Added: Mar 25Changed: Jul 6Last Checked: Aug 31 at 1:28PM
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Investment Insights
Based on property information with market context.
Located at 2352-2386 LeRoy Street in San Bernardino, the El Royale Apartments offer a 33-unit complex built in 1960. The two-story property is situated on a 43,549 square foot lot, with a total building size of 24,551 square feet. The unit mix comprises 28 one-bedroom/one-bathroom units and 5 two-bedroom/one-bathroom units, averaging 743 square feet per unit. The property features controlled gated access, carport parking, a gated swimming pool, an on-site laundry facility, rentable storage units, and a landscaped courtyard with a BBQ grill. Individual units include wall air conditioning and heating, gas oven/stoves, vertical blinds, high-speed internet access, and wood vinyl plank flooring or carpeting. The property is located on North LeRoy Street, south of the 210 freeway and within 4 miles of Downtown San Bernardino, offering convenient access to shops, restaurants, parks, and schools. It is also near San Bernardino City Hall, San Bernardino Valley College, CSU San Bernardino, Loma Linda University Medical Center, University of Redlands, and UC Riverside via the 10, 210, and 215 freeways. Access to local ski resorts and mountain cities is facilitated by highways 18 and 330. The Metrolink Commuter Train Depot is also nearby, providing service between Downtown Los Angeles and the Inland Empire. The property presents a value-add opportunity with approximately 27% rental upside potential through continued interior and exterior renovations. Nearby landmarks within 20 miles include San Manuel Stadium, Arrowhead Country Club, the First Original McDonald’s Museum, Dignity Health St. Bernardine Medical Center, San Bernardino International Airport, Yaamava’ Resort & Casino, Cal State University San Bernardino, Loma Linda University Medical Center, and the University of Redlands.
Key Highlights
Value‑add opportunity with approximately 27% rental upside potential through continued interior and exterior renovations.
Excellent unit mix of one- and two‑bedroom units with an average unit size of 743 square feet.
Located on a large 43,549 SF lot in a solid rental location in San Bernardino.
Property Analytics
Property Profile
Current Use
Apartment buildings
Suggested Use
Top PickReal Estate AgencyParking Lot & GarageHVAC ServiceElectrical ServiceKitchen & Bath Showroom(Bike/Boat/Book/etc) Store
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
1,323
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
7%2022
7.8%2023
8.6%2024
8.6%2025
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Apartment building - 33-unit apartment complex with value-add potential in San Bernardino.
Where is this apartment building located?
The property is located at 2352 North Leroy Street San Bernardino, CA.
What are key features of this property?
This property features: Value‑add opportunity with approximately 27% rental upside potential through continued interior and exterior renovations.; Excellent unit mix of one- and two‑bedroom units with an average unit size of 743 square feet.; Located on a large 43,549 SF lot in a solid rental location in San Bernardino.