Fully Remodeled Two-Unit
1851 W 23rd St San Bernardino, CA 92407
For Sale
$649,000
MULTI_FAMILY - San Bernardino, CA
Property Size1,558 SF
Lot Size0.41 Acres
Price / SF$416.56
Days on Market64
Property Features for 1851 W 23rd St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 4
Parking features
Garage
Standard status
Active
APN
0268-481-10-0000
Size
1,558 SF
Lot size
0.41 Acres
Utilities
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air, Heat Pump
Building Details
Year built
1948
Floors in Building
1
Number of units
2
Listing Agency:
Dynasty Real Estate
(909) 373-2505
Listed By:
Eran Fattal · License #01304180
(747) 343-1266
Added: May 26
Changed: Jul 23
Last Checked: Jul 28 at 3:06AM
MLS# 26838601
Copyright © 2026 The MLS/CLAW. 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 fully remodeled two-unit duplex features Unit A with three bedrooms and 1.5 bathrooms and Unit B with two bedrooms and one bathroom. Updates include brand-new roofs, new recessed lighting, dual-pane windows, refreshed kitchens with new cabinets and counters, and new vinyl flooring in living rooms, kitchens, and bedrooms. Both units have updated plumbing and electrical fixtures, new light fixtures, new vanities and toilets, and each unit has its own laundry area.
The property also includes a 1-car garage with a new garage door and separately metered utilities, with two gas meters, two electrical meters, and two water meters. The listing notes easy freeway access, with the 210 described as nearby.
Additional improvements cited include central air/heat in Unit A and a brand-new heat pump/mini-split system in Unit B.
The property also includes a 1-car garage with a new garage door and separately metered utilities, with two gas meters, two electrical meters, and two water meters. The listing notes easy freeway access, with the 210 described as nearby.
Additional improvements cited include central air/heat in Unit A and a brand-new heat pump/mini-split system in Unit B.
Key Highlights
- Fully remodeled two‑unit property in North San Bernardino (100% vacant).
- Unit A: 3 bedrooms, 1.5 bathrooms; Unit B: 2 bedrooms, 1 bathroom.
- Separate utilities for both units: 2 gas meters, 2 electrical meters, and 2 water meters.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $21.60 |
| − Vacancy | −$1.9k | −$1.19 |
| EGI | $31.8k | $20.41 |
| − OpEx | −$9.5k | −$6.12 |
| NOI | $22.3k | $14.29 |
1,558 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.0K
$278.3K – $371.0K
NOI $22,261 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$285.5K
$249.8K – $333.1K
NOI $19,984 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$469.2K
$410.6K – $547.4K
NOI $32,845 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex on a large lot with a 1-car garage and fully remodeled interiors, including central heating/air in Unit A.
Where is this duplex located?
The property is located at 1851 W 23rd St San Bernardino, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Fully remodeled two‑unit property in North San Bernardino (100% vacant).; Unit A: 3 bedrooms, 1.5 bathrooms; Unit B: 2 bedrooms, 1 bathroom.; Separate utilities for both units: 2 gas meters, 2 electrical meters, and 2 water meters.
