Four-Unit
New
For Sale
$895,000
1096 E 2nd, San Bernardino, CA 92408
Four separate structures provide private entries, side yards, shared parking, and access to a central grassy outdoor area.
Property Size3,072 SF
Days on Market3
Property Features for 1096 E 2nd
General Information
Standard status
Active
Size
3,072 SF
Property subtype
Investment
Property Condition
Severity
Repairs Needed
Evidence
Need a little TLC.
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
private driveway
separate entrance
side yard
grassy area
Building Details
Building Size
3,072 SF
Year Built
1959
Buildings
4
Stories
1
Units
4
Listing Agency:
RE/MAX Time
Listed By:
Lorna Busante · License #01248256
(909) 373-0858
Source:
Elliman
Added: Sep 15
Last Checked: Sep 16 at 3:38PM
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 RE/MAX Time
Investment Insights
Based on property information with market context.
The property contains four separate buildings, with one two-bedroom, one-bath unit in each. Every residence has its own entrance and side yard, along with a kitchen that includes space for a washer and dryer. A private driveway serves the complex, and ample parking is available for occupants. The buildings surround a central grassy area that provides shared outdoor space.
Built in 1959, the property is located at 1096 E 2nd in San Bernardino, CA 92408. Walk Score is 44, classified as Car-Dependent; Bike Score is 51, classified as Bikeable; Transit Score is 27, classified as Some Transit. The property needs TLC, and offers are subject to interior inspection.
Built in 1959, the property is located at 1096 E 2nd in San Bernardino, CA 92408. Walk Score is 44, classified as Car-Dependent; Bike Score is 51, classified as Bikeable; Transit Score is 27, classified as Some Transit. The property needs TLC, and offers are subject to interior inspection.
Key Highlights
- Four separate buildings with one unit in each
- Each unit includes 2 bedrooms and 1 bath
- Private driveway, separate entrances, and side yards
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
$43,894
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
4.90%
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%
$877,880
$877.9K
Cap Rate 7%
$627,057
$627.1K
Cap Rate 9%
$487,711
$487.7K
Market Conditions
NOI Build-Up for 3,072 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
$66.4K $21.60/SF
− Vacancy
−$3.6K −$1.19/SF
EGI
$62.7K $20.41/SF
− OpEx
−$18.8K −$6.12/SF
NOI
$43.9K $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%
$877,880
Cap Rate 7%
$627,057
Cap Rate 9%
$487,711
Alternative Uses
Best Use
Multifamily LT 5
$627.1K
$548.7K – $731.6K
NOI $43,894 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$562.9K
$492.5K – $656.7K
NOI $39,403 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$925.2K
$809.5K – $1.08M
NOI $64,763 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 92408, CA
13,488
Population
4,403
Households
3.1
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
10.5 sq mi
ZIP Area
1,285
Density / Sq Mi
$63,696
Median Household Income
$32,122
Median Earnings
$1,314
Median Rent
$407,300
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?
Quadplex - Four separate structures provide private entries, side yards, shared parking, and access to a central grassy outdoor area.
Where is this quadplex located?
The property is located at 1096 E 2nd San Bernardino, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four separate buildings with one unit in each; Each unit includes 2 bedrooms and 1 bath; Private driveway, separate entrances, and side yards
