Four-Unit
For Sale
$888,888
1364 Bell Street, San Bernardino, CA 92404
San Bernardino, CA
Property Size2,988 SF
Lot Size0.20 Acres
Price / SF$297.49
Days on Market86
Property Features for 1364 Bell Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 2, Laundry Room, Bathroom 1, Bathroom 4, Kitchen, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 5
Parking
8
Lot features
0-1 Unit/ Acre
Elementary school district
San Bernardino City Unified
Middle school district
San Bernardino City Unified
High school district
San Bernardino City Unified
Directions
210 Freeway East Exit Waterman South
Subdivision
274 - San Bernardino
Standard status
Active
APN
0146212130000
Size
2,988 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
4
Listing Agency:
Coldwell Banker Hallmark Realty · Prudential Real Estate
(818) 476-3000
Listed By:
Sarkis Kalinyan · License #01294788
(818) 402-3593
Added: Jun 12
Changed: Sep 2
Last Checked: Sep 5 at 2:06PM
MLS# BB26128369
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit apartment property contains two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units within 2,988 square feet. Built in 1955, the property includes kitchens, a laundry room, public water, public sewer, and wall or window cooling units. The lot measures 0.204 acres.
The property is situated near shopping centers, restaurants, the DMV, and the 210 Freeway. Big Bear Lake, Arrowhead, and Yaamava Resort and Casino are also identified in the surrounding area. The unit mix and four-residence configuration provide a clearly defined multifamily layout.
The property is situated near shopping centers, restaurants, the DMV, and the 210 Freeway. Big Bear Lake, Arrowhead, and Yaamava Resort and Casino are also identified in the surrounding area. The unit mix and four-residence configuration provide a clearly defined multifamily layout.
Key Highlights
- Four‑unit apartment property with two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
- 2,988 square feet of building area on a 0.204‑acre lot
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,694
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$853,880
$853.9K
Cap Rate 7%
$609,914
$609.9K
Cap Rate 9%
$474,378
$474.4K
Market Conditions
NOI Build-Up for 2,988 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.5K $21.60/SF
− Vacancy
−$3.5K −$1.19/SF
EGI
$61.0K $20.41/SF
− OpEx
−$18.3K −$6.12/SF
NOI
$42.7K $14.29/SF
Area
San Bernardino, CA
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$853,880
Cap Rate 7%
$609,914
Cap Rate 9%
$474,378
Alternative Uses
Best Use
Multifamily LT 5
$609.9K
$533.7K – $711.6K
NOI $42,694 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$547.5K
$479.1K – $638.8K
NOI $38,325 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$899.9K
$787.4K – $1.05M
NOI $62,992 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 92404, CA
64,270
Population
19,403
Households
3.3
Avg Household Size
31
Median Age
10%
College-Educated
72%
High-School Grad
31.6 sq mi
ZIP Area
2,034
Density / Sq Mi
$66,173
Median Household Income
$36,237
Median Earnings
$1,386
Median Rent
$383,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing apartment property with a two-bedroom and one-bedroom unit mix across four residences.
Where is this quadplex located?
The property is located at 1364 Bell Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $888,888.
What are key features of this property?
This property features: Four‑unit apartment property with two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; 2,988 square feet of building area on a 0.204‑acre lot; Built in 1955
