San Bernardino Apartment
For Sale
$4,500,000
1525 E Lynwood Dr, San Bernardino, CA 92404
25-unit apartment complex with attractive unit mix and updates.
Property Size14,973 SF
Lot Size0.25 Acres
Days on Market255
Property Features for 1525 E Lynwood Dr
General Information
Standard status
Active
Size
14,973 SF
Lot size
0.25 Acres
Property subtype
Commercial
Building Details
Building Size
14,973 SF
Year Built
1984
Units
25
Listing Agency:
Coldwell Banker Envision
(562) 945-2221
Listed By:
Hannah Johnson · License #01704180
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:53AM
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 Coldwell Banker Envision
Investment Insights
Based on property information with market context.
The Copper Canyon Apartments, located in San Bernardino, California, features 25 units with a mix of seventeen one-bedroom, one-bathroom units and eight two-bedroom, two-bathroom units. The property has been well-maintained and updated, including exterior paint and new parking asphalt. The laundry room features $14,000 in new commercial washer and dryer equipment. Updated units, landscaped grounds, a pool, gated entry, carport, leasing office, and on-site management are present. The property is reported to have a cap rate of 6.06%.
Key Highlights
- Attractive unit mix: (17) 1 bed/1 bath & (8) 2 bed/2 bath units
- Well‑maintained property with pride of ownership evident
- Recent updates including exterior paint, new parking asphalt, and updated units
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
$192,050
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
4.27%
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%
$3,841,000
$3.8M
Cap Rate 7%
$2,743,571
$2.7M
Cap Rate 9%
$2,133,889
$2.1M
Market Conditions
NOI Build-Up for 14,973 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
$368.3K $24.60/SF
− Vacancy
−$19.2K −$1.28/SF
EGI
$349.2K $23.32/SF
− OpEx
−$157.1K −$10.49/SF
NOI
$192.1K $12.83/SF
Area
San Bernardino, CA
Vacancy
5.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
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%
$3,841,000
Cap Rate 7%
$2,743,571
Cap Rate 9%
$2,133,889
Alternative Uses
Best Use
Apartment 5plus
$2.74M
$2.40M – $3.20M
NOI $192,050 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.51M
$3.95M – $5.26M
NOI $315,655 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 92404, CA
64,270
Population
19,403
Households
3.3
Avg Household Size
31
Median Age
10%
College-Educated
72%
High-School Grad
31.6 sq mi
ZIP Area
2,034
Density / Sq Mi
$66,173
Median Household Income
$36,237
Median Earnings
$1,386
Median Rent
$383,700
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 - 25-unit apartment complex with attractive unit mix and updates.
Where is this apartment building located?
The property is located at 1525 E Lynwood Dr San Bernardino, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Attractive unit mix: (17) 1 bed/1 bath & (8) 2 bed/2 bath units; Well‑maintained property with pride of ownership evident; Recent updates including exterior paint, new parking asphalt, and updated units
