734 W Virginia St - Apartments FOR SALE


San Bernardino, CA 92405- Downtown San Bernardino
$2,399,000 USD
714-423-3819
734 W Virginia St, San Bernardino, CA for Sale
$2,399,000 USD
Apartments - FOR SALE
1/24
null | 7.99% Cap Rate

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


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,399,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

11

PRICE/UNIT

$218,091

CAP RATE

7.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Virginia Street Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

RU2

APN/PARCEL ID

0145-164-29

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
714-423-3819

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Anthony LeLe Investment GroupMore Info
714-423-3819

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