San Bernardino Multifamily Investment
1475 East Date Street San Bernardino, CA 92404
1475 East Date Street, San Bernardino, CA, 92404
$11,500,000
For Sale
$11,500,000
Stabilized 67-unit apartment complex with strong income potential.
Property Size52,572 SF
Lot Size2.40 Acres
Price / SF$218.75
Days on Market94
Property Features for 1475 East Date Street
General Information
- Standard status
- Active
- Size
- 52,572 SF
- Lot size
- 2.40 Acres
- Property subtype
- Multifamily
Listing Agency
CBRE - Ontario
(909) 418-2071
Listed by
Eric Chen · License #01489184
(909) 418-2071
Source
Cbre
Added: Apr 15 Checked: Jul 17 at 2:51 am
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 CBRE - Ontario
Investment Insights
Based on property information with market context.
Located at 1475 E Date Street in San Bernardino, CA, Mountain View Apartments presents an investment opportunity in the Inland Empire. This 67-unit apartment complex, built in 1985, features a mix of eighteen 1-bedroom/1-bathroom units, twenty-four 2-bedroom/1-bathroom units, and twenty-five 2-bedroom/2-bathroom units, with an average unit size of 776 square feet. The property is situated on a ±104,544 square foot lot with a total rentable area of ±52,572 square feet. Interior amenities include central air conditioning and heating, dishwashers, disposals, range ovens with matching range hoods, and walk-in closets. Select units also feature vaulted ceilings and private balconies or patios. The gated, controlled-access community offers a swimming pool and landscaped grounds. On-site laundry facilities, high-speed internet access, and dedicated on-site management are available. The property is located in the Northeast Sterling neighborhood, with access to the 210, 215, and 10 freeways, and is nine minutes from the San Bernardino Metrolink station and seven miles from California State University, San Bernardino. It is also near Downtown San Bernardino, the Yaamava’ Resort & Casino, and Dignity Health - St. Bernardine Medical Center. The San Bernardino International Airport and the San Bernardino National Forest are also nearby.
Key Highlights
- Strong income potential with a 6.07% entry CAP rate and a path to 7.34% pro forma yield, driven by a 13% rental upside.
- Stabilized, income‑producing 67‑unit asset in the high‑demand Inland Empire market.
- Modern renovations in most units, making it attractive to contemporary renters and a turnkey investment.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.29M | $24.60 |
| − Vacancy | −$67.3k | −$1.28 |
| EGI | $1.23M | $23.32 |
| − OpEx | −$551.7k | −$10.49 |
| NOI | $674.3k | $12.83 |
52,572 SF · lease $24.60/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$9.63M
$8.43M – $11.24M
NOI $674,312 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.83M
$13.85M – $18.47M
NOI $1,108,302 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mountain View Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Stabilized 67-unit apartment complex with strong income potential.
Where is this apartment building located?
The property is located at 1475 East Date Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Strong income potential with a 6.07% entry CAP rate and a path to 7.34% pro forma yield, driven by a 13% rental upside.; Stabilized, income‑producing 67‑unit asset in the high‑demand Inland Empire market.; Modern renovations in most units, making it attractive to contemporary renters and a turnkey investment.
