Occupied Triplex With
New
For Sale
$639,000
126 W Wabash St, San Bernardino, CA 92405
Three occupied units offer separate entrances, distinct bedroom layouts, and garage and off-street parking.
Property Size2,438 SF
Days on Market3
Property Features for 126 W Wabash St
General Information
Standard status
Active
Size
2,438 SF
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Building Details
Building Size
2,438 SF
Year Built
1952
Units
3
Listing Agency:
COMPASS
(818) 636-1799
Listed By:
Dawn Hicks · License #01260624
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 3:49AM
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 COMPASS
Investment Insights
Based on property information with market context.
This triplex contains three separate residences with independent entrances. The two front units each have 1 bedroom and 1 bathroom, while the rear residence provides 3 bedrooms and 2 bathrooms. Garage and off-street parking are included, and all three units are currently occupied.
The property is located at 126 W Wabash St in San Bernardino, California. Nearby context includes shopping, dining, schools, and major transportation routes. WalkScore is 66, BikeScore is 55, and TransitScore is 41. Built in 1952, the property offers an established three-unit configuration with varied floor plans.
The property is located at 126 W Wabash St in San Bernardino, California. Nearby context includes shopping, dining, schools, and major transportation routes. WalkScore is 66, BikeScore is 55, and TransitScore is 41. Built in 1952, the property offers an established three-unit configuration with varied floor plans.
Key Highlights
- Three‑unit property with two 1‑bedroom, 1‑bathroom front residences and one 3‑bedroom, 2‑bathroom rear residence
- All three units are currently occupied
- Separate entrance for each 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
$34,835
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
5.45%
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%
$696,700
$696.7K
Cap Rate 7%
$497,643
$497.6K
Cap Rate 9%
$387,056
$387.1K
Market Conditions
NOI Build-Up for 2,438 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
$52.7K $21.60/SF
− Vacancy
−$2.9K −$1.19/SF
EGI
$49.8K $20.41/SF
− OpEx
−$14.9K −$6.12/SF
NOI
$34.8K $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%
$696,700
Cap Rate 7%
$497,643
Cap Rate 9%
$387,056
Alternative Uses
Best Use
Multifamily LT 5
$497.6K
$435.4K – $580.6K
NOI $34,835 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$446.7K
$390.9K – $521.2K
NOI $31,271 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$734.2K
$642.5K – $856.6K
NOI $51,397 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Explore this area
Business Placement
Demographics for 92405, CA
32,165
Population
9,727
Households
3.3
Avg Household Size
31
Median Age
13%
College-Educated
74%
High-School Grad
5.0 sq mi
ZIP Area
6,433
Density / Sq Mi
$59,271
Median Household Income
$32,066
Median Earnings
$1,424
Median Rent
$376,800
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?
Triplex - Three occupied units offer separate entrances, distinct bedroom layouts, and garage and off-street parking.
Where is this triplex located?
The property is located at 126 W Wabash St San Bernardino, CA.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Three‑unit property with two 1‑bedroom, 1‑bathroom front residences and one 3‑bedroom, 2‑bathroom rear residence; All three units are currently occupied; Separate entrance for each unit
