Upgraded Two-Unit
New
For Sale
$385,000
114 E Court, San Bernardino, CA 92410
San Bernardino, CA
Property Size1,075 SF
Lot Size0.16 Acres
Price / SF$358.14
Days on Market4
Property Features for 114 E Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Laundry Room, Bathroom 2
Parking features
Driveway
Interior features
Quartz Counters, Ceiling Fan(s)
Appliances
Water Heater
Lot features
2-5 Units/ Acre
Elementary school district
San Bernardino City Unified
Middle school district
San Bernardino City Unified
High school district
San Bernardino City Unified
Directions
from Sierra Way turn East and property is on the North side of the street
Subdivision
274 - San Bernardino
Standard status
Active
APN
0135181270000
Size
1,075 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
Homesmart Realty Group · HomeSmart International
(562) 912-7770
Listed By:
Akia Lynn · License #01970015
(714) 310-7887
Added: Sep 13
Changed: Sep 16
Last Checked: Sep 16 at 4:06PM
MLS# DW26201559
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 duplex contains two 1-bedroom, 1-bathroom units within a 1,075-square-foot building constructed in 1920. Each unit has its own driveway, while gas and electricity are separately metered. The property includes public water and public sewer, shingle roofing, ductless heating and cooling, quartz counters, ceiling fans, and a laundry room.
The vacant unit has wood-style vinyl flooring, quartz countertops, interior paint, a replacement toilet, and a split HVAC system. The occupied unit includes a water heater replaced in 2025 and a long-term tenant. The roof and sewer line were replaced in 2021, exterior paint was refreshed that year, and the building was re-piped in August 2026. The lot measures 0.155 acres.
The vacant unit has wood-style vinyl flooring, quartz countertops, interior paint, a replacement toilet, and a split HVAC system. The occupied unit includes a water heater replaced in 2025 and a long-term tenant. The roof and sewer line were replaced in 2021, exterior paint was refreshed that year, and the building was re-piped in August 2026. The lot measures 0.155 acres.
Key Highlights
- Two 1‑bedroom, 1‑bathroom units in a 1,075‑square‑foot duplex
- Separate driveways for both units
- Gas and electricity separately metered by unit
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
$15,360
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
3.99%
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%
$307,200
$307.2K
Cap Rate 7%
$219,429
$219.4K
Cap Rate 9%
$170,667
$170.7K
Market Conditions
NOI Build-Up for 1,075 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
$23.2K $21.60/SF
− Vacancy
−$1.3K −$1.19/SF
EGI
$21.9K $20.41/SF
− OpEx
−$6.6K −$6.12/SF
NOI
$15.4K $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%
$307,200
Cap Rate 7%
$219,429
Cap Rate 9%
$170,667
Alternative Uses
Best Use
Multifamily LT 5
$219.4K
$192.0K – $256.0K
NOI $15,360 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$197.0K
$172.4K – $229.8K
NOI $13,788 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$323.8K
$283.3K – $377.7K
NOI $22,663 @ 7.0% cap · market cap 5.89%
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
1,868
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
Check the figures for this property
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 - Income property with separate driveways, individual utility metering, and updates across both residential units.
Where is this duplex located?
The property is located at 114 E Court San Bernardino, CA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bathroom units in a 1,075‑square‑foot duplex; Separate driveways for both units; Gas and electricity separately metered by unit
