Six-Unit Apartment Property with Bungalow
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For Sale
Contact for pricing
1123 BOBBETT DR, San Bernardino, CA 92410
Six-unit multifamily with a bungalow-style layout and no shared walls, offering four two-bedroom units and two one-bedroom units.
Property Size4,188 SF
Lot Size0.29 Acres
Price / SF$308.02
Days on Market6
Property Features for 1123 BOBBETT DR
General Information
Standard status
Active
Size
4,188 SF
Net Rentable
4,188 SF
Lot size
0.29 Acres
Property subtype
Multifamily
Financials
Cap Rate
6.4%
Gross Rent Multiplier
10.48
Units
Unit Mix
4 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
6
Additional Details
Highway Access
Yes
Building Details
Year Built
1948
Construction
bungalow
Listing Agency:
Marcus & Millichap - Inland Empire
(213) 943-1884
Listed By:
Sebastian Diaz · License #02109872
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 3:39PM
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 Marcus & Millichap - Inland Empire
Investment Insights
Based on property information with market context.
1123 Bobbett Drive is a six-unit apartment property featuring a bungalow-style layout with no shared walls. The unit mix includes four two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units. Approximately 4,188 rentable square feet sit on a 12,622 square foot lot. The property was built in 1948.
Recent improvements include a newer roof, new electrical breakers in select units, and updated interiors in select units with fresh paint and upgraded finishes. A storage area at the rear of the property may support supplemental rental income.
Conveniently located near the 210 and 215 Freeways, the property offers access throughout San Bernardino and the Inland Empire. The offering is presented with a 6.40% cap rate and 10.48 GRM.
Recent improvements include a newer roof, new electrical breakers in select units, and updated interiors in select units with fresh paint and upgraded finishes. A storage area at the rear of the property may support supplemental rental income.
Conveniently located near the 210 and 215 Freeways, the property offers access throughout San Bernardino and the Inland Empire. The offering is presented with a 6.40% cap rate and 10.48 GRM.
Key Highlights
- Six‑unit apartment property with bungalow‑style layout and no shared walls
- Unit mix: four two‑bedroom/one‑bath units and two one‑bedroom/one‑bath units
- Approximately 4,188 rentable SF on a 12,622 SF lot
Financial Insights For Apartment 5plus
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 | $103.0k | $24.60 |
| − Vacancy | −$5.4k | −$1.28 |
| EGI | $97.7k | $23.32 |
| − OpEx | −$44.0k | −$10.49 |
| NOI | $53.7k | $12.83 |
4,188 SF · lease $24.60/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$767.4K
$671.5K – $895.3K
NOI $53,717 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,290 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 92410, CA
51,651
Population
14,325
Households
3.6
Avg Household Size
30
Median Age
6%
College-Educated
66%
High-School Grad
8.2 sq mi
ZIP Area
6,299
Density / Sq Mi
$53,390
Median Household Income
$32,474
Median Earnings
$1,303
Median Rent
$273,700
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?
Apartment building - Six-unit multifamily with a bungalow-style layout and no shared walls, offering four two-bedroom units and two one-bedroom units.
Where is this apartment building located?
The property is located at 1123 BOBBETT DR San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Six‑unit apartment property with bungalow‑style layout and no shared walls; Unit mix: four two‑bedroom/one‑bath units and two one‑bedroom/one‑bath units; Approximately 4,188 rentable SF on a 12,622 SF lot
