Remodeled Two-Unit
New
For Sale
$600,000
Pending
1025 W 11th, San Bernardino, CA 92411
Updated interiors include new plumbing, kitchens, and bathrooms in both units.
Property Size1,410 SF
Days on Market7
Property Features for 1025 W 11th
General Information
Standard status
Pending
Size
1,410 SF
Property subtype
Duplex
Units
Unit Mix
2 bedrooms 2 baths, 2 bedrooms 1 bath
Multifamily Units
2
Building Details
Building Size
1,410 SF
Year Built
1921
Listing Agency:
Excellence RE Real Estate Inc.
Listed By:
MARIA TINOCO · License #01197540
(909) 821-9446
Source:
Camdenmckayre
Added: Sep 21
Changed: Sep 25
Last Checked: Sep 26 at 1:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Excellence RE Real Estate Inc.
Investment Insights
Based on property information with market context.
Built in 1921, this duplex contains two residential units that have undergone a comprehensive remodel. The main residence offers two bedrooms, two bathrooms, and 750 sq. Ft., while the second unit includes two bedrooms and one bathroom.
Each unit has a new kitchen and updated bathrooms, with new plumbing throughout. Separate electrical meters serve the units, providing distinct utility metering for the property’s two-unit configuration.
Each unit has a new kitchen and updated bathrooms, with new plumbing throughout. Separate electrical meters serve the units, providing distinct utility metering for the property’s two-unit configuration.
Key Highlights
- Two‑unit duplex with a total remodel
- Main unit includes 2 bedrooms, 2 baths, and 750 sq. Ft.
- Second unit offers 2 bedrooms and 1 bath
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
$20,147
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
3.36%
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%
$402,940
$402.9K
Cap Rate 7%
$287,814
$287.8K
Cap Rate 9%
$223,856
$223.9K
Market Conditions
NOI Build-Up for 1,410 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
$30.5K $21.60/SF
− Vacancy
−$1.7K −$1.19/SF
EGI
$28.8K $20.41/SF
− OpEx
−$8.6K −$6.12/SF
NOI
$20.1K $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%
$402,940
Cap Rate 7%
$287,814
Cap Rate 9%
$223,856
Alternative Uses
Best Use
Multifamily LT 5
$287.8K
$251.8K – $335.8K
NOI $20,147 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$258.4K
$226.1K – $301.4K
NOI $18,085 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$424.6K
$371.6K – $495.4K
NOI $29,725 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 92411, CA
27,014
Population
7,065
Households
3.8
Avg Household Size
30
Median Age
7%
College-Educated
65%
High-School Grad
4.7 sq mi
ZIP Area
5,748
Density / Sq Mi
$55,457
Median Household Income
$31,320
Median Earnings
$1,355
Median Rent
$318,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors include new plumbing, kitchens, and bathrooms in both units.
Where is this duplex located?
The property is located at 1025 W 11th San Bernardino, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit duplex with a total remodel; Main unit includes 2 bedrooms, 2 baths, and 750 sq. Ft.; Second unit offers 2 bedrooms and 1 bath
