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San Bernadino Fourplex Investment Opportunity

246 E 21st Street San Bernardino, CA 92404

Claim this Listing
For Sale
$960,000

MULTI_FAMILY - San Bernadino, CA

Property size:
3,975 SF
Lot size:
0.24 Acres
Price / SF:
$241/SF
Added:
Dec 19, 2025
Days on Market:
204
Last Refresh:
Jul 11 at 1:06 am

Property Features for 246 E 21st Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
multiunit
Bathrooms
8
Rooms
Bathroom 4, Bathroom 5, Bathroom 6, Bathroom 3, Bathroom 2, Bathroom 8, Bathroom 1, Bathroom 7
Standard status
Active
APN
0146-031-01-0000
Size
3,975 SF
Lot size
0.24 Acres

Utilities

Heating system
Central
Cooling system
Central Air

Building Details

Year built
1989
Number of units
4
Building materials
Stucco, Shingle Siding

Listing agent Virginia Diaz License #01953446

Listing office Keller Williams Realty A.V. 1401 W Rancho Vista Blvd Suite B, Palmdale, CA

Listing date Dec 19, 2025

MLS# 25009444 Listing URL

Copyright © 2026 Greater Antelope Valley Association of Realtors. 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 fourplex investment opportunity is located in San Bernardino. The property consists of four units, each featuring 2 bedrooms and 2 bathrooms, central air and heat, and two assigned secured carports. An onsite laundry room and separate storage are available. The property generates approximately $5,800 per month. All units are tenant-occupied under month-to-month agreements. The complex has undergone upgrades and upkeep within the past two years. The property is conveniently situated near major freeways, hospitals, and everyday amenities. Three two-story units face 21st Street, and one one-story unit faces Wall Street. The property size is 3,975 square feet, situated on a lot of 0.24 acres.

Key Highlights

  • Fourplex at 246 E 21st St in San Bernardino, built in 1989
  • Income‑producing property generating approximately $5,800/month from 4 tenant‑occupied units on month‑to‑month agreements
  • All 4 units offer 2 beds and 2 baths; 3 two‑story units face 21st Street and 1 one‑story unit faces Wall Street

Local 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 $85.9k $21.60
− Vacancy −$4.7k −$1.19
EGI $81.1k $20.41
− OpEx −$24.3k −$6.12
NOI $56.8k $14.29
3,975 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$811.4K
$710.0K – $946.6K (±1% cap)
NOI $56,796 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$728.4K
$637.3K – $849.8K (±1% cap)
NOI $50,985 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M (±1% cap)
NOI $83,799 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Parking Lot & Garage Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Electrical Service Accounting Firm Building Supply

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Income-producing fourplex near freeways, hospitals, and amenities.
Where is this quadplex located?
The property is located at 246 E 21st Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Fourplex at 246 E 21st St in San Bernardino, built in 1989; Income‑producing property generating approximately $5,800/month from 4 tenant‑occupied units on month‑to‑month agreements; All 4 units offer 2 beds and 2 baths; 3 two‑story units face 21st Street and 1 one‑story unit faces Wall Street
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