480 W 18th St - Apartments FOR SALE


San Bernardino, CA 92405- Downtown San Bernardino
$799,900 USD
626-818-0980
480 W 18th St, San Bernardino, CA for Sale
$799,900 USD
Apartments - FOR SALE
1/44
null | 7.1% Cap Rate

480 W 18th St
San Bernardino, CA 92405
Downtown San Bernardino


HIGHLIGHTS

  • Positioned on a level, landscaped 20,000 sq. ft. lot in downtown San Bernardino with easy access to I-215.
  • Strong income stream in place with clear potential for future rent growth and value-add improvements.

OVERVIEW

Rare 5-unit residential-style multifamily compound situated on an expansive approximately 20,000 sq. ft. lot in the heart of San Bernardino. This unique investment property features a charming front Craftsman-style residence offering 4 bedrooms, 2 bathrooms, spacious living and family rooms, dining area, laundry room, bonus/flex room, and a large private side yard with secured gated parking. The rear portion of the property consists of four thoughtfully designed single-story 1-bedroom/1-bath units, each with private entry and its own individual yard space, creating a strong residential feel rarely found in traditional multifamily properties. The gated rear parking area offers additional secure parking and can be locked nightly for added tenant privacy and security. The property offers approximately 4,249+ sq. ft. of living space (buyer to verify), strong in-place income, and additional upside potential through future rent growth and continued property improvements. Seller has completed upgrades during ownership, including electrical improvements to the front home, and is currently making additional updates prior to market launch. Additional features include 5 gas meters, 5 electric meters, approximately 11 parking spaces, select mini-split A/C systems, and flexible tenancy structure providing future operational upside for investors. Conveniently located near San Bernardino High School, shopping, dining, medical facilities, and quick access to the 215 Freeway, this property is well-positioned for long-term rental demand and future value-add potential. Buyer to verify all information including square footage, permits, zoning, unit count, legal use, and condition to their satisfaction.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$188 USD /SF

# OF UNITS

5

PRICE/UNIT

$159,980

CAP RATE

7.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

RM, City of S.B.

APN/PARCEL ID

0145-061-09

ASK ABOUT THIS PROPERTY

Enrique LizarazuDPP | CompassMore Info
626-818-0980

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Enrique LizarazuDPP | CompassMore Info
626-818-0980

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.