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    Multifamily Property with Income Potential Title is generated by Realmo AI

    1064 N H, San Bernardino, CA 92410

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    For Sale
    $685,000

    Multifamily property ideal for owner-occupancy and rental income generation.

    Type:Investment
    Added:
    May 20, 2026
    Days on Market:
    16
    Last Refresh:
    May 20 at 1:31 pm

    Property Features for 1064 N H

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    Lorraine Quinn

    Listing agent Lorraine Quinn License #01204046

    Listing office INDEPENDENCE REALTY

    Listing date May 20, 2026

    Source Elliman

    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 INDEPENDENCE REALTY

    HighLights

    • Significant income potential with $3,400/month from three existing rental units.
    • Increase rental income by completing and renting the remodeled garage/fourth home.
    • Main house features 4 bedrooms, suitable for owner occupancy or higher rental income.
    • Large yard provides potential for additional income through RV parking.
    • Estimated monthly payment of $4,294 with potential for $2,500+ gross monthly profit after renting main house and remodeled garage.
    • Property includes multiple dwellings: a 4‑bedroom house, a 2‑bedroom house, and a 1‑bedroom house.

    Overview

    This multifamily property features a main house with 4 bedrooms, previously rented for $3,000 per month and currently owner-occupied. A second home on the property offers 2 bedrooms and is rented for $2,000 per month. Additionally, there is a one-bedroom home rented for $1,400 per month. A garage is being remodeled into a fourth home with a new roof and windows; it was previously rented for $400 per month and has the potential to rent for more. The property includes a large yard that has been used for RV parking. The location has a bike score of 52, indicating it is bikeable, a walk score of 66, indicating it is somewhat walkable, and a transit score of 44, indicating some transit options are available. This property is suitable for an owner to live in one unit and rent out the others.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Bernardino
    County
    San Bernardino
    State
    California
    Longitude
    -117.3012457
    Latitude
    34.1187545

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property ideal for owner-occupancy and rental income generation.
    Where is this multifamily property located?
    The property is located at 1064 N H San Bernardino, CA.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: Significant income potential with $3,400/month from three existing rental units.; Increase rental income by completing and renting the remodeled garage/fourth home.; **Main house features 4 bedrooms**, suitable for owner occupancy or higher rental income.
    (760) 213-1466
    We can help!
    Listing Contact
    Lorraine Quinn
    Real Estate License ID: 01204046
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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