Five-Unit Apartment
1493 Belle Street San Bernardino, CA 92404
For Sale
Contact for pricing
Pending
Five-unit multifamily asset with separate gas and electric meters and a long driveway providing over 10 parking spaces.
Property Size2,722 SF
Lot Size0.26 Acres
Days on Market184
Property Features for 1493 Belle Street
General Information
- Standard status
- Pending
- Size
- 2,722 SF
- Lot size
- 0.26 Acres
- Property subtype
- Multifamily
Listing Agency:
RJ Realty
(213) 249-3255
Listed By:
Ricky Lee · License #CA 01932116
Source:
Crexi
Added: Jan 20
Changed: Jul 22
Last Checked: Jul 22 at 3:59AM
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 RJ Realty
Investment Insights
Based on property information with market context.
This five-unit apartment property features three units in the front house and two studio units in the back house above a three-car garage. The front units include two 1-bedroom, 1-bath layouts and one 2-bedroom, 1-bath layout. The back house includes two studios, identified as units 1493B and 1493C. The property is described as well maintained and in good condition, with new electrical panels, renovated kitchens, newer water heaters, and partially updated plumbing. Each unit has separate gas and electric meters, while the landlord covers water, trash, and the gardener.
The property sits on a spacious flat lot and includes a super long driveway offering more than 10 parking spaces. The public remarks also note potential for an ADU. It is located near the 210/215 freeways, schools, and shopping centers.
Parking and meter separation support practical resident setup, with the configuration combining a three-unit front building and two studio units above the garage in the rear.
The property sits on a spacious flat lot and includes a super long driveway offering more than 10 parking spaces. The public remarks also note potential for an ADU. It is located near the 210/215 freeways, schools, and shopping centers.
Parking and meter separation support practical resident setup, with the configuration combining a three-unit front building and two studio units above the garage in the rear.
Key Highlights
- Five‑unit multifamily property in San Bernardino, fully occupied with five stable rental incomes
- 11,410 sqft flat lot with ADU potential and a super long driveway with more than 10 parking spaces
- Front house includes three units: 1497 (1 bed/1 bath), 1495 (1 bed/1 bath), and 1493A (2 bed/1 bath)
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 | $67.0k | $24.60 |
| − Vacancy | −$3.5k | −$1.28 |
| EGI | $63.5k | $23.32 |
| − OpEx | −$28.6k | −$10.49 |
| NOI | $34.9k | $12.83 |
2,722 SF · lease $24.60/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$498.8K
$436.4K – $581.9K
NOI $34,914 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$819.8K
$717.3K – $956.4K
NOI $57,384 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit multifamily asset with separate gas and electric meters and a long driveway providing over 10 parking spaces.
Where is this apartment building located?
The property is located at 1493 Belle Street San Bernardino, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Five‑unit multifamily property in San Bernardino, fully occupied with five stable rental incomes; 11,410 sqft flat lot with ADU potential and a super long driveway with more than 10 parking spaces; Front house includes three units: 1497 (1 bed/1 bath), 1495 (1 bed/1 bath), and 1493A (2 bed/1 bath)
