57-Unit Apartment
New
For Sale
$10,800,000
1683 Pumalo Street East, San Bernardino, CA 92404
Residents have access to a gated setting, swimming pool, onsite laundry, and assigned parking.
Property Size52,070 SF
Price / SF$207.41
Days on Market4
Property Features for 1683 Pumalo Street East
General Information
Standard status
Active
Size
52,070 SF
Property subtype
Multifamily
Listing Agency:
CB RICHARD ELLIS
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Cbre
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 9:47PM
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 CB RICHARD ELLIS
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Investment Insights
Based on property information with market context.
This 57-unit apartment property comprises nine buildings and was built in 1985. Its 52,070 square feet of building area sits on an approximately 101,200-square-foot lot. The unit mix includes one 1-bedroom/1-bathroom residence and 56 2-bedroom/2-bathroom residences, averaging 914 square feet. About 47% of the units have been renovated with updated flooring, countertops, fixtures, appliances, and interior paint. Central air and heating serve the units, and select residences have outdoor patios. Decks and walkways have had wood and decking replaced; the property is CA SB-721 compliant.
Community amenities include a swimming pool, onsite laundry facility, assigned surface parking, gated access, and landscaped grounds. The property is in San Bernardino’s Northeast Sterling neighborhood, with access to State Route 210 and Interstates 215 and 10.
Community amenities include a swimming pool, onsite laundry facility, assigned surface parking, gated access, and landscaped grounds. The property is in San Bernardino’s Northeast Sterling neighborhood, with access to State Route 210 and Interstates 215 and 10.
Key Highlights
- 57 apartments across nine buildings; unit mix includes one 1‑bedroom/1‑bathroom and 56 2‑bedroom/2‑bathroom residences
- 52,070 square feet of building area on an approximately 101,200‑square‑foot lot
- Average unit size is 914 square feet; approximately 47% of units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$667,873
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,357,460
$13.4M
Cap Rate 7%
$9,541,043
$9.5M
Cap Rate 9%
$7,420,811
$7.4M
Market Conditions
NOI Build-Up for 52,070 SF
Gross rent
$1.28M $24.60/SF
− Vacancy
−$66.6K −$1.28/SF
EGI
$1.21M $23.32/SF
− OpEx
−$546.4K −$10.49/SF
NOI
$667.9K $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 Rate 5%
$13,357,460
Cap Rate 7%
$9,541,043
Cap Rate 9%
$7,420,811
Alternative Uses
Best Use
Apartment 5plus
$9.54M
$8.35M – $11.13M
NOI $667,873 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.68M
$13.72M – $18.30M
NOI $1,097,719 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
923
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to a gated setting, swimming pool, onsite laundry, and assigned parking.
Where is this apartment building located?
The property is located at 1683 Pumalo Street East San Bernardino, CA.
What is the asking price?
The asking price for this property is $10,800,000.
What are key features of this property?
This property features: 57 apartments across nine buildings; unit mix includes one 1‑bedroom/1‑bathroom and 56 2‑bedroom/2‑bathroom residences; 52,070 square feet of building area on an approximately 101,200‑square‑foot lot; Average unit size is 914 square feet; approximately 47% of units have been renovated
