Gated 8-Unit Apartment
For Sale
$1,670,000
1505 Sepulveda Avenue, San Bernardino, CA 92404
Eight-unit apartment building built in 1965, with gated access, private garages, and a mix of 1- and 2-bedroom units.
Property Size6,966 SF
Days on Market133
Property Features for 1505 Sepulveda Avenue
General Information
Standard status
Active
Size
6,966 SF
Property subtype
Apartment
Occupancy
88%
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
8
Building Details
Building Size
6,966 SF
Year Built
1965
Listing Agency:
Seven Gables Real Estate 951-818-1966 Overview Additional information MLS R ID IG26116625 Interior features Fireplace Yes Cooling Yes Heating Yes Exterior features Lot Size 0.37 Acres Other property details Garage Yes View Yes 55+/Senior Community No Michael Mucino | CA DRE# 01374697 Camden McKay Realty Request a tour Contact agent Request a tour Contact agent Listed by Alondra De Haro CA DRE# 02115489 with Seven Gables Real Estate 951-818-1966
Listed By:
Alondra De Haro CA DRE# 02115489
(951) 818-1966
Source:
Camdenmckayre
Added: May 28
Changed: Oct 2
Last Checked: Oct 7 at 5:02PM
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 Seven Gables Real Estate 951-818-1966 Overview Additional information MLS R ID IG26116625 Interior features Fireplace Yes Cooling Yes Heating Yes Exterior features Lot Size 0.37 Acres Other property details Garage Yes View Yes 55+/Senior Community No Michael Mucino | CA DRE# 01374697 Camden McKay Realty Request a tour Contact agent Request a tour Contact agent Listed by Alondra De Haro CA DRE# 02115489 with Seven Gables Real Estate 951-818-1966
Investment Insights
Based on property information with market context.
This for-sale multifamily property is an 8-unit apartment building built in 1965. The community features gated access and private garages, and it offers a mix of 1- and 2-bedroom units. At present, 7 units are fully tenant occupied and 1 unit is vacant.
The property is located in San Bernardino, CA. It is offered as an income-producing asset suitable for buyers looking to acquire a stabilized small multifamily building with an additional vacancy for immediate leasing or reconfiguration.
The building’s unit mix and current occupancy provide a straightforward way to assess ongoing rental performance and plan for any needed turnover.
The property is located in San Bernardino, CA. It is offered as an income-producing asset suitable for buyers looking to acquire a stabilized small multifamily building with an additional vacancy for immediate leasing or reconfiguration.
The building’s unit mix and current occupancy provide a straightforward way to assess ongoing rental performance and plan for any needed turnover.
Key Highlights
- 8‑unit apartment building built in 1965 with gated access and private garages
- Unit mix includes 1‑bedroom and 2‑bedroom apartments
- 7 units currently tenant‑occupied with 1 vacant unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,349
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,980
$1.8M
Cap Rate 7%
$1,276,414
$1.3M
Cap Rate 9%
$992,767
$992.8K
Market Conditions
NOI Build-Up for 6,966 SF
Gross rent
$171.4K $24.60/SF
− Vacancy
−$8.9K −$1.28/SF
EGI
$162.5K $23.32/SF
− OpEx
−$73.1K −$10.49/SF
NOI
$89.3K $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 Rate 5%
$1,786,980
Cap Rate 7%
$1,276,414
Cap Rate 9%
$992,767
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,349 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,854 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
87.5%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,991
Businesses Nearby
Explore this area
Business Placement
Demographics for 92404, CA
64,270
Population
19,403
Households
3.3
Avg Household Size
31
Median Age
10%
College-Educated
72%
High-School Grad
31.6 sq mi
ZIP Area
2,034
Density / Sq Mi
$66,173
Median Household Income
$36,237
Median Earnings
$1,386
Median Rent
$383,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit apartment building built in 1965, with gated access, private garages, and a mix of 1- and 2-bedroom units.
Where is this apartment building located?
The property is located at 1505 Sepulveda Avenue San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,670,000.
What are key features of this property?
This property features: 8‑unit apartment building built in 1965 with gated access and private garages; Unit mix includes 1‑bedroom and 2‑bedroom apartments; 7 units currently tenant‑occupied with 1 vacant unit
