
Details
Updated on June 11, 2026 at 12:38 am-
Property ID IV26126668
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Price $2,399,000
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Property Size 9864 Sqft
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Land Area 0.41 Acres
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Year Built 1950
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Property Type Apartment, Residential Income
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Property Status Active
Additional details
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Listing Terms Submit
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Sewer Public Sewer
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County San Bernardino
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Property Type Residential Income
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Pool None
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Parking Controlled Entrance
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Community Features Sidewalks
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