Gated 22-Unit Multifamily
For Sale
$3,995,000
1319 Acacia, San Bernardino, CA 92405
Gated 22-unit apartment community with rooftop HVAC, new roofing, and a recently renovated onsite laundry facility.
Property Size15,742 SF
Days on Market161
Property Features for 1319 Acacia
General Information
Standard status
Active
Size
15,742 SF
Property subtype
Apartment
Building Details
Building Size
15,742 SF
Year Built
1987
Listing Agency:
LE INVESTMENT GROUP
Listed By:
ALBERT LE · License #01468313
(909) 256-7889
Source:
Velocityrealtysd
Added: Mar 27
Changed: Aug 28
Last Checked: Sep 2 at 2:04AM
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 LE INVESTMENT GROUP
Investment Insights
Based on property information with market context.
This 22-unit apartment community is set within a secure, fully gated environment enhanced by a 44-camera security system. Recent capital improvements include new roofing and all new rooftop HVAC units, along with interior renovations to approximately 25% of the units.
The unit mix includes twelve one-bedroom one-bath units, nine two-bedroom one-bath units, and one three-bedroom two-bath unit, providing a diversified residential configuration. The property also benefits from an onsite parking setup and a recently renovated laundry facility with a stated $25,000 capital investment. Additional ancillary income is noted from laundry, pet rent, and garage income.
The community is located on a 0.70-acre corner lot at 1319 Acacia Avenue and is described as positioned for strong regional connectivity between I-215, I-10, and I-210. The offering is presented as stabilized with realized rent increases and remaining upside through continued market rent adjustments.
The unit mix includes twelve one-bedroom one-bath units, nine two-bedroom one-bath units, and one three-bedroom two-bath unit, providing a diversified residential configuration. The property also benefits from an onsite parking setup and a recently renovated laundry facility with a stated $25,000 capital investment. Additional ancillary income is noted from laundry, pet rent, and garage income.
The community is located on a 0.70-acre corner lot at 1319 Acacia Avenue and is described as positioned for strong regional connectivity between I-215, I-10, and I-210. The offering is presented as stabilized with realized rent increases and remaining upside through continued market rent adjustments.
Key Highlights
- 22‑unit gated apartment community with (12) 1 bed/1 bath, (9) 2 bed/1 bath, and (1) 3 bed/2 bath unit mix.
- 5.90% current cap rate and 6.88% pro forma cap rate; +20% NOI increase projected through rent growth.
- Realized $4,500 in monthly rent increases plus $4,000+ in additional monthly upside remaining through continued market rent adjustments.
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
$201,914
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
5.05%
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%
$4,038,280
$4.0M
Cap Rate 7%
$2,884,486
$2.9M
Cap Rate 9%
$2,243,489
$2.2M
Market Conditions
NOI Build-Up for 15,742 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
$387.3K $24.60/SF
− Vacancy
−$20.1K −$1.28/SF
EGI
$367.1K $23.32/SF
− OpEx
−$165.2K −$10.49/SF
NOI
$201.9K $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%
$4,038,280
Cap Rate 7%
$2,884,486
Cap Rate 9%
$2,243,489
Alternative Uses
Best Use
Apartment 5plus
$2.88M
$2.52M – $3.37M
NOI $201,914 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.74M
$4.15M – $5.53M
NOI $331,867 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
841
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?
Apartment building - Gated 22-unit apartment community with rooftop HVAC, new roofing, and a recently renovated onsite laundry facility.
Where is this apartment building located?
The property is located at 1319 Acacia San Bernardino, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 22‑unit gated apartment community with (12) 1 bed/1 bath, (9) 2 bed/1 bath, and (1) 3 bed/2 bath unit mix.; 5.90% current cap rate and 6.88% pro forma cap rate; +20% NOI increase projected through rent growth.; Realized $4,500 in monthly rent increases plus $4,000+ in additional monthly upside remaining through continued market rent adjustments.
